Tuesday, March 19
West Bank Residents Praise Hamas for Palestinian Prisoners’ Release
World

West Bank Residents Praise Hamas for Palestinian Prisoners’ Release

Follow live news updates on the Israel-Hamas war.The two cousins spotted each other on the bus leaving the prison, as shocked to see the other as they were by their sudden freedom. “Pinch me,” Anwar Atta, 18, told his younger cousin. “I need to know if this is a dream.”Then, early Sunday morning, the bus pulled out of Ofer Prison in the West Bank and into a throng of cheering Palestinians. Before the cousins’ feet could touch the ground, they were hoisted into the air and carried through the streets of Ramallah, surrounded by people waving Palestinian and Hamas flags, revving their motorcycle engines and whistling in excitement.“This is thanks to the resistance in Gaza,” Anwar said hours later from his family’s home on the outskirts of the city.Anwar and his cousin, Mourad Atta, 17, are am...
Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate
World

Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate

Federal Reserve officials appear to be dialing back the chances of future interest rate increases, after months in which they have carefully kept the possibility of further policy changes alive for fear that inflation would prove stubborn.Several Fed officials — including two who often push for higher interest rates — hinted on Tuesday that the central bank is making progress on inflation and may be done or close to done raising borrowing costs. Economic growth is cooling, reducing the urgency for additional moves.Christopher Waller, a Fed governor and one of the central bank’s more inflation-focused members, gave a speech on Tuesday titled “Something Appears to Be Giving,” an update on a previous speech that he had titled “Something’s Got to Give.”“I am encouraged by what we have learned ...
Kamala Harris Defends Biden Policies, but Says ‘More Work’ Needed to Reach Voters
World

Kamala Harris Defends Biden Policies, but Says ‘More Work’ Needed to Reach Voters

1 00:00:00,000 —> 00:00:05,030 “Former President Trump, not only on a national level, 2 00:00:05,030 —> 00:00:09,710 appears to be beating the Biden-Harris ticket, 3 00:00:09,710 —> 00:00:14,780 but uniquely in those five of the six key swing states, 4 00:00:14,780 —> 00:00:16,450 that seems to be the case. 5 00:00:16,450 —> 00:00:18,980 What do you think when you see the polls?” 6 00:00:18,980 —> 00:00:20,493 “Listen, if I listened to polls 7 00:00:20,493 —> 00:00:22,160 I would have never run for my first office 8 00:00:22,160 —> 00:00:23,040 or my second one. 9 00:00:23,040 —> 00:00:24,570 And here I am as vice president. 10 00:00:24,570 —> 00:00:27,260 There are fundamental freedoms that are at stake 11 00:00:27,260 —> 00:00:29,730 right now, and the Am...
Britain Says Bye-Bye to Its Only Pandas as They’ll Soon Depart for China
World

Britain Says Bye-Bye to Its Only Pandas as They’ll Soon Depart for China

Britain’s only two pandas will soon be returned to China, officials said, in a send-off that has dispirited fans of the playful, waddling bears and signals what appears to be the end, at least for now, of panda diplomacy.“Bamboo bon voyage,” the Edinburgh Zoo of the Royal Zoological Society of Scotland said on its website, noting that there would be “a giant farewell” on Thursday for the bears, whose names are Yang Guang and Tian Tian.The pair of giant pandas will be prepared to return to China in the first week of December, the zoo said, though it did not specify a date because of “security and safety reasons.”China has long used its pandas as symbols of diplomacy, delivering pairs as if they were ambassadors to several countries around the world.On Wednesday, crowds gathered to say goodb...
Even Most Biden Voters Don’t See a Thriving Economy
World

Even Most Biden Voters Don’t See a Thriving Economy

Presidents seeking a second term have often found the public’s perception of the economy a pivotal issue. It was a boon to Ronald Reagan; it helped usher Jimmy Carter and George H.W. Bush out of the White House.Now, as President Biden looks toward a re-election campaign, there are warning signals on that front: With overall consumer sentiment at a low ebb despite solid economic data, even Democrats who supported Mr. Biden in 2020 say they’re not impressed with the economy.In a recent New York Times/Siena College poll of voters in six battleground states, 62 percent of those voters think the economy is only “fair” or “poor” (compared with 97 percent for those who voted for Donald J. Trump).The demographics of Mr. Biden’s 2020 supporters may explain part of his challenge now: They were on ba...
Citi Executive Sues the Bank Over Sexual Harassment
World

Citi Executive Sues the Bank Over Sexual Harassment

The bank asked Ms. Lindsey about their ties in 2019 during an investigation into some of Mr. Singh’s personal financial transactions, including one involving her. Citi did not report any financial wrongdoing by either one to regulators. Ms. Lindsey said at the time that the two were just friends, according to Mr. Costiglio, the Citi spokesman.In her lawsuit, Ms. Lindsey alleged that Mr. Singh had extended control over her life at work. Mr. Singh berated Ms. Lindsey for speaking to her mentor, who also happened to be his boss, according to the suit; when a Citi investigator looked into the sexual harassment concerns raised by Ms. Moran, the managing director, Mr. Singh instructed Ms. Lindsey not to cooperate, Ms. Lindsey told The Times.On Nov. 6, 2022, after Ms. Lindsey told Mr. Singh that ...
Gaza Mediators Seek Cease-Fire Extension
World

