Economix Blog: Bernanke Defends Stimulus as Necessary and Effective

The Federal Reserve’s chairman, Ben S. Bernanke, picked an unusual time to offer his most recent defense of the Fed’s campaign to stimulate the economy: 7 p.m. on a Friday night in San Francisco, 10 p.m. back home on the East Coast.The basic message was the same as Mr. Bernanke delivered to Congress earlier this week: The Fed regards its current efforts as necessary and effective, and the risks, while...

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Malaysia Said to Open Fire on Armed Filipinos

MANILA — Shots have been fired in a tense standoff between a group of armed Filipinos and Malaysian police officer who have them surrounded in a remote northeast area of Malaysia, a Philippine presidential spokesman said Friday. The group, which is occupying an isolated village in attempt to revive a historical claim to the area, tried early Friday morning to breach the perimeter established...

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Jane C. Wright, Pioneering Oncologist, Dies at 93

Dr. Jane C. Wright, a pioneering oncologist who helped elevate chemotherapy from a last resort for cancer patients to an often viable treatment option, died on Feb. 19 at her home in Guttenberg, N.J. She was 93. Her death was confirmed by her daughter Jane Jones, who said her mother had dementia. Dr. Wright descended from a distinguished medical family that defied racial barriers in...

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F-35 Jets Returned to Service by Pentagon

The Pentagon lifted its grounding of the new F-35 jet fighter on Thursday after concluding that a turbine blade had cracked on a single plane after it was overused in test operations. The office that runs the program said no other cracks were found in inspections of the other engines made so far, and no engine redesign was needed. It said the engine in which the blade cracked was...

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India Ink: India’s Slowing Economy Forces Budget Decisions

NEW DELHI — Not too long ago, when India’s economy was roaring amid predictions of high growth rates for years to come, the finance minister could be forgiven for strutting during budget week. He got to march into India’s Parliament with the ceremonial briefcase bearing a budget stuffed with goodies. But on Thursday, when the current finance minister, Palaniappan Chidambaram, arrives in Parliament,...

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Knicks overcome Curry's 54 to beat Warriors

NEW YORK (AP) — Stephen Curry rose for another jumper, and by then even the Knicks probably figured it would go in.Curry had hardly missed in a scintillating second half of the NBA's most electric performance this season, the crowd cheering even before the ball left his hands.This time, Raymond Felton jumped with him, making the play New York needed to finally withstand Curry.Felton's blocked shot...

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Well: Think Like a Doctor: The Man Who Wobbled

The Challenge: Can you solve the medical mystery of a man who suddenly becomes too dizzy to walk?Every month, the Diagnosis column of The New York Times Magazine asks Well readers to try their hand at solving a medical mystery. Below you will find the story of a 56-year-old factory worker with dizziness and panic attacks. I have provided records from his two hospital visits that will give you all...

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Boeing Shows Dreamliner Battery Plan to Japanese Government

TOKYO — Boeing on Thursday presented the Japanese government with its plan to address battery problems on its new 787 Dreamliner, stressing that added protections against possible battery fires and overheating are more than enough to allow its planes back in the air. Japanese investigators, however, have maintained that there is still not enough evidence to show that the batteries themselves...

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India Ink: A Difficult Budget Balancing Act for India

India’s fiscal budget will be announced on Thursday amid slowing economic growth, soaring inflation, a growing fiscal deficit and flagging investor confidence. But with national elections only a year away, analysts fear that instead of cutting the deficit, the government will buckle under political pressure and increase spending on social programs.“As the country is going into an election period,...

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Mbakwe, Minnesota take down No. 1 Indiana 77-73

MINNEAPOLIS (AP) — Indiana was starting to settle in again at No. 1 after weeks of shuffling at the top of the national rankings in this wildly unpredictable season of college basketball.Trevor Mbakwe and Minnesota stepped forward, flexed their muscles and did their best to push the Hoosiers out.Mbakwe had 21 points and 12 rebounds to help the Gophers take down top-ranked Indiana 77-73 on Tuesday...

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