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N.Y. / Region
2 Colgate University Students Killed in Plane Crash
The students, from Ridgefield, Conn., died when their single-engine Cessna crashed in a field in upstate New York.We will be told more.
2
Sports
Murrays Give Britain a Lead
The brothers Andy and Jamie Murray led Britain to a hard-fought victory in Glasgow over Lleyton Hewitt and Sam Groth of Australia on Saturday for a 2-1 lead in their Davis Cup semifinal.http://nytimes.stats.com/mlb/scoreboard.asp
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U.S.
Washington: School Begins in Seattle
Thousands of Seattle students started the school year Thursday after it was delayed by a weeklong teachers strike.The strike was worth the effort.
4
Science
9 Years of Muck, Mud and Debate in Java
New evidence suggests a damaging, continuing mud volcano was started by drilling. But many researchers still blame an earthquake.I favor a natural event. The gas well was a wildcat venture that failed.
Far more mud has come out of the volcano than ever went down the well.
5
Science
As Fires Grow, a New Landscape Appears in the West
Governments’ interference in the natural cycle of fires, along with climate change, has created more brush on forest floors and hotter, drier seasons.Measures short of panic are appropriate.
Controlled burns can wait for wetter weather and favorable winds.
I am not going to worry bout the carbon balance when we do not have a carbon tax.
Let us start with the easy things.
6
Travel
Stretching Dollars, and, Yes, Feasting, in Lower-Priced Rio
For visiting Americans, due to Brazil’s struggling currency, Rio is a very different place from what it was last year.I am not fond of the tropics.
7
N.Y. / Region
New York City to Add Housing for Domestic Violence Victims
The city wants to provide emergency shelter for as many as 13,300 adults and children, up from the 8,880 served now by city-funded programs.1,500 apartments should not be difficult.
8
Opinion
Turn the Ferguson Moment Into Lasting Change
A commission’s worthy recommendations will need strong support lest they slip into the sorry archive of might-have-beens.A positive change would be a good result.
9
Travel
Air and Rail Travel News: Remodeled Planes at British Airways
What you need to know if you’re on a trip or planning one soon, including new streetcar service in San Francisco and higher taxi fares at Kennedy Airport.San Francisco should try streetcars.
10
Science
A Green Sea Turtle Refuge Is Getting Full
A threatened species is starting to grow again, helped by a record year at the Archie Carr National Wildlife Refuge in Florida.It may be time to attempt to propagate the nesting areas.
11
Sports
Sebastian Vettel Dominates in Singapore Grand Prix Despite Track Distractions
Ferrari’s Vettel won on Sunday while Lewis Hamilton had to retire as the Formula One title race took a twist.Mechanical problems are always interesting. This report did not spend much time on them.
12
Sports
Lithuania Advances to European Final
Lithuania beat Serbia, 67-64, on Friday in Lille, France, to advance to the final of the European basketball championship and clinch a slot at next year’s Olympics in Rio de Janeiro.http://nytimes.stats.com/wnba/scoreboard.asp
WNBA Scoreboard
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The Upshot
Why Yellen Blinked on Interest Rates
The decision to hold off suggests the Fed wants a little more evidence that the economy is truly on the mend.http://krugman.blogs.nytimes.com/2015/09/21/milton-money-and-interest-rates/
Milton, Money, and Interest Rates
"Still
mulling over the political economy of permahawkery; and, unusually, I
have a moderate disagreement with Brad DeLong. Brad has been arguing
that demands for tight money are, in fact, contrary to the bankers’ own interests:
It was Milton Friedman who insisted, over and over again, that in any but the shortest of runs high nominal interest rates were not a sign that money was tight–that the central bank had pushed the market interest rate above the Wicksellian natural rate–but rather that money had been and probably was still loose, and that market expectations had adjusted to that.
Friedman did in fact make that claim. But if “the shortest of short runs” means weeks or months, he was wrong.
Consider the Volcker
disinflation. The Fed clearly announced its intention to reduce
inflation, and temporarily changed its operating procedure by switching
to money supply targeting; in short, it did everything one might imagine
to make it clear that there was a regime shift that would lead to
disinflation. As I and others have pointed out, the fact that this
policy change nonetheless led to a severe recession is conclusive
evidence against both the Lucas notion that only unanticipated monetary
policy has real effects, and the Prescott view that business cycles
reflect real shocks.
But the episode also
undermines the Friedman claim on interest rates. Yes, short rates ended
up lower than before once the disinflation was complete. But they were
sharply elevated for three years — and while you might have expected
long rates to fall due to reduced expectations of inflation, in fact
they rose along with short rates and stayed high for several years.
So put yourself in the
(very expensive) shoes of a bank CEO today, who is assured that the
Fed’s hold on interest rates now will help avoid deflation and assure
higher interest rates and hence higher bank profits in the long run.
Even if you understand the macroeconomics and know the history (which
you probably don’t), this is a story about a better bottom line four or
five years down the pike, by which time you will have foregone a lot of
bonuses and may well be retired.
As I see it, interest-rate hawkery on the part of bankers isn’t irrational, just evil."
14
U.S.
Alabama Church Shooting Wounds Infant and 2 Adults
The police said they had arrested a suspect, the father of the wounded infant. The child’s mother and the church’s pastor were also wounded.Perhaps we could suppress the manufacture of hand guns.
15
U.S.
Judge’s Ruling Awards $600,000 to Exploited Workers
More than two dozen men with intellectual disability who worked decades for little pay in a turkey-processing plant will share the money.This is a trivial amount. It does not improve the lives of these workers
or give them their share of their productivity.
16
Arts
Staten Island Museum Is Reopening in Snug Harbor Complex
Moving to a cultural hub and a vastly expanded space, the museum hopes to transcend its “outpost” identity and let its eclectic collection breathe.Realestate development continues.
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The migrants have provided cover for the second or third victory of Syriza.
Perhaps Greece can get the debt relief it must have.
If it means leaving the Euro, so be it.
18
Opinion
Europe’s Dangerous Ambivalence
It’s election time again in Greece, where the continuing economic crisis and the influx of refugees reflect the same fundamental structural paradox.The migrants have provided cover for the second or third victory of Syriza.
Perhaps Greece can get the debt relief it must have.
If it means leaving the Euro, so be it.
18
Opinion
The Refugee Crisis Has Produced One Winner: Organized Crime
Smuggling people is now as profitable, if not more so, than the trade in illegal narcotics.The H.C.R. and the E.U. could go into competition with the smugglers.
Boat passage and rail fares would be cheaper than fenced and guarded borders.
19
World
Video: Pope Francis Arrives in Havana
The pope is on a nine-day tour that will include visits to U.S. cities.The Pope is sovereign.
He may go where he wishes.
20
Sports
Jason Day Holds on to Win, and Grabs Top Ranking
Protecting a four-shot lead in Sunday’s final round of the BMW Championship, Day had set his sights on overtaking Rory McIlroy as the top-ranked player in the world golf rankings.Golf.
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