1
Opinion
Diversity of Catholic Views
A reader writes that Catholics who attend Mass aren’t necessarily conservative Catholics.The confirmation of dogma may not be the attendees intention.
It is the effect.
https://en.wikipedia.org/wiki/Dogma
2
Opinion
Aid for Afghanistan
The Agency for International Development responds to an editorial.Afghanistan is an anarchy.
https://en.wikipedia.org/wiki/Anarchy
3
Travel
Video: 36 Hours in Savannah
Yes, there are lots of live oaks and lovely squares, but Savannah also has a lively bar scene, innovative restaurants and a rich, storied past.I do not want to live there.
4
Business Day
Trucks and Buses to Get Electronic Stability Control
Federal regulators said on Wednesday they would require new vehicles to have the technology to help drivers maintain control during a skid.Some situations are not survivable.
I wonder about the rate of return.
5
N.Y. / Region
New York City Is Sued Over Rule Change to Rent-Freeze Program
According to the suit, the city’s Department of Finance put some older New Yorkers in danger of eviction by improperly altering deadlines for the rent program and by failing to properly inform them of the rule."New laws last year raised the income limit for both programs to $50,000 from $29,000."
The $15 minimum wage is very real.
6
World
Paris Police Clear Out Migrant Camp and Destroy Tents
The camp in north central Paris held 380 people, mostly from East Africa, who were moved to housing for asylum seekers or shelters.People vote for hope with their feet.
Let them find hope at home.
7
Opinion
Sepp Blatter’s Resignation and Soccer Reform
Mr. Blatter should leave immediately and allow an interim president to start introducing reforms and to prepare the next election.Sepp Blatter does not look like a monster.
8
Sports
Soccer Official Chuck Blazer Admitted Accepting Bribes for World Cup Votes
Chuck Blazer told a judge in 2013 that he and others on FIFA’s executive committee had accepted bribes for their support in the bidding to host the 1998 and 2010 World Cups.The case is solid. The evidence is still a bit thin.
9
U.S.
13% Left Health Care Rolls, U.S. Finds
The Obama administration says that many people had failed to pay their share of premiums, leaving enrollment at 10.2 million people.Scarry numbers with little meaning.
10
Business Day
Manufacturing Growth Speeds Up for First Time in 6 Months
Construction spending in the United States also climbed, reaching its highest level in more than six years in April.Noise and hope are a dangerous combination.
11
Real Estate
A Conversation With Amale Andraos
Ms. Andraos is dean of Columbia University’s Graduate School of Architecture, Planning and Preservation, and a founding principal with her husband, Dan Wood, of the architecture firm WORKac.She is trying.
I would not consult her directly.
She appears to be following fashion.
I will watch for a consultant.
When I know the problems better.
12
N.Y. / Region
Rikers Island Health Care Provider May Lose Deal With New York
Corizon, a for-profit company, has been accused by state investigators of neglecting and improperly treating inmates at the jail complex, a dozen of which have died.I do not know enough to form an oppinion.
I am opposed to Corizon at this point.
13
Real Estate
$1,350,000 Homes in Alabama, Pennsylvania and Ohio
This week’s properties include a cabin in Alabama, a modern house in Pennsylvania and a 1928 stone and stucco house in Ohio.I don't like the people who would live in these houses.
It is not just the decorators.
14
Opinion
Human Subjects in Medical Research
Eric W. Kaler of the University of Minnesota and others respond to an Op-Ed article.Oversight has been lax.
Procedures need closer attention.
The selection of projects seems to be good.
15
Business Day
European Central Bank Holds Rates Steady
The central bank left its benchmark rate at 0.05 percent, but said it intends to continue with its bond-purchasing program to stimulate the eurozone economy.Mario Draghi knows that Europe remains in depression.
The Bundesbank will not allow the necessary inflation to bring it out quickly.
Greece is about to fail to meet its commitments and messily exit the euro.
The Inflationista Puzzle
Martin Feldstein has a new column
on what he calls the “inflation puzzle” — the failure of inflation to
soar despite the Fed’s large asset purchases, which led to a very large
rise in the monetary base. As Tony Yates
points out, however, there’s nothing puzzling at all about what
happened; it’s exactly what you should expect when interest rates are
near zero.
And this isn’t an
ex-post rationale, it’s what many of us were saying from the beginning.
Traditional IS-LM analysis said that the Fed’s policies would have
little effect on inflation; so did the translation of that analysis into
a stripped-down New Keynesian framework that I did back in 1998, starting the modern liquidity-trap literature.
We even had solid recent empirical evidence: Japan’s attempt at quantitative easing in the naughties, which looked like this:
I’m still not sure why
relatively moderate conservatives like Feldstein didn’t find all this
convincing back in 2009. I get, I think, why politics might predispose
them to see inflation risks everywhere, but this was as crystal-clear a
proposition as I’ve ever seen. Still, even if you managed to convince
yourself that the liquidity-trap analysis was wrong six years ago, by
now you should surely have realized that Bernanke, Woodford, Eggertsson,
and, yes, me got it right.
But no — it’s a
complete puzzle. Maybe it’s because those tricksy Fed officials started
paying all of 25 basis points on reserves (Japan never paid such
interest). Anyway, inflation is just around the corner, the same way it
has been all these years."
16
Business Day
World Economy Improving at Sluggish Pace, O.E.C.D. Reports
The organization of the world’s richest nations forecast that growth should be healthier by the end of 2016.The rich continue to grow richer.
17
Business Day
Marshall Islands, the Flag for Many Ships, Seeks to Rein In Emissions
The tiny Pacific nation with an outsize role in the industry caused a stir by proposing a cap on the greenhouse gases produced in shipping.The discussion has started.
When serious discussion of sail for cargoes that are not time critical starts, they will indicate that regulation is near.
18
U.S.
Video: Congress Holds Hearing on Amtrak Crash
Officials testified at a congressional hearing on Tuesday about why a technology that slows trains wasn’t in place before last month’s derailment in Philadelphia that killed 8 people.It is empty talk until the reports issue.
19
U.S.
Illinois: Hastert Hearing Delayed
Judge Thomas N. Durkin of Federal District Court on Tuesday delayed J. Dennis Hastert’s first court appearance after his indictment in a hush-money caseI do not expect a trial until after the next general election.
20
Health
White House Meeting Elicits Pledges to Reduce Antibiotic Use
The forum, attended by representatives of hospitals, food producers, professional medical societies and restaurant chains, highlighted the problem of antibiotic resistance.I want to see sales end.
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