Elections

Israel negotiators are reported to be considering the release of high-profile Palestinians convicted of terrorism in exchange for freedom for some of the hostages in Gaza.Israeli negotiators have offered a significant concession in cease-fire talks with Hamas, signaling that they might be open to releasing high-profile Palestinians jailed on terrorism charges in exchange for some Israeli hostages still being held in the Gaza Strip, according to two officials with knowledge of the talks.President Biden said Monday that he believed negotiators were nearing an agreement that would halt Israel’s military operations in Gaza within a week, though earlier in the day, the Israeli prime minister, Benjamin Netanyahu, was still talking about further military action.Mr. Netanyahu said that the Israeli military had presented a plan to the war cabinet to evacuate civilians from “areas of fighting” in Gaza. He appeared to be speaking of Israel’s long-expected invasion of Rafah, the southern city where more than half of Gaza’s population is sheltering, many in makeshift tents.Mr. Netanyahu did not disclose any details of the evacuation plan, and it was not clear whether he was using the prospect of an invasion as a cudgel to gain leverage in the negotiations. On Sunday, he said an invasion could be “delayed somewhat” if Hamas agreed to release Israeli hostages.Many countries and international aid groups have warned that an invasion of Rafah could lead to mass casualties on top of the nearly 30,000 Gazans who, according to the territory’s health officials, have already been killed in the war.Speaking with reporters in New York on Monday, Mr. Biden sounded optimistic about a deal to pause the fighting. “We’re close,” he said. “We’re not done yet. My hope is by next Monday, we’ll have a cease-fire.”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

The decision means the club will lose six points in the standings, not 10, potentially helping it to stay in the division and to remain financially viable.Everton, a storied English soccer club trying to weather a serious financial storm, secured a modest victory on Monday when a record penalty that had sent it to the bottom of the Premier League standings was reduced on appeal.Everton’s original penalty, a 10-point deduction for financial rules violations, was reduced to six points, lifting its chances of staying in the division — and of retaining access to the tens of millions of dollars in annual revenues that a place in the Premier League brings.The successful appeal immediately lifted Everton to 15th place in the standings and eased the club’s fears of relegation and potential financial ruin. The reprieve, however, might be short-lived.The Premier League in January announced that Everton and Nottingham Forest, another club at risk of relegation, faced additional charges of breaching cost-control regulations. If the teams are found guilty, the new case will almost certainly lead to another points deduction.Everton, a founding member of the Premier League, has in recent years become a symbol for poor management and financial risk-taking. Crippled by expensive contracts and the cost of constructing a new stadium, the club faces debts of about $1 billion and continues to require regular infusions of millions of dollars in external financing to keep its operations running.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

Pandemic disruptions may have muddled the measurement of home prices in government data. That could complicate the Fed’s course on interest rates.The Federal Reserve may have a housing problem. At the very least, it has a housing riddle.Overall inflation has eased substantially over the past year. But housing has proved a tenacious — and surprising — exception. The cost of shelter was up 6 percent in January from a year earlier, and rose faster on a monthly basis than in December, according to the Labor Department. That acceleration was a big reason for the pickup in overall consumer prices last month.The persistence of housing inflation poses a problem for Fed officials as they consider when to roll back interest rates. Housing is by far the biggest monthly expense for most families, which means it weighs heavily on inflation calculations. Unless housing costs cool, it will be hard for inflation as a whole to return sustainably to the central bank’s target of 2 percent.“If you want to know where inflation is going, you need to know where housing inflation is going,” said Mark Franceski, managing director at Zelman & Associates, a housing research firm. Housing inflation, he added, “is not slowing at the rate that we expected or anyone expected.”Those expectations were based on private-sector data from real estate websites like Zillow and Apartment List and other private companies showing that rents have barely been rising recently and have been falling outright in some markets.For home buyers, the combination of rising prices and high interest rates has made housing increasingly unaffordable. Many existing homeowners, on the other hand, have been partly insulated from rising prices because they have fixed-rate mortgages with payments that don’t change from month to month.Housing prices and mortgage rates don’t directly show up in inflation data, however. That’s because buying a home is an investment, not just a consumer purchase like groceries. Instead, inflation data is based on rents. And with private data showing rents moderating, economists have been looking for the slowdown to appear in the government’s data, as well.The Housing ConundrumHousing costs, as measured in the Consumer Price Index, are still rising faster than before the pandemic, even as overall inflation has eased.

