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U.S.
Ex-Executive Donald Blankenship Is Indicted in Disaster at Coal Mine
Donald L. Blankenship was accused of looking away from hundreds of safety violations to produce more coal while avoiding the cost of following safety laws.
World
Jean-Claude Juncker Breaks Silence Over Luxembourg Tax Issues
The former prime minister of Luxembourg, now the president of the European Commission, denied that his “ambition was to organize tax evasion in Europe.”Arts
When Mother Nature Stops Being Maternal
“Nature’s Fury: The Science of Natural Disasters” examines the immense forces wielded by earthquakes, volcanoes, tornadoes and hurricanes.N.Y. / Region
With Persistence and Phone Calls, Defending Against Ebola in New York
It has been enough so far.Opinion
Legalize and Regulate Sports Betting
Gambling on professional games should be safe and regulated.U.S.
Series of Secret Service Blunders Eased Way for White House Intruder
A report by the Department of Homeland Security noted “performance, organizational, technical” and other failures that allowed a man to get inside the mansion in September.
Automobiles
Wheelies: The Parade of Progress Edition
A restored G.M. Futurliner from the Parade of Progress to appear at a Washington car show; G.M. to cut a shift at its Cadillac plant in Lansing, Mich.Opinion
In Joint Steps on Emissions, China and U.S. Set Aside 'You First' Approach on Global Warming
China and the United States pledge simultaneous steps to curb emissions of greenhouse gases.The Upshot
A Higher Quit Rate Among Employees Actually Offers Hope
Despite a recent rise in the rate, which points to more confidence in the economy, the number suggests the recovery is unfinished.On Income Stagnation
Sorry about lack of posting; I’m scrambling on a couple of fronts, most crucially textbook revisions …
But I did want to share a couple of thoughts on the income stagnation issue, where a piece by David Leonhardt has been deservedly getting a lot of attention.
The first point is
that although Leonhardt talks about wages, the chart he shows is median
income, which is a somewhat different story. Wages for ordinary workers
have in fact been stagnant since the 1970s, very much including the
Reagan years, with the only major break during part of the Clinton boom.
My first chart shows wages of production and nonsupervisory workers in
2014 dollars; we have never gotten back to 1973 levels.
The second point is
that rising inequality is a big part of the story for stagnating
household incomes. My second chart shows real GDP per household —
nominal GDP, deflated by the consumer price index, divided by the total
number of households; and compares it with median household income, both
expressed as indexes with 1979=100. We’ve had substantial income growth
since then, but very little for the median household, because so much
of it has gone to the top.
So if Republicans are
gaining from public frustration here, it is ironic. After all, the GOP
is systematically opposed to anything that would increase workers’
bargaining power, and bitterly opposed to any suggestion that inequality
is an issue — what we need, they say, is growth, which will raise all
incomes (even though it hasn’t)."
Business Day
Berkshire Hathaway’s 3rd-Quarter Profit Falls 9%
Berkshire said on Friday that it earned $4.62 billion, or $2,811 a Class A share.Sports
Injured Player Withdraws to Save a Year at Columbia
Because Ivy League eligibility is intended to expire after four years, the senior Alex Rosenberg withdrew from classes so he could return to the basketball court for Columbia a year from now.Opinion
Waiting for the European Central Bank
The steps the E.C.B. seems to have in mind will not sufficiently bolster the eurozone economy.Automobiles
An Outbreak of Fluid Leaks
Harsh-shifting Jaguar transmissions and Volkswagens with balky door handles are among the maladies covered in the latest technical service bulletins.World
Rallying Catalans to the Separatist Cause
Carme Forcadell, head of the Catalan National Assembly, has helped make Catalonia’s secessionist drive the biggest issue facing the Spanish government.World
Video: Hollande on Taxes and Re-election Bid
In a television interview on Thursday, President François Hollande of France suggested he wouldn’t run for re-election in 2017 if he was unable to lower unemployment rates in the country.
Business Day
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