Saturday, January 16, 2016

@21:00, 1/15/16

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1
Business Day

Fed Report Shows Modest Growth in Many U.S. Areas

Economic activity expanded in nine of the nation’s 12 districts, the Fed said in its Beige Book report of anecdotal information on business activity.

Yes.

http://krugman.blogs.nytimes.com/2016/01/13/yes-he-did/



Yes He Did




Photo
Credit Sentier Research
These days many Americans live in an alternative political reality, in which the simplest factual assertions are met with anger and derision. When I, like many others, noted that job growth since Obamacare went into full effect has been the fastest since the 1990s — which is simply what the BLS data say — I got a barrage of mail from people claiming that I’m crazy, a liar, etc.. Similarly, but on of course a much bigger scale, a lot of what I’m seeing in reactions to the State of the Union amounts to the assertion that only an imbecile or a hack could believe Obama’s talk about the strength of the U.S. economy relative to other advanced countries — when that’s a simple fact.
But that involves grading on a curve, one where the average is dragged down by the awful performance of Europe. What does the economic record look like compared with our own past?
Not great, but not too bad.
Unemployment is, of course, more or less back to pre-crisis levels, but that’s in part due to falling labor force participation. So what’s happening to family incomes? Unfortunately, the Census data on those incomes come with a long lag, but Sentier Research now produces much more timely estimates (using the CPS data), which are shown above. What they say is that after a severe drop, median real household income is also roughly back to pre-crisis levels.
That’s not a great result; once upon a time we expected median income to be markedly higher at each business cycle peak than it was at the preceding peak. But that wasn’t true under Bush, who also only more or less presided over a return to the previous peak on the eve of the Great Recession — and the Bush-era economy only got there thanks to a disastrous housing bubble. (As an aside: median income didn’t rise much under Reagan either.)
So the Obama macroeconomic record isn’t just one of stabilizing the economy after a terrifying crisis; he has also presided over overall income growth that, assuming we don’t have another recession this year, will have been better than his predecessor.
And meanwhile we’ve seen a dramatic reduction in the number of uninsured Americans, so while income has been flat, income security is up substantially.
Of course, none of this will make any dent on the conviction of the usual suspects that everything has been a disaster. But really, Obama has cause for satisfaction though not triumph."


2
Science

U.S. Restricts Movement of Salamanders, for Their Own Good

Scientists hope that a rule making it illegal to import salamanders or move them across state lines, will help stop a deadly fungus.

"Do what works."

3
Travel

Dining in Thunder Bay, Where Sustainable Meets Delectable

Uptown Cut has a modern sensibility yet takes pride in the beef of Ontario.

Fine by me.
I am an omnivore.

4
Travel

Decoding Airline Fare Classes to Make the Most of Your Miles

When you are fare hunting, you want to parse the various fare class letters and find out the miles you’ll receive if you fly in those classes.

Your concern.

5
World

North Korea Faked Test Video, Group Says

The footage North Korea has broadcast of what looked like a successful submarine-launched ballistic missile was most likely faked to exaggerate the country’s advances in missile development

The rocket should show on radar.

6
U.S.

Michigan Attorney General to Investigate Flint Water Crisis

The state’s investigation into lead contamination of the city’s drinking water follows an inquiry by federal prosecutors working with the Environmental Protection Agency.

The facts are known.
There is nothing to learn by investigation.

7
N.Y. / Region

For de Blasio, Cuomo’s State of the State Address Holds More Tough News

Gov. Andrew M. Cuomo outlined budget cuts and spending initiatives for city programs that nearly guaranteed to extend the feud between him and Mayor Bill de Blasio.

The pair of them are fussing over money.
There is no real fight over programs.

8
World

Junior Doctors’ Strike in England Disrupts Care for Thousands

The first strike by medical doctors in the country in four decades heightened tensions over the stewardship of a widely revered health system that has come under growing strain.

"The government insists that doctors would not be worse off under the new contract, but that is disputed by the British Medical Association, which represents more than 37,000 of the country’s 55,000 junior doctors and which describes the proposed conditions as “unsafe and unfair.”
The dispute has crystallized a broader set of worries and frustrations felt by many doctors working in a system in which demand for health care sometimes seems infinite, but for which resources are definitely not. When junior doctors were asked to authorize a strike last year, 98 percent voted in favor."

The conservative government would like to privatize British health care.

9
Sports

Court Allows FanDuel and DraftKings to Operate in New York Amid Appeal

The two largest daily fantasy websites were granted a stay by the Appellate Division of the New York State Supreme Court while they try to fend off a challenge from the state’s attorney general.