Source: Labor DepartmentBy The New York TimesA Wider GapAfter surging in 2021 and 2022, rent growth has moderated. But the slowdown has been more gradual for single-family homes than for apartments.

Notes: Data is shown as a 12-month change in a three-month moving average. “Houses” include both attached and detached single-family homes.Source: ZillowBy The New York TimesWe 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

Rita Bullwinkel’s debut novel, “Headshot,” spotlights eight boxers in a national tournament and the struggles of their inner lives.HEADSHOT, by Rita BullwinkelIt takes focus and discipline and a certain single-mindedness to become a good prize fighter. It takes those same qualities to write a book as fresh and strong and sinuous as “Headshot,” Rita Bullwinkel’s first novel, which is set in the world of young women’s boxing. To put this another way: Make room, American fiction, for a meaningful new voice.The young women in “Headshot” have driven a long way, many of them, to Reno for a national 18-and-under championship. Some have slept in their cars. The novel follows eight of these boxers, fight by fight from the semifinals on, in chapters divided into short sections. The event is at Bob’s Boxing Palace, a grandiose name for a cheerless warehouse. Its ring looks secondhand, as if it were bartered for on Craigslist, the author writes.To remark that Bullwinkel is observant about Reno and its casinos would be an understatement. “The people are like moths being lured to their own deaths, but instead of death all that awaits them are large, plastic, alcoholic slurpees,” she writes, an oddly incisive description of the American experience writ large. She is just as shrewd about the second-rate referees, one of whom resembles “a hated magistrate trying to give a speech to the masses during a time of war.” Whatever she turns her attention to glows under her scrutiny.A tournament bracket turned on its side, Bullwinkel notices, resembles a family tree, though almost none of these boxers are related. Some are still girls, really. But without straining, the author locates commonalities. Few are from stable families. They are flowers that bloomed in muddy vases. Several were the kind of children “who were made to believe by other children that they may not deserve to be alive.” They have something to prove, even if only here in “the abyss of boxing.”These women revel in their toned bodies, radiant with heat. A black eye is likened to war paint. A vein slithers like a baby snake under the skin. A left hook to the side makes sweat pop “like a shower of diamonds.” This is kinetic writing, but it would mean little without this novel’s undertow of human feeling and the rapt attention it pays to life’s bottom dogs, young women who are short on sophistication but long on motivation.The tournament bracket provides this novel’s scaffolding, each chapter a bout. We witness the boxers’ different styles and their variegated interior monologues. One mutters and grunts through her fights, the way Erroll Garner did under his piano riffs. Others walk in with all guns blazing.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

President Biden is planning to make a rare visit to the southern border on Thursday, according to two people briefed on the plans, traveling to Brownsville, Texas, on the same day that former President Donald J. Trump has already scheduled a border trip.The plans underscore the urgency now propelling the Biden team on immigration, which has become one of his most serious political liabilities. Under the Biden administration, record numbers of migrants have crossed the southern border — a fact that Mr. Trump and Republicans have wielded aggressively against Mr. Biden.A majority of Americans disapprove of Mr. Biden’s job performance, and polls show that the president’s detractors cite immigration more than any other policy issue when assessing him.On his Thursday trip to Brownsville, Mr. Biden plans to meet with Border Patrol, law enforcement and local officials, according to a person briefed on the matter.Mr. Trump will visit Eagle Pass in Texas on Thursday. CNN was the first to report his planned trip last week. On the trip, Mr. Trump plans to deliver remarks from the border to highlight the immigration crisis and lay blame at the feet of Mr. Biden, according to a person close to Mr. Trump who was not authorized to discuss the plans publicly.Mr. Trump is expected to highlight crimes committed by migrants in New York and in other cities, as well as the arrest of a Venezuelan undocumented immigrant in the recent high-profile killing of a 22-year-old nursing student in Georgia, the person added. More

The privately built American spacecraft’s ability to send home images and other data has been limited by its sideways landing. On another part of the moon, a Japanese spacecraft woke up.Odysseus, the American robotic spacecraft that landed on the moon last week, is likely to die in the next day or so.Communications with the toppled lander remain limited and will end when sunlight is no longer shining on the solar panels, Intuitive Machines, the Houston-based company that built and operates Odysseus, said on Monday morning.The company also released images that the spacecraft took as it descended, but none yet from the surface.Odysseus is the first American spacecraft to land on the moon since Apollo 17 in 1972, and the first private one ever to successfully set down there in one piece. However, during the landing on Thursday evening, the lander, about 14 feet tall, appears to have been traveling faster than planned and ended up tipped over on its side.As a result, its antennas are not pointed back at Earth, greatly slowing the rate that data can be sent back. While some of the solar panels of Odysseus were initially bathed in sunlight, they will soon be in shadow as the sun moves across the sky. That will starve the spacecraft of energy, and its batteries will drain.“Flight controllers intend to collect data until the lander’s solar panels are no longer exposed to light,” Intuitive Machines posted on X. “Based on Earth and Moon positioning, we believe flight controllers will continue to communicate with Odysseus until Tuesday morning.”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

Liberals prodded the president for years to blame big corporations for price increases. He is finally doing so, in the grocery aisle.On Super Bowl Sunday, the White House released a short video in which a smiling President Biden, sitting next to a table stocked with chips, cookies and sports drinks, slammed companies for reducing the package size and portions of popular foods without an accompanying reduction in price.“I’ve had enough of what they call shrinkflation,” Mr. Biden declared.The video lit up social media and delighted a consumer advocate named Edgar Dworsky, who has studied “shrinkflation” trends for more than a decade. He has twice briefed Mr. Biden’s economic aides, first in early 2023 and again a few days before the video aired. The first briefing seemed to lead nowhere. The second clearly informed Mr. Biden’s new favorite economic argument — that companies have used a rapid run-up in prices to pad their pockets by keeping those prices high while giving consumers less.The products arrayed in the president’s video, like Oreos and Wheat Thins, were all examples of the shrinkflation that Mr. Dworsky had documented on his Consumer World website.While inflation is moderating, shoppers remain furious over the high price of groceries. Mr. Biden, who has seen his approval ratings suffer amid rising prices, has found a blame-shifting message he loves in the midst of his re-election campaign: skewering companies for shrinking the size of candy bars, ice cream cartons and other food items, while raising prices or holding them steady, even as the companies’ profit margins remain high.The president has begun accusing companies of “ripping off” Americans with those tactics and is considering new executive actions to crack down on the practice, administration officials and other allies say, though they will not specify the steps he might take. He is also likely to criticize shrinkflation during his State of the Union address next week.Mr. Biden could also embrace new legislation seeking to empower the Federal Trade Commission to more aggressively investigate and punish corporate price gouging, including in grocery stories.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

Dr. Ruth Gottesman, a longtime professor at the Albert Einstein College of Medicine, is making free tuition available to all students going forward.The 93-year-old widow of a Wall Street financier has donated $1 billion to a Bronx medical school, the Albert Einstein College of Medicine, with instructions that the gift be used to cover tuition for all students going forward.The donor, Dr. Ruth Gottesman, is a former professor at Einstein, where she studied learning disabilities, developed a screening test and ran literacy programs. It is one of the largest charitable donations to an educational institution in the United States and most likely the largest to a medical school.The fortune came from her late husband, David Gottesman, known as Sandy, who was a protégé of Warren Buffett and had made an early investment in Berkshire Hathaway, the conglomerate Mr. Buffett built.The donation is notable not only for its staggering size, but also because it is going to a medical institution in the Bronx, the city’s poorest borough. The Bronx has a high rate of premature deaths and ranks as the unhealthiest county in New York. Over the past generation, a number of billionaires have given hundreds of millions of dollars to better-known medical schools and hospitals in Manhattan, the city’s wealthiest borough.While her husