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Off the road is good just now. Enjoy.
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Automobiles
Wheelies: The G.M. Shuffle Edition
General Motors announces a series of senior executive reassignments; G.M. Korea hires more women for leadership roles.
http://www.cdc.gov/vhf/ebola/outbreaks/2014-west-africa/cumulative-cases-graphs.html
Graph 1 shows the cumulative reported cases in Guinea, Liberia, and Sierra Leone provided in WHO situation reports beginning on March 25, 2014 through the most recent situation report on November 19, 2014.
Graph 3 shows the cumulative reported cases and deaths in Liberia provided in WHO situation reports beginning on March 25, 2014 through the most recent situation report on November 19, 2014.
Deaths are not getting reported.
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N.Y. / Region
Philadelphia Casino Project Adds to Frenzy in Northeast Gambling Market
The rush to build casinos is only intensifying in the region, which is widely regarded as the most competitive market in the country despite flat or falling gambling revenues.U.S.
More Judges Question Use of Fake Drugs in Sting Cases
A number of judges have questioned a federal agency’s tactic of “stash-house stings,” saying it draws small-time criminals into major crimes.Opinion
Peru Prepares to Host Climate Talks as its Indigenous Forest Defenders Die
The resource rush on Peru’s Amazon frontier is exacting a rising toll on indigenous communities, a rights group warns.Automobiles
Weekend Auto Calendar: Tight Competition in the Formula One Season Finale
Lewis Hamilton leads the season points standings by only 17 going into the finale; American Endurance Racing hosts an amateur race at Lime Rock Park.World
Berlin After the Wall: A Microcosm of the World’s Chaotic Change
Twenty-five years after the fall of the Berlin Wall, the city’s identity is still a work in progress.Business Day
Making It Easier for Retirees to Give to Charity
The Boomerang Giving project offers giving opportunities nationwide with programs like the one that allows people to donate their senior discounts to charity.N.Y. / Region
Set Back by Hardship, a Student Athlete Runs Up Against an Age Restriction
Lawyers for Jason Puello, who, at 19, is too old to play for the basketball team, say that basing eligibility on when students’ birthdays fall means that the Education Department treats winter and spring sports differently.World
Sudan: Peace Talks Adjourn
Islam is not a good neighbor.
It is apostolic by design.
http://en.wikipedia.org/wiki/Prophets_and_messengers_in_Islam
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Law is tactical. Policy is strategic.
http://en.wikipedia.org/wiki/Tactic
http://en.wikipedia.org/wiki/Tactic_%28method%29
http://en.wikipedia.org/wiki/Strategy
http://en.wikipedia.org/wiki/Black_Sox_Scandal
http://en.wikipedia.org/w/index.php?title=Taking_a_dive&redirect=no
http://en.wikipedia.org/wiki/Match_fixing
Match fixing is the G.O.P. stock in trade.
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World
UKIP Wins 2nd Seat in the British Parliament, Dealing a Blow to David Cameron
The victory in southern England by Mark Reckless, a candidate in the populist U.K. Independence Party, threatened to destabilize the Conservative Party of Prime Minister David Cameron.Business Day
Mario Draghi Says E.C.B. Will ‘Do What We Must’ to Stoke Inflation
In a speech, the European Central Bank’s president indicated that further stimulus measures were likely to be taken in a bid to avert deflation.The Wisdom of Peter Schiff
No, seriously. Well, sort of. Danny Vinik sends us to the latest from Schiff, who made a big splash in 2008-2009 predicting runaway inflation if not hyperinflation; he was a favorite of Glenn Beck’s.
And in his new piece Schiff lays out the analytical issue very clearly:
Mainstream economists (who hold sway in government, the corporate world, and academia) argued that as long as the labor market remained slack, inflation would not catch fire. My fellow Austrian economists and I loudly voiced the minority viewpoint that money printing is always inflationary-in fact, that it is the very definition of inflation.…The truth is that high levels of unemployment are historically correlated with higher inflation and low levels of unemployment with lower inflation. That is because an economy that more fully utilizes labor resources is more productive. More production brings down prices. In contrast, an economy that does not fully employ its citizens is less productive, and its government is more prone to pursue misguided inflationary policies to stimulate the economy.
OK, leave aside the
business about defining money-printing as inflation; guys, nobody cares.
But what Schiff says very clearly is that according to his worldview,
rolling the printing presses should cause inflation (by the normal
definition) even in a depressed economy, and that high unemployment
should in fact make inflation higher, not lower.
He has that exactly
right: the central dispute is between those who see depressions as the
result of inadequate demand, implying that inflation will fall and that
printing money does nothing unless it boosts employment, and those who
see depressions as the result of maladapation of resources or something —
anyway, something on the supply side — who predict that running the
printing presses will lead to runaway inflation.
How could you test
those rival views? Why, how about having a huge slump, to which central
banks respond with aggressive monetary expansion? And that is, of
course, the test we’ve just run. And everywhere you look, inflation is
low, verging on deflation.
So we’ve just run the
Schiff test — and his brand of economics, by his own criteria, loses
with flying colors. And that goes for just about all anti-Keynesian
doctrines: we ran as close to a clean experiment as you’re ever going to
get, and the answer is no.
Now, just about
everyone on that side insists that it’s not true, that sinister
bureaucrats are smuggling away the inflation evidence and burying it in
Area 51. That tells you a lot about who we’re dealing with. But at least
Schiff states the issue clearly before refusing to admit error."
Mario Draghi has not the power to rescue the Euro.
N.Y. / Region
Mayor de Blasio Urges ‘Culture Change’ at Rikers Island
Mayor Bill de Blasio, in his most extensive comments on the violence at the New York City jail complex, said he would visit it in December to see problems for himself.Fashion & Style
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