"In the decision issued Monday, a panel of five judges appeared to agree with the websites’ arguments that having to shut down in New York during a lengthy litigation would do them “irreparable harm.” The judges did not comment on the merits of the case."

Try the case before taking action.

10
Health

C.D.C. May Warn Pregnant Women Against Travel to Countries With Zika Virus

The mosquito-borne virus has been linked to brain damage in newborn babies in Brazil and other Latin American and Caribbean nations.

http://www.cnn.com/2016/01/15/health/zika-pandemic-travel-warnings-cdc/

http://wwwnc.cdc.gov/travel/notices

"

Alert Level 2, Practice Enhanced Precautions



11
Sports

Angelique Kerber Is Latest Casualty

Almost all of the top 10 women in tennis are injured or have become sick as the Australian Open approaches. Kerber, withdrew from the Sydney International with a stomach illness.

The training limit may have been reached.

http://nytimes.stats.com/mlb/teams.asp

http://nytimes.stats.com/mlb/teamstats.asp?team=02&type=schedule

March
Date Opp Time TVRed Sox : Pitcher Opp: Pitcher
Wed. 2 vs. Min 1:05 PM ET
Thu. 3 at Min 7:05 PM ET
Fri. 4 vs. TB 1:05 PM ET
Sat. 5 at NYY 1:05 PM ET
Sun. 6 vs. Bal 1:05 PM ET
Mon. 7 vs. Bal 1:05 PM ET
Tue. 8 at Bal 1:05 PM ET  MASN
Wed. 9 at Pit 1:05 PM ET
.  .  .

12
World

6 Hospitalized, One of Them Brain-Dead, After Drug Trial in France

The drug was being tested on healthy volunteers in a licensed private institution specializing in clinical trials, the health minister said.

Drug testing is necessary.

13
Business Day

Chipotle Will Close Stores for Food Safety Meetings After Outbreaks

All Chipotle restaurants will open later than usual on Feb. 8 so employees can discuss safety changes, the chain said.

Give Chipotle a few months off.

14
U.S.

Justices to Hear Appeal by Bob McDonnell, Ex-Governor of Virginia

The case before the Supreme Court will test what kinds of official conduct amount to forbidden corruption.

Mr. McDonnell does not have much chance of success.

The Lutheran Church should not prevail.
The Playground is part of their religious work. 

15
N.Y. / Region

A Yacht Club in Brooklyn Elects Its First Female Commodore

Helen Salogub is the first woman to lead the Midget Squadron Yacht Club in Canarsie, a 116-year-old group for boating, fishing, cocktails and camaraderie.

http://theweeklynabe.com/2012/04/04/paerdegat-basin-brooklyn-jamaica-bay/

https://www.google.com/maps/@40.5971756,-73.9108283,13z

https://www.google.com/maps/@40.6268385,-73.9157519,15z

I didn't know the name of that water.

16
N.Y. / Region

A Skateboard Stunt Turns Fatal for a Former Chef

Richard Oates, who left a restaurant career to run a skateboard shop in Brooklyn, was killed by a truck on which he was hitching an illegal ride with his skateboard.

Yes

17
Science

New Tactics to Save California’s Decimated Salmon Population

At a hatchery on the Klamath River, biologists are using genetic techniques to reduce inbreeding, though some argue natural methods are more effective.

The salmon need all the help they can get.
People will not allow natural processes.

18
Sports

Mavericks’ Starters Sit Out, and Thunder Reap Rewards

The Oklahoma City Thunder, helped when Dallas sat out its usual starters, beat the visiting Mavericks, 108-89, on Wednesday night.

Knicks 120, Celtics 114

Knicks Top Celtics Despite an Injury

Carmelo Anthony returned only briefly after injuring his right ankle in the second quarter, but the Knicks hung on for their fifth victory in six games.

http://www.nytimes.com/2016/01/13/sports/basketball/knicks-top-celtics-despite-an-injury.html?ref=basketball

http://nytimes.stats.com/nba/scoreboard.asp

7:30 PM ET CSNE/CSNM
Boston (21 - 19)
Washington (19 - 19)
Preview


19

Sports

Report Is Expected to Detail Corruption in World Track and Field

The report, to be released Thursday as the second installment from a commission investigating doping allegations, is expected to focus on officials accused of blackmailing athletes.

Many will be excluded from the Olympics and other competitions.

20
World

China Is Said to Formally Arrest 4 Human Rights Advocates

The move against the four, already detained for six months, continues a nationwide sweep of more than 200 lawyers and associates who worked on civil rights cases.

The Chinese government is worried.

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