I spent the day flat with a fever and cough.
1
Opinion
State Retirement Plans
The American Council of Life Insurers writes that states are leery of making sweeping retirement promises to their citizens.I will inherit a reasonable chunk.
My preference is to invest it in a life.
Social Security and vested pension will pay about 30K a year.
2
The Upshot
Why Negative Interest Rates Are Becoming the New Normal
Tools that were academic thought experiments a decade ago are now becoming standard-issue parts of the policy tool kit for central banks.Krugman:
You searched for negative interest rates
123 Results
Sorry about sparsity
of posts; on the road for family reasons, with real life getting in the
way of digital. But I did see a number of people praising remarks from Charlie Munger declaring himself “flabbergasted” by low interest rates, with a sideswipe at anyone who claims to have had some inkling:
I think everybody’s been surprised by it, including all the people who are in the economics profession who kind of pretend they knew it all along. But I think practically everybody was flabbergasted. I was flabbergasted when they went low; when they went negative in Europe – I’m really flabbergasted.
Well, negative rates
were a big shock; I had thought they were ruled out by the possibility
of holding cash, and hadn’t thought the mechanics through. But this kind
of “nobody saw it coming” remark is, if you ask me, a big dodge, an
evasion of responsibility.
For sure, nobody saw
negative rates coming, and few predicted that rates would stay this low
this long. But there were different degrees of wrongness here. Read that
WSJ piece, or anything just about everyone on the “Eek! Deficits!” side
was saying, and compare it with, say, what I had to say. One reveals a world-view that has been utterly refuted by events; the other looks pretty good in the light of experience.
Pretending that everyone was equally flummoxed may make those who really were clueless feel better, but it’s not the truth."
http://krugman.blogs.nytimes.com/2009/05/02/liquidity-preference-loanable-funds-and-niall-ferguson-wonkish/
3
Food
What to Cook This Week
From Cincinnati chili to gong bao chicken, recipes for the busy days ahead.Take out is wonderful with a cold in the head.
5
Sports
A Goal Streak Ends at 11, but Leicester Grabs First
Jamie Vardy’s record scoring streak came to an end on Saturday, but Leicester still moved to the top of the Premier League standings with a 3-0 win at Swansea and Manchester City’s 2-0 loss at Stoke City.http://www.theguardian.com/football/results
6
Sports
Jim Boeheim’s Penalty Altered
The N.C.A.A. upheld its nine-game suspension of Boeheim, Syracuse’s coach, but he will be allowed to begin serving it immediately.http://nytimes.stats.com/wcbk/scoreboard.asp?day=20151209&conf=000
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7
Sports
Houston Tops Temple at Home, Securing Berth in the Peach Bowl or the Fiesta Bowl
Greg Ward Jr. ran for 148 yards and two touchdowns and No. 17 Houston came through with a 24-13 win at home over No. 20 Temple in the American Athletic Conference Championship game.Sports
Maryland Wins in Romp
Robert Carter Jr. had 20 points, and No. 2 Maryland routed visiting St. Francis (Pa.), 96-55.Sports
Jets' Darrelle Revis Will Miss Giants Game With Concussion
Revis sustained the concussion on Nov. 22 at Houston and has not played since. He attended meetings Friday for the first time since being injured.Sports
Jets Pull Out Victory Over Giants to Keep Playoff Hopes Alive
Another late-game, controversial game-management decision by Giants Coach Tom Coughlin left open the door for a comeback by the Jets, who moved to 7-5.Sports
Alabama Closes in on Playoff Spot as Star Runner and Defense Shine
The Crimson Tide simply proved to be too much for Florida in the SEC championship game.Business Day
Bill Cosby Lawyers Seek to Reseal Court Records
A court filing argues that a federal judge violated Bill Cosby’s rights by releasing a deposition in which he acknowledged buying drugs to give to women with whom he wanted to have sex.no
N.Y. / Region
The Importance of a Leaf
As a crosstown bus approached, a man suddenly had to rescue a beautiful fallen leaf in its path.Nonverbal communication.
Opinion
Senator Dick Durbin, on Sentencing Reform
The assistant Senate Democratic leader writes that the choice is between his bill or no reform at all until at least 2017.Punishment does not improve people.
U.S.
For San Bernardino Survivors, a Day of Screams and Chaos
Survivors recall the chaos of a methodical assault at the San Bernardino Health Department.I don't need it.
Sports
Deshaun Watson Helps Clemson Shed Reputation, and Tar Heels
With a victory in front of a mostly orange-clad crowd that gave the Tigers a decided home-field advantage, Clemson (13-0) did what it was supposed to do.Sports
In FIFA Inquiry, Switzerland Aids U.S. but Is Wary of Being Eclipsed
Government officials from the two countries have hardly worked in lock step in the FIFA corruption case. Swiss authorities are said to be wary of appearing as puppets of the United States.Even The Swiss like to star.
U.S.
Frustrated in Efforts to Close Guantánamo Prison, Officials Look to Reduce Population
The Obama administration is exploring measures that it hopes will make closing the prison politically and logistically easier.The problem is political.
Business Day
Manhattan Prosecutors Will Not Retry Former Dewey Chairman
The Manhattan district attorney’s office has decided not to retry Steven H. Davis, a person briefed on the matter said, but two other former leaders of the law firm may face a new trial.Bankruptcy hurts.
N.Y. / Region
Married Brooklyn Man Accused of Fatally Stabbing Girlfriend
The police said officers found a chilling murder scene in East Flatbush, as the suspect tried to flee wearing blood-soaked clothes and plastic bags on his hands.I am no wiser.
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