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...short-term numbers aren't very good, because a lot of the factors that go into them are based on assumptions that the economy will behave within some narrow band of reality, and the way it behaves is outside of that band." (Read "Advice from an Economist Who Saw...
...interesting you say that, because on first blush this appears to be a relatively strong period for the NYPD. Crime remains fairly low, and we haven't seen some of the tensions between the department and the public that we saw in the 1990s. This is more style than it is substance. There have been four killings of unarmed black men by police since Kelly has been commissioner, and there's been no reform of police procedure that I'm aware of. We had the case of a black teenage boy shot to death on the roof of his apartment...
...morning of July 17, Zelko Peher was having breakfast on the 29th floor of the JW Marriott hotel in Jakarta when he heard a blast from downstairs. "We looked out the window down below and saw shattered glass so we knew the bomb had come from inside, probably the lobby," said the German cameraman after running out of the five-star hotel in the capital's Mega-Kuningan central business district. "We were very surprised because the security was so good when we checked in. They checked everything and even opened our suitcases so how could this have happened?" (Read...
Highlight Reel: 1. The bad: Black students trail white students in reading and math in every state. The average overall gap in fourth and eighth grades was 26 points on the 500-point NAEP. Some areas saw an even larger disparity: Massachusetts, for instance, had a 40-point gap in eighth-grade math. (See pictures of a public boarding school...
...future. The deterioration of the exurbs will be a gradual process - one that takes decades - but it will happen. Housing values in these places will decline and it will certainly affect people. But it won't be any different than, say, the kinds of erasures of equity we saw over decades in places such as Detroit. The difference this time, of course, being that the Detroits of the world will benefit, as will our health, our environment and general quality of life. (See pictures of GM's Eight Great Hopes...