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Investments and Business

The Income Gap Jeopardizing Retirement for Millions

The Income Gap Jeopardizing Retirement for Millions

Monique Louvigny, an event coordinator in the San Francisco Bay Area, economizes where she can. She drives a 10-year-old Prius, brings a thermos of coffee to work instead of patronizing a place with baristas, and takes advantage of a drive-through food pantry once a month.Laid off at 57, “I kind of reinvented myself,” she said. She rebuilt her career as a freelancer, overseeing receptions and conventions for many companies and institutions, including the local de Young and Legion of Honor art museums.But her income fell to less than $30,000 last year. “It’s erratic,” she said. “In January, I have 12…
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Bird, ‘The Wire,’ a life sentence paroled and a Colts game 40 years in the making

Bird, ‘The Wire,’ a life sentence paroled and a Colts game 40 years in the making

Bleary-eyed from 16 hours on a Greyhound bus, he strolled into the stadium running on fumes. He’d barely slept in two days. The ride he was supposed to hitch from Charlotte to Indianapolis canceled at the last minute, and for a few nervy hours, Antonio Barnes started to have his doubts. The trip he’d waited 40 years for looked like it wasn’t going to happen.But as he moved through the concourse at Lucas Oil Stadium an hour before the Colts faced the Raiders, it started to sink in. His pace quickened. His eyes widened. His voice picked up.“I got chills…
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F.A.A. Orders Airlines to Ground Some Boeing 737 Max 9 Jets After Midair Emergency

F.A.A. Orders Airlines to Ground Some Boeing 737 Max 9 Jets After Midair Emergency

The Federal Aviation Administration on Saturday ordered U.S. airlines to stop using some Boeing 737 Max 9 planes until they were inspected, less than a day after one of those planes lost a chunk of its body in midair, terrifying passengers until the plane landed safely.Alaska and United Airlines on Saturday began canceling dozens of flights after grounding their Max 9 fleets so the planes could undergo the federally mandated inspections.Alaska Airlines Flight 1282 took off from Portland, Ore., on Friday, bound for Ontario, Calif., but was diverted back to Portland six minutes later, according to FlightAware, a flight tracking…
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In Indonesia, Democracy or Dynasty?

In Indonesia, Democracy or Dynasty?

Not long ago, the eldest son of President Joko Widodo of Indonesia was running a catering business and a chain of dessert shops. Now he is the symbol of a budding political dynasty and the beneficiary of family maneuvering.With the help of a high court ruling led by his uncle, the president’s son, Gibran Rakabuming Raka, 36, has emerged as the leading candidate for vice president in next month’s national elections. If his ticket wins, he would become Indonesia’s youngest vice president ever.The machinations have rattled critics, who warn that Mr. Joko is moving to undermine democratic overhauls that were…
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F.D.A. to Issue First Approval for Mass Drug Imports to States from Canada

F.D.A. to Issue First Approval for Mass Drug Imports to States from Canada

The Food and Drug Administration has decided to allow Florida to import millions of dollars worth of medications from Canada at far lower prices than in the United States, overriding fierce decades-long objections from the pharmaceutical industry, according to a senior administration official.The approval is a major policy shift for the United States, and supporters hope it will be a significant step forward in the long and largely unsuccessful effort to reign in drug prices. Individuals in the United States are allowed to buy directly from Canadian pharmacies, but states have long wanted to be able to purchase medicines in…
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Behind the scenes with Curt Menefee, ‘leader’ and ‘therapist’ for ‘Fox NFL Sunday’

Behind the scenes with Curt Menefee, ‘leader’ and ‘therapist’ for ‘Fox NFL Sunday’

LOS ANGELES — Terry Bradshaw spills a cup of coffee, but Curt Menefee doesn’t flinch. Menefee leans toward a tray not visible on television for some tissue to help clean up as Bradshaw continues to make a point about the Cincinnati Bengals.Howie Long helps with the cleanup, and Bradshaw keeps talking. Jimmy Johnson listens intently.Menefee then ribs Bradshaw about needing another cup of coffee, and Johnson uses coffee as a transition to talk about the Baltimore Ravens and Seattle Seahawks.“So Terry spills coffee on live TV … now, how do you react?” Menefee said shortly after while sitting in a dressing…
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U.S. Awards Chip Supplier 2 Million to Bolster Critical Industries

U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries

The Biden administration on Thursday announced plans to provide $162 million in federal grants to Microchip Technology, an Arizona-based semiconductor company that supplies the automotive, defense and other industries.The agreement is the second award announced under a new program intended to help ensure that American companies that rely on semiconductors have a stable supply. Last month, the Biden administration announced a $35 million grant for BAE Systems, a defense contractor.The investment will enable Microchip to increase its production of semiconductors that are used in cars, airplanes, appliances, medical devices and military products. The administration said it expected the award to…
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Canada’s Boreal Forests Badly Damaged by Logging

Canada’s Boreal Forests Badly Damaged by Logging

Canada has long promoted itself globally as a model for protecting one of the country’s most vital natural resources: the world’s largest swath of boreal forest, which is crucial to fighting climate change.But a new study using nearly half a century of data from the provinces of Ontario and Quebec — two of the country’s main commercial logging regions — reveals that harvesting trees has inflicted severe damage on the boreal forest that will be difficult to reverse.Researchers led by a group from Griffith University in Australia found that since 1976 logging in the two provinces has caused the removal…
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Covid Has Resurged, but Scientists See a Diminished Threat

Covid Has Resurged, but Scientists See a Diminished Threat

The holidays have come and gone, and once again Americans are riding a tide of respiratory ailments, including Covid. But so far, this winter’s Covid uptick seems less deadly than last year’s, and much less so than in 2022, when the Omicron surge ground the nation to a halt.“We’re not seeing the signs that would make me think that we’re heading into another severe wave,” said Caitlin Rivers, an epidemiologist at the Johns Hopkins Center for Health Security. “So far, we’re in relatively good shape.”Still, there are few masks in sight, and just a fraction of the most vulnerable people…
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Valencia’s Nou Mestalla ‘ghost ground’: After 15-year delay, will it finally be built?

Valencia’s Nou Mestalla ‘ghost ground’: After 15-year delay, will it finally be built?

The cheers rang long and loud around Valencia’s Mestalla Stadium as fans celebrated Hugo Guillamon’s late equaliser against Barcelona in their final home match before La Liga’s Christmas break.Four kilometres away, on the other side of Valencia’s old city centre, all was quiet around the site of the Nou Mestalla — where the club’s half-built new home has sat untouched for the past 15 years.Through all that time, one of La Liga’s most storied clubs has found itself stuck in this bizarre situation — unable to raise the money to finish a modern new ground, unable to sell its historic…
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