1
U.S.
Arizona: Suspect in Custody in String of Highway Shootings
A suspect has been arrested in a string of shootings along Phoenix-area freeways that have kept drivers on edge for weeks, state officials said.The sniping should stop.
2
Business Day
Video: Fed Announces Unchanged Interest Rates
The Federal Reserve chairwoman, Janet L. Yellen, said that the Federal Open Market Committee had decided to keep interest rates near zero.http://www.nytimes.com/2015/09/18/business/economy/fed-leaves-interest-rates-unchanged.html
There is no inflation.
http://krugman.blogs.nytimes.com/2015/09/18/the-receding-nairu/
The Receding NAIRU
"I began my apprenticeship in economics as a research assistant to Bill Nordhaus, who was working on energy
at the time (check the acknowledgments), and one thing I remember was
the continual frustration over the failure of alternatives to
conventional crude oil to materialize. That’s all changed now, of
course; but at the time people used to cite “Weitzmann’s Law”, which
said that the cost of alternatives to oil was 40 percent above the
current price — whatever the current price happened to be.
It’s hard to escape
the sense that something similar is happening now when it comes to
estimates of the NAIRU, the lowest level unemployment can reach before
inflation becomes an issue. The chart shows the actual unemployment rate
versus the FOMC estimate of the long-run unemployment rate (the middle
of the “central tendency” until the latest report, which gives us the
median). Estimates of how low U can go seem always to be a bit below the
current level of unemployment.
What’s driving this
ever-falling estimate of the NAIRU? The failure of inflation to
materialize. And look, it’s better to see the FOMC update in the light
of evidence than not. But the truth is that we really don’t know how low
unemployment can go, which means that the unemployment rate is not a
good reason to tighten. Wait until you see the whites of inflation’s
eyes!"
3
Opinion
A Wet Winter Won’t Save California
A new climate reality makes extreme drought more likely.Growth is not good.
There will be water again.
There will be less water in California.
4
Opinion
The Fed Gives Growth a Chance
By holding steady on interest rates, the Federal Reserve is acknowledging, correctly, that the economy shows no signs of overheating.Yes
5
Your Money
Understanding Insurance Policies for Homes in Wildfire-Prone Areas
Many residents in drought-stricken California are being forced from their houses by fires. Here’s advice about preemptive measures you can take to understand, and possibly adjust, your policy.The first step is to read the policy.
6
U.S.
Court Gives Mixed Decision on Gun Ownership Laws
A federal appeals court struck down as unconstitutional several gun registration laws in the nation’s capital, but upheld other restrictions.There will be fewer legal guns in Washington D.C.
7
World
Mexico: 2nd Missing Student Identified
The government has said that the students were hauled off buses by corrupt local police officers in the southern city of Iguala and handed over to a drug gang.There are two identified "Bone fragments" found by the authorities.
The authorities are thought to be corrupt.
The story is not believed.
8
Opinion
Europe Should See Refugees as a Boon, Not a Burden
Immigrants generally pay more in taxes than they claim in government benefits.The migrants are being treated as refugees.
They are not allowed employment.
9
U.S.
‘Regulatory War’ Fought Over a Wyoming Family’s Pond
Andy Johnson’s watering hole has become an emblem for conservatives and local governments fighting the reach of the federal government.Andy Johnson must remove the violation.
The pond goes.
He must plant trees and get beavers if he wants a pond.
10
N.Y. / Region
Judge Rules That a Dog Visiting a Bronx Apartment Is Not an Illegal Tenant
The case of a Pomeranian dropped off at a family member’s apartment highlighted the long-running battle between tenants and landlords over lease stipulations regarding pets.A dog habit is a problem in a rental.
11
Business Day
S.E.C. Judge May Have Weakened Justice Dept. Stance in Insider Trading Case
The Justice Department asked the Supreme Court to review an insider trading case, but an S.E.C. administrative judge might have undercut its argument.Insider trading is regulated and will remain regulated.
12
Sports
Once Again, Mystics Have Liberty’s Number
The Mystics beat the Liberty in three of their four regular-season games and once again in the opening game of their W.N.B.A. playoff series.http://nytimes.stats.com/wnba/scoreboard.asp
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13
Science
Tourists Thwart Turtles from Nesting in Costa Rica
During the first weekend in September, day-trippers swarmed the beach in Costa Rica that serves as a nesting ground for Olive Ridley sea turtles, becoming a cautionary tale for conservationists, not to mention a social media sensation.The tourists can miss the turtles.
One season is not the end of the species.
15
World
Lebanon: Trash Protests Turn Violent
Lebanese police officers beat back protesters with clubs and sticks and arrested dozens on Wednesday in Beirut in the latest confrontations.Lebanon is discovering the separation of church and state along with civil law.
16
Opinion
Affordable Housing in Distressed Communities
Enterprise Community Partners writes that these communities and their residents need investment in “building blocks of opportunity.”Paying rent does not build equity.
The poor must avoid paying rent in so far as that is possible.
18
Sports
Colsaerts Sets Pace at Italian Open With a 63
Nicolas Colsaerts had eight straight birdies and finished with a nine-under-par 63 to take the lead in the Italian Open at Golf Club Milano in Monza.You are possibly in Europe.
Sooner is better. As soon as you can is best.
19
N.Y. / Region
Nail Salon Owners Sue Cuomo and New York State Over Wage Bond Requirement
The lawsuit said that a rule requiring owners to buy a form of insurance meant to prevent wage theft placed too great a burden on them.If a business cannot buy the wage bond it cannot pay its workers.
Such a business must not exist.
20
World
Israel Rearrests Palestinian Who Staged Two-Month Hunger Strike
Mohammad Allan, a member of the Islamic Jihad militant group, has resumed his strike, and his legal team is preparing an appeal to the Supreme Court.The Israeli action looks like attainder.
https://en.wikipedia.org/wiki/Attainder
https://en.wikipedia.org/wiki/Bill_of_attainder
https://en.wikipedia.org/wiki/Basic_Laws_of_Israel
Attainder is not mentioned in the basic laws of the state of Israel.
https://en.wikipedia.org/wiki/Ex_post_facto_law#Israel
The practice of attainder appears useful to the sovereign state of Israel.
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