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Why Companies Like Toys ‘R’ Us Love to Go Bust in Richmond, Va.

New York Times - Mar, 11/14/2017 - 17:19
The federal bankruptcy court in Virginia’s capital moves quickly, has expert judges and legal precedents that are favorable to companies, and a reputation for approving huge fees for lawyers.

5 Flaws That Kill Student Loan Collection Lawsuits

New York Times - Mar, 11/14/2017 - 16:40
Creditors file tens of thousands of lawsuits each year. Here are defenses that have halted collection cases.

Bobby Doerr, 99, Red Sox Hall of Fame Second Baseman, Is Dead

New York Times - Mar, 11/14/2017 - 16:13
An immensely popular player during his 14 seasons with Boston, he had been the oldest living former major leaguer.

Under New Guidelines, Millions More Americans Will Need to Lower Blood Pressure

New York Times - Mar, 11/14/2017 - 16:00
Experts set new targets for treatment of hypertension on Monday, greatly expanding the number of adults who will qualify for the diagnosis.

Books of The Times: Shades of Atwood and Vonnegut in Louise Erdrich’s Dystopian Novel

New York Times - Mar, 11/14/2017 - 15:57
“Future Home of the Living God,” in the form of a 26-year-old woman’s diary, depicts a future when glitches in evolution are joined by widespread social deterioration.

The Neediest Cases Fund: For Teenager, ‘What I See in the Mirror Is Not What I Am’

New York Times - Mar, 11/14/2017 - 15:17
Manasia Horne’s struggle with gender identity has caused friction with her family. At a shelter for youths like her, she learned to accept herself.

Overnight in Walmart Parking Lots: Silence, Solace and Refuge

New York Times - Mar, 11/14/2017 - 15:16
Walmart’s practice of letting people populate many of its parking lots has made the retail giant’s stores a reliable destination and a place where an informal culture emerges before and after dark.

Lincoln Center to End Its Namesake Summer Festival

New York Times - Mar, 11/14/2017 - 15:15
Jane Moss, who revived the center’s Mostly Mozart festival, will take control of all summer programming with the demise of the Lincoln Center Festival.

Op-Docs: From Journalist to Hostage

New York Times - Mar, 11/14/2017 - 15:02
When a reporter takes too many risks, who pays the price?

On Washington: Past Sex Misconduct Show McConnell Is Willing to Take a Tough Line

New York Times - Mar, 11/14/2017 - 14:26
The Senate majority leader, Mitch McConnell, who has pushed out Republican offenders in the past, views salacious episodes as a threat to the Senate and to the party’s reputation.

Live Briefing: Jeff Sessions Displays Unsteady Recall on Trump-Russia Matters

New York Times - Mar, 11/14/2017 - 14:10
Mr. Sessions said he could not recall the details of a campaign adviser’s Russia proposals, but he could recall that he rejected a proposed Trump-Putin meeting.

Is the Age of the Artistic Recluse Over?

New York Times - Mar, 11/14/2017 - 13:28
Today, cloistered types like Emily Dickinson, J.D. Salinger and Thomas Pynchon are all the harder to come by — and even more appealing.

Iran-Iraq Earthquake Kills More Than 500

New York Times - Mar, 11/14/2017 - 13:14
Rescuers and residents spent the night digging through rubble in a frantic search for survivors after a quake near the countries’ shared border.

Critic’s Notebook: When the Body Is a Canvas, Accented With Paint or Peanuts

New York Times - Mar, 11/14/2017 - 13:00
Yvonne Meier turned ordinary objects (tomatoes, Band-Aids) into tools for artistic expression; Jillian Sweeney engaged with memory and storytelling.

Criticism of index-tracking funds is ill-directed

The Economist - Finance and economics - Mar, 11/14/2017 - 12:47

INDEX funds were devised in the 1970s as a way of giving investors cheap, diversified portfolios. But they have only become very popular in the past decade. Last year more money flowed into “passive” funds (those tracking a benchmark like the S&P 500) than into “active” funds that try to pick the best stocks.

In any other industry, this would be universally welcomed as a sign that innovation was coming up with cheaper products to the benefit of ordinary citizens. But the rise of index funds has provoked some fierce criticism.

Two stand out. One argues that passive investing is, in the phrase of analysts at Sanford C. Bernstein, “worse than Marxism”. A key role of the financial markets is to allocate capital to the most efficient companies. But index funds do not do this: they simply buy all the stocks that qualify for inclusion in a benchmark. Nor can index funds sell their stocks if they dislike the actions of the management. The long-term result will be bad for capitalism, opponents argue.

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House and Senate Are ‘Among the Worst’ for Harassment, Representative Says

New York Times - Mar, 11/14/2017 - 12:27
Capitol Hill, shrouded in secrecy and following its own rules, joins Hollywood, Silicon Valley and other industries under scrutiny for sexual harassment.

Italy Fails to Qualify for the World Cup, and a Nation Mourns

New York Times - Mar, 11/14/2017 - 12:02
For the soccer-crazed country, it was perhaps the lowest point in 60 years — a humiliation, wrapped in a tragedy, enveloped in an apocalypse.

Memorial T-Shirts Create a Little Justice, a Tiny Peace

New York Times - Mar, 11/14/2017 - 11:56
On the South Side of Chicago and around the U.S., memorial T-shirts are a way to remember, to celebrate — and to indict.

Restaurant Review: This May Be the Best Beef at Any Korean BBQ in New York

New York Times - Mar, 11/14/2017 - 11:50
Cote, a new restaurant in the Flatiron district, styles itself as a steakhouse, with dry-aged beef and a nicely priced menu option.

Editorial: President Trump’s Thing for Thugs

New York Times - Mar, 11/14/2017 - 11:41
The degree to which he grovels before some of the world’s most unsavory leaders hurts U.S. credibility and influence.
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