Gaza Mediators Seek Cease-Fire Extension

Top officials from Qatar, Egypt and the United States pushed on Wednesday to lock in another temporary extension of the cease-fire in the Gaza Strip, seeing it as the best way to ease the embattled territory’s humanitarian crisis, secure the release of more Israeli hostages and slow the war’s escalating death toll for at least a little longer.But some officials briefed on the talks said they also hoped that the succession of short-term pauses would pave the way toward a larger goal: negotiations over a longer-term cease-fire between Israel and Hamas to bring the war to a close.Amid international pressure to prolong the pause in fighting, Israeli leaders rejected out of hand the notion of a long-term truce, reiterating their vow to fight until Hamas and its leaders have been eliminated.“In ...
U.S. Debates How Much to Sever Electric Car Industry’s Ties to China
World

U.S. Debates How Much to Sever Electric Car Industry’s Ties to China

The Biden administration has been trying to jump-start the domestic supply chain for electric vehicles so cleaner cars can be made in the United States. But the experience of one Texas company, whose plans to help make an all-American electric vehicle were upended by China, highlights the stakes involved as the administration finalizes rules governing the industry.Huntsman Corporation started construction two years ago on a $50 million plant in Texas to make ethylene carbonate, a chemical that is used in electric vehicle batteries. It would have been the only site in North America making the product, with the goal of feeding battery factories that would crop up to serve the electric vehicle market.But as new facilities in China came online and flooded the market, the price of the chemical ...
Paris Metro Rides During 2024 Olympics Could Cost Almost Double
World

Paris Metro Rides During 2024 Olympics Could Cost Almost Double

With nearly 10 million people expected to throng the streets of Paris during the Olympics this summer, visitors already knew getting around the city would be a challenge. But now it will probably be a lot more expensive, too.The price of a single ride on the Metro between July 20 and Sept. 8, roughly the dates of the Olympics and Paralympics, is set to jump to 4 euros, or about $4.40, from its current price of €2.10. A pack of 10 tickets will climb to €32 from €16.90.In a video posted on X, formerly Twitter, on Monday, Valérie Pécresse, the president of the administrative region that includes Paris and its suburbs, announced the temporary fare increases for public transportation.“For the first time in the history of the Olympic and Paralympic Games, 100 percent of spectators will be able t...
Israel-Hamas War Live: 16 More Hostages Released as Truce Extension Deadline Looms
World

Israel-Hamas War Live: 16 More Hostages Released as Truce Extension Deadline Looms

International pressure built on Tuesday for Israel and Hamas to extend a temporary cease-fire into an enduring halt to the war in Gaza, as China’s foreign minister, Wang Yi, warned the U.N. Security Council that a resumption of the fighting would “most likely, turn into a calamity that devours the whole region.”Mr. Wang’s comments came during a Security Council session focused on the war, in which a fragile cease-fire has held since Friday. China holds the Council’s rotating presidency this month.Many other foreign ministers, from Arab countries in the Middle East and the 15-member Council, also attended the meeting. A majority of them, joined by senior U.N. officials, called for the temporary truce to become permanent to prevent the war from spreading and to alleviate suffering in Gaza.Th...
U.A.W. Announces Drive to Organize Nonunion Plants
World

U.A.W. Announces Drive to Organize Nonunion Plants

The United Automobile Workers union announced Wednesday that it was undertaking an ambitious drive to organize plants owned by more than a dozen nonunion automakers, including Tesla and several foreign companies — a goal that has long eluded it.The move comes weeks after the U.A.W. won new contracts from General Motors, Ford Motor and Stellantis that included wage increases of 25 percent or more over four and a half years for its 146,000 members employed there.In addition to Tesla, the targets of the drive are two other electric vehicle start-ups, Lucid and Rivian, and 10 foreign-owned automakers: Toyota, Honda, Hyundai, Nissan, BMW, Mercedes-Benz, Subaru, Volkswagen, Mazda and Volvo.The U.S. plants owned by those companies employ nearly 150,000 workers in 13 states, the union said.If the ...
Elon Musk Speaks at the DealBook Summit: Live Updates
World

Elon Musk Speaks at the DealBook Summit: Live Updates

This year’s DealBook Summit will include conversations with global leaders and powerful figures from Wall Street, Silicon Valley and Hollywood. Each has been at the heart of the news this year and will be at the center of some of the biggest events in the months ahead.Kamala Harris was elected vice president of the United States in 2020, after serving as a senator, the attorney general of California and the district attorney of San Francisco. Ms. Harris is expected to play a vital role in the 2024 presidential race. She will be tasked with helping to win over voters worried about President Biden’s age, squeezed by inflation and disconcerted by administration policies, including strong support for Israel in its war on Hamas in the Gaza Strip.Tsai Ing-wen has been president of Taiwan since 2...
Student Housing Pioneer Faces Angry Investors, Irate Judges and a $115 Million Bill
Business, Economy

