



Between 2000 and 2005, the last year in the study by the Guttmacher Institute, the number of abortions performed yearly dropped from 1.3 million to 1.2 million, the fewest since 1974...Read the rest of the article here.
...Almost two-thirds of the decline in the total number of abortions can be traced to eight jurisdictions with few or no abortion restrictions — New York, New Jersey, Massachusetts, Illinois, California, Oregon, Washington State and the District of Columbia. These are places, notes the Guttmacher Institute’s president, Sharon Camp, that have shown a commitment to real sex education, largely departing from the Bush administration’s abstinence-only approach. These jurisdictions also help women avoid unintended pregnancies by making contraception widely available.The lesson: prevention works. Restrictions on abortion serve mainly to hurt poor women by postponing abortions until later in pregnancy. While shifting social mores may change some people’s behavior, the best practical strategy for reducing abortions is to focus on helping women avoid unwanted pregnancies....
A French bank announced Thursday that it had lost $7.2 billion, not because of complex subprime loans, but the old-fashioned way — because a 31-year-old rogue trader made bad bets on stocks and then, in trying to cover up those losses, dug himself deeper into a hole.Read the rest of the article here.
Société Générale, one of France’s largest and most respected banks, said an unassuming midlevel employee who made about 100,000 euros ($147,000) a year — identified by others as Jérôme Kerviel — managed to evade multiple layers of computer controls and audits for as long as a year, stacking up 4.9 billion euros in losses for the bank...
For 15 years, United Nations talks aimed at fixing a faltering 1992 climate treaty have provided little drama. But at the latest session last month on the Indonesian island of Bali, Kevin Conrad, a young man representing one of the world’s least influential nations, Papua New Guinea, gained a worldwide spotlight as he faced down the sole superpower, the United States...Read the rest of the article here.
...After a long sequence of polite criticisms from developing countries over the sudden diplomatic logjam at the very end of two draining weeks, it was Mr. Conrad’s turn. “I would ask the United States, we ask for your leadership,” he said. “But if for some reason you’re not willing to lead, leave it to the rest of us. Please get out of the way.”
...It is understandable that Harvard and Yale want to make themselves more affordable. But the way they’re going about it sets an example that is likely to make it even harder for low-income students to attend the best college for which they are qualified. Harvard’s stated motive is to stop prospective students from “voting with their feet” by choosing public universities or other private colleges. But surely this is not a very serious problem for a university that each year turns away hundreds of high school valedictorians and whose yield (the percentage of admitted applicants who enroll) is around 80 percent.Read the rest of his argument here.At Yale, Mr. Levin has acknowledged that another motive for the new policy is to blunt the growing pressure on wealthy universities to spend more income from their endowments. But is supporting upper-middle-class students the wisest way to dispense the additional money?
"'It’s a once-in-a-generation event,' said Mark Zandi, chief economist at Moody’s Economy.com. In recent years, the Fed has rarely acted between scheduled meetings of the committee, and almost always in increments of one-quarter or one-half point. It was the biggest short-term cut since October 1984."Read the rest of the article here.
"It’s not a pipeline problem. It’s about loneliness, competition and deeply rooted barriers." Read more in the NYT .