New Email Shows Bard President Leon Botstein Thanked Epstein for Caribbean Trip
Leon Botstein, Bard’s president, also invited Jeffrey Epstein to visit a high school linked to Bard College and sent him well wishes after stories were published about his sexual abuse of minors.
Appeals Court Lets Trump Revoke Deportation Protections for 60,000 More Migrants
The court pointed to recent rulings by the Supreme Court as precedent to allow the protections for migrants from Nepal, Honduras and Nicaragua to expire.
Judge Strikes Down California’s Ban on Masks for Federal Agents
But the state can require federal agents to display identification, the judge said. The Trump administration had asked the court to block both laws.
Electric Cars Are Making It Easier To Breathe, Study Finds
An anonymous reader shares a report: It turns out that when fewer cars spew exhaust as they drive along, air quality improves. That's the conclusion of a new study published in The Lancet Planetary Health that looked at the effect of increased numbers of both EVs and plug-in hybrids on air pollution in California. The Golden State has by far the largest number of plug-in vehicles in the United States, and they've now reached significant numbers to have a positive impact on air quality.
Between 2019 and 2023, for every 200 EVs or plug-in hybrids added, nitrogen dioxide (NO2) levels dropped 1.1%, according to the study, which used satellite data to track those levels through the unique way NO2 absorbs and reflects sunlight. NO2 can trigger asthma attacks, cause bronchitis, and increase the risk of heart disease and stroke.
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A Campaign to Revoke the Endangerment Finding Appears Near ‘Total Victory’
A small group of conservative activists has worked for 16 years to stop all government efforts to fight climate change. Their efforts seem poised to pay off.
Trump Threatens to Block Opening of Gordie Howe International Bridge to Canada
The Gordie Howe International Bridge, expected to open early this year, was built by Canada to ease cargo transport between Detroit and Windsor, Ontario.
Trump Administration Abandons Steve Bannon Conviction
The longtime Trump ally served four months in prison on contempt of Congress charges for refusing to testify to the House committee that investigated the Jan. 6, 2021, attack on the Capitol.
Kalshi Prediction Markets Match or Beat Traditional Forecasting Tools For Macro Indicators, NBER Study Finds
A new NBER working paper from researchers at the Federal Reserve, Northwestern's Kellogg School and Johns Hopkins finds that Kalshi -- the largest federally regulated prediction market in the U.S., overseen by the CFTC -- produces macroeconomic forecasts that match or beat those of professional forecasters and traditional financial instruments like fed funds futures.
The study compared Kalshi-implied forecasts for the federal funds rate, CPI inflation and unemployment against the New York Fed's Survey of Market Expectations and Bloomberg consensus. Kalshi's modal forecast correctly predicted the federal funds rate on the day before every FOMC meeting since 2022, something neither the survey nor fed funds futures achieved. For headline CPI, Kalshi's median and mode produced a statistically significant improvement over Bloomberg consensus.
Kalshi also fills a gap no other financial market covers: real-time probability distributions for GDP growth, core CPI, unemployment, and payrolls. The paper documented how these distributions shift in response to macro news -- positive CPI surprises moved the mean of the fed funds rate distribution four times more than negative ones. Trading volumes on the platform have grown to nearly 100 million contracts for a single FOMC meeting, supported by liquidity from Susquehanna, Citadel, and Two Sigma.
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Maxwell Refuses to Answer Questions About Epstein Crimes in House Deposition
Ghislaine Maxwell, the longtime companion of the convicted sex offender Jeffrey Epstein, invoked her right against self-incrimination in an Oversight Committee deposition.
Here’s What a Warm Night Looks Like for Homeless New Yorkers
As weekend temperatures fell into the single digits, New York City operated 65 warming centers where people could find cots, chairs and a respite from the cold.
A Gray Wolf’s Visit to Los Angeles County Is a First in Nearly a Century
The wolf, known as BEY03F, roamed more than 500 miles from Northern California, signaling that the species continues to rebound after being wiped out in the state in the 1920s.
Savannah Guthrie Says She Believes Her Mom, Nancy, ‘Is Still Out There’ in New Video
The television host pleaded for the public’s help in finding her mother, Nancy, who disappeared from her Arizona home last week. “We are at an hour of desperation,” she said.
U.S. Archbishop Fulton J. Sheen to Be Beatified, One Step Away From Sainthood
The move involving Archbishop Fulton J. Sheen, who hosted a popular midcentury radio and TV show and died in 1979, ends a six-year delay.
N.Y.C. Social Services Chief Resigns After Losing Mamdani’s Favor
Molly Wasow Park, a holdover from the Eric Adams administration, said her resignation was unrelated to the recent wave of cold-related deaths in New York City.
San Francisco Teachers Begin Strike, Closing School for 50,000 Students
The strike closed public schools for more than 50,000 students in the city and had no end date. Health care costs are a key issue in negotiations.
How Laura Loomer and a Sheriff Upended G.O.P. Plans for the N.Y. Ticket
Bruce Blakeman, the likely Republican candidate for governor of New York, had decided on his running mate, but things quickly got complicated.
In the New Jersey Primary, ‘Abolish ICE’ Looks Like a Winning Message
Trump has thrust us into a new political world, and Democratic voters want leaders who can adapt.
Newly Unbound, Trump Weighs More Nuclear Arms and Underground Tests
It remains to be seen whether the three big nuclear powers are headed into a new arms race, or whether President Trump is trying to spur negotiations on a new accord now that a last Cold War treaty has expired.
The Latest Victim of a Snowless West: Dog Sledding
Organizers of the Idaho Sled Dog Challenge said they would no longer hold a major competition after snow conditions forced its cancellation for a third straight year.
Ilia Malinin, Who Led the U.S. to Gold, Is Bringing Ice Skating Back Into the Limelight
Ilia Malinin, who led the United States to a team gold medal at the Winter Olympics and will now vie for his own, is testing the physical limits of what is possible on the ice.