Student Housing Pioneer Faces Angry Investors, Irate Judges and a $115 Million Bill

Patrick S. Nelson is a man under siege.An early player in the off-campus student housing business, Mr. Nelson built his property management company by raising money from big lenders and hundreds of wealthy individuals. But his business has soured in recent years, and Mr. Nelson — who has so far reneged on promises to pay back some of those partners — now faces more than a dozen lawsuits and a dogfight with a private equity firm.Mr. Nelson is on the hook for at least $115 million, which he has not paid despite escalating fines and interest and twice being held in civil contempt by judges over the alleged misuse of company money. His defiance has frustrated investors and lenders, and irritated some of the judges hearing those disputes.“I am seeing a lot of money moving around, and I don’t li...
The Zombies of the U.S. Tax Code: Why Fossil Fuels Subsidies Seem Impossible to Kill
Recent news

The Zombies of the U.S. Tax Code: Why Fossil Fuels Subsidies Seem Impossible to Kill

As a candidate in 2020, Joseph R. Biden Jr. campaigned to end billions of dollars in annual tax breaks to oil and gas companies within his first year in office.It’s a pledge he has been unable to keep as president.Mr. Biden’s budget request to Congress this week was his fourth attempt to eliminate what he called “wasteful subsidies” to an industry that is enjoying record profits.“Unlike previous administrations, I don’t think the federal government should give handouts to big oil,” Mr. Biden said after his inauguration. His new budget proposal calls for the elimination of $35 billion in tax breaks that would otherwise be provided to the industry over the next decade.Mr. Biden’s wish is opposed by the oil industry, Republicans in Congress and a handful of Democrats. In Washington, it seems,...
A.L.S. Drug Relyvrio Fails Clinical Trial and May Be Withdrawn From the Market
Health

A.L.S. Drug Relyvrio Fails Clinical Trial and May Be Withdrawn From the Market

One of the few treatments the Food and Drug Administration has approved for amyotrophic lateral sclerosis has failed a large clinical trial, and its manufacturer said Friday that it was considering whether to withdraw it from the market.The medication, called Relyvrio, was approved less than two years ago, despite questions about its effectiveness in treating the severe neurological disorder. At the time, the F.D.A.’s reviewers had concluded there was not yet sufficient evidence that the medication could help patients live longer or slow the rate at which they lose functions like muscle control, speaking or breathing without assistance.But the agency decided to greenlight the medication instead of waiting two years for results of a large clinical trial, citing data showing the treatment to...
2024 MLB ‘Wild-Card Era’ Franchise Rankings: Rangers break into top 10, Cubs fall out
Sports

2024 MLB ‘Wild-Card Era’ Franchise Rankings: Rangers break into top 10, Cubs fall out

As Jonah Heim squeezed the final strike of the 2023 postseason and Josh Sborz spiked his mitt on the mound to celebrate the Texas Rangers’ first World Series title, a thought crossed my mind: How will this change the franchise rankings?See, the Wild-Card Era (1995 to present) franchise rankings are not a creation of my fallible mind. They are borne from a tested, trusted, completely objective, never-been-questioned, all-math, no-bias formula borrowed from football writer Bob Sturm and tweaked to fit baseball’s postseason structure.Winning the World Series (WS): 9 pointsLosing in the World Series (WSL): 6 pointsLosing in the Championship Series (CS): 3 pointsLosing in Division Series (DS): 2 pointsLosing in Wild Card (WC): 1 pointAs of last year, the scoring system also incentivizes divisio...
White House’s Efforts to Combat Misinformation Face Supreme Court Test
Technology

White House’s Efforts to Combat Misinformation Face Supreme Court Test

The Supreme Court will hear arguments on Monday on whether the Biden administration violated the First Amendment in combating what it said was misinformation on social media platforms.It is the latest in an extraordinary series of cases this term requiring the justices to assess the meaning of free speech in the internet era.The case arose from a barrage of communications from administration officials urging platforms to take down posts on topics like the coronavirus vaccines, claims of election fraud and Hunter Biden’s laptop. Last year, a federal appeals court severely limited such interactions.Alex Abdo, a lawyer with the Knight First Amendment Institute at Columbia University, said the Supreme Court’s review of that decision must be sensitive to two competing values, both vital to demo...
Can Europe Save Forests Without Killing Jobs in Malaysia?
Business, Economy

Can Europe Save Forests Without Killing Jobs in Malaysia?

The European Union’s upcoming ban on imports linked to deforestation has been hailed as a “gold standard” in climate policy: a meaningful step to protect the world’s forests, which help remove planet-killing greenhouse gases from the atmosphere.The law requires traders to trace the origins of a head-spinning variety of products — beef and books, chocolate and charcoal, lipstick and leather. To the European Union, the mandate, set to take effect next year, is a testament to the bloc’s role as a global leader on climate change.The policy, though, has gotten caught in fierce crosscurrents about how to navigate the economic and political trade-offs demanded by climate change in a world where power is shifting and international institutions are fracturing.Developing countries have expressed out...