Aurelia Butler

Even though most Americans may see lower taxes, Republicans’ spending cuts could outweigh those benefits and leave some worse off.As Representative Jason Smith commenced a marathon session this week to consider a sprawling and expensive Republican tax package, he took special care to emphasize his party’s commitment to “hard-working Americans.”“Pro-growth tax policy will shift our economy toward one that serves them, not the wealthy and well-connected,” Mr. Smith, the Missouri lawmaker who leads the House’s top tax panel, proclaimed.But the proposal he is trying to get to President Trump’s desk ultimately tells a more complicated story. The Republican tax plan may offer only modest gains to everyday workers, according to a wide range of tax experts, and some taxpayers may actually be left in worse financial shape if the bill becomes law.The latest assessment arrived Friday from the Penn Wharton Budget Model, a nonpartisan scorekeeper closely watched on Capitol Hill. Economists found that many Americans who make less than $51,000 a year would see their after-tax income fall as a result of the Republican proposal beginning in 2026.The Penn Wharton estimate sought to analyze the full scope of the Republican tax package, computing the effects of the tax cuts as well as the plan to pay for them by slashing federal spending on other programs, including Medicaid and food stamps. Combined, those policies could fall disproportionately on the poorest, including those near or below the poverty line, the economists found.People making between about $51,000 and $17,000 could lose about $700 on average in after-tax income beginning in 2026, according to the analysis, when factoring in both wages and federal aid. That reduction would worsen over the next eight years. People reporting less than $17,000 in income would see a reduction closer to $1,000, on average, also increasing over time, a shortfall that underscores their reliance on federal benefits.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

Individuals and small businesses may end up bearing some of the cost of grid upgrades needed for large electricity users, a new report found.Individuals and small business have been paying more for power in recent years, and their electricity rates may climb higher still.That’s because the cost of the power plants, transmission lines and other equipment that utilities need to serve data centers, factories and other large users of electricity is likely to be spread to everybody who uses electricity, according to a new report.The report by Wood MacKenzie, an energy research firm, examined 20 large power users. In almost all of those cases, the firm found, the money that large energy users paid to electric utilities would not be enough to cover the cost of the equipment needed to serve them. The rest of the costs would be borne by other utility customers or the utility itself.The utilities “either need to socialize the cost to other ratepayers or absorb that cost — essentially, their shareholders would take the hit,” said Ben Hertz-Shargel, who is the global head of grid edge research for Wood MacKenzie.This is not a theoretical dilemma for utilities and the state officials who oversee their operations and approve or reject their rates. Electricity demand is expected to grow substantially over the next several decades as technology companies build large data centers for their artificial intelligence businesses. Electricity demand in some parts of the United States is expected to increase as much as 15 percent over just the next four years after several decades of little or no growth.The rapid increase in data centers, which use electricity to power computer servers and keep them cool, has strained many utilities. Demand is also growing because of new factories and the greater use of electric cars and electric heating and cooling.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

A new institution in the harbor of Rotterdam, the Netherlands, combines art and artifacts to underscore that migrant journeys are part of a universal human experience.More than a century ago, millions of people trying to escape poverty, persecution or war in Europe boarded ships in the harbor of Rotterdam, the Netherlands, for a trans-Atlantic journey to a new life.Today, people can enter a former warehouse there, climb a winding staircase and look out from a cantilevered viewing deck onto the spot where the ships carrying those people once set sail.This is Fenix, an art museum dedicated to the theme of migration that opens to the public on Friday. A once-derelict pier stockroom has been transformed into an expansive white-box art space and is crowned with a polished steel double-helix swirl that adds a distinctive architectural signature to Rotterdam’s skyline.“It’s all about movement,” said Wim Pijbes, the chairman of the foundation that runs the new museum. “It’s not genealogical, it’s not art historical, it’s not documentary. It’s a mix of objects: high art, low art, personal objects, video, film, photography, ceramics. It’s all there, like a symphony.”Unlike other migration museums in New York, London or Paris, which typically narrate specific histories of immigrants and refugees, Fenix takes a different, more wide-ranging, approach.Visitors first encounter two small exhibitions downstairs — one showcasing photojournalistic images and the other filled with thousands of battered suitcases — that underscore the idea that migration is an integral part of a universal human experience. The main exhibition, “All Directions,” installed in a 75,000-square-foot concrete and glass hall upstairs, displays fine art that either directly or obliquely makes reference to that experience.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

Questions about the credit for a famous photograph from the Vietnam War have divided the photojournalism community for months.The photo is indelible, and its importance unmistakable: a Vietnamese girl burned by napalm, naked and screaming, her arms outstretched in despair. It drove home the consequences of the Vietnam War to readers in the United States, where it won a Pulitzer Prize.But who took the photo, widely known as Napalm Girl? That is the question dividing the photojournalism community 53 years after it was taken.The image, from a road in the village of Trang Bang, Vietnam, has been credited to Nick Ut, a photographer who worked for The Associated Press. In the decades since, Mr. Ut has repeatedly talked publicly, in interviews and elsewhere, about his role in capturing the photo and his later friendship with its subject, Kim Phuc Phan Thi.Yet a documentary that premiered early this year, “The Stringer,” set off investigations into the creator of the image. The film argues that a freelance photographer took the image, and that an Associated Press photo editor misattributed it to Mr. Ut.On Friday, the World Press Photo Foundation, a prominent international nonprofit, weighed in. It said a monthslong investigation had found that two other photojournalists “may have been better positioned to take the photograph than Nick Ut.”Mr. Ut’s lawyer, James Hornstein, has repeatedly disputed the film’s claims and called them “defamatory.” He said in a statement that the World Press Photo decision was “deplorable and unprofessional” and “reveals how low the organization has fallen.” Mr. Hornstein declined to make Mr. Ut available for an interview.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

In the aftermath of the Los Angeles fires that destroyed thousands of homes and properties, many fire victims moved far away from Altadena and Pacific Palisades in a sudden diaspora that upended the two tight-knit communities in ways beyond the initial loss of property.Residents now living in rentals, with expenses that have ballooned, expressed frustration with school transfers, longer commutes to work and the overnight disappearance of yearslong relationships with their neighbors.Of those who had to move, more than half ended up in neighborhoods at least a half-hour’s drive away, according to more than 3,500 change of address records analyzed by The New York Times. A quarter left the Los Angeles metro area entirely, and most ended up living somewhere with higher population density than their original neighborhood. While the data doesn’t include every displaced person, the results provide a clearer picture of where the victims settled after several fires erupted amid high Santa Ana winds across Los Angeles in early January. More

The Danish drugmaker, which makes Ozempic and Wegovy, has seen its stock tumble as competition in the weight-loss drug market has grown fiercer.Novo Nordisk will replace its chief executive, Lars Fruergaard Jorgensen, the company announced Friday, citing a sharp decline in its stock price that stemmed from increased competition for its popular weight-loss drug.The Danish drugmaker said it was searching for a new chief executive to soon replace Mr. Jorgensen, who has led Novo Nordisk for eight years.The move reflects a remarkable fall in fortune for the maker of one of the most well-known drugs in the world, which is sold as Ozempic for diabetes and Wegovy for obesity. The company’s stock has fallen by 50 percent in the past year.

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Novo Nordisk’s share price
Source: FactSetBy The New York TimesSales of that drug created boom times for Novo Nordisk. In 2023, the company’s extraordinary success prompted the Danish central bank to keep interest rates lower than it otherwise would. For more than a year, Novo Nordisk’s market value surpassed Denmark’s entire gross domestic product.But investors have soured on the company as it has faced increasingly fierce competition. Lower-cost copycat versions of the weight-loss drugs made through a process known as compounding have cut into Novo Nordisk’s sales. Even more damaging has been competition from Eli Lilly, the maker of the drug sold as Mounjaro and Zepbound.Novo Nordisk had a head start, winning approval to market its drug for obesity more than two years before Eli Lilly. But Novo Nordisk has been rapidly losing market share to its competitor: American patients have filled more prescriptions this year for Zepbound than for Wegovy, and the gap has been widening, according to the industry data provider IQVIA.Eli Lilly is also developing new weight-loss drugs, including a daily pill, that are expected to set up years of blockbuster sales for the company. Novo Nordisk has a hazier path forward. More

The layoffs amounted to over a third of the media organization’s staff, and came as the Trump administration put up for sale the federal building in Washington that houses the network.The Trump administration on Thursday fired nearly 600 employees at Voice of America, a federally funded news network that provides independent reporting to countries with limited press freedoms.The layoffs targeted contractors, most of them journalists but also some administrative employees, and amounted to over a third of Voice of America’s staff. They signaled that the Trump administration planned to continue its efforts to dismantle the broadcaster despite a court ruling last month that ordered the federal government to maintain robust news programming at the network, which President Trump has called “the voice of radical America.”In another sign of the Trump administration’s hostility toward the broadcaster, the federal building in Washington that houses the media organization was put up for sale on Thursday.Michael Abramowitz, the director of Voice of America, said in an email to his staff on Thursday that the firings were “inexplicable.”“I am heartbroken,” he said. Mr. Abramowitz has sued to stop the Trump administration from closing the news organization.Kari Lake, a senior adviser at the U.S. Agency for Global Media, which oversees Voice of America, said that the Trump administration had acted within its legal authority.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

August Lee-Kovach opens our solving weekend.Jump to: Tricky CluesFRIDAY PUZZLE — August Lee-Kovach is building a good name for himself as a constructor of late-week puzzles.This is his fifth grid in The New York Times, and his first Friday puzzle. Mr. Lee-Kovach has had a Saturday crossword published already, which means that he has some experience with themeless grids. It shows: He packs his puzzle with some lively nine-letter stacks, and while there are a couple of speed bumps, I found it to be a fun tug of war between me as solver and Mr. Lee-Kovach as puzzle maker.Tricky Clues1A. [One shooting for the stars?] sounds as if we are supposed to be thinking of a person, but the “one” in the clue is a SPACESHIP.19A. I needed help for this one, but I’m proud to say that I still have enough brain cells left to recognize that [The “1” in 3-1-4, say] is a sports clue. The answer is LOSS, as in wins, losses and ties.48A./45D. These near-twin clues — ([It/They might grab a bite to eat]) — are somewhat grizzly. The “it” at 48A is TALON, as in the claws of a bird grabbing its prey, and the “they” at 45D are MOLARS, as in one’s back teeth. And now for a question from the Department of Pedantic Arguments: Don’t we bite food with our front teeth, and then transfer the food to the MOLARS to be chewed? No judgment if you do it the other way, of course. The department was just wondering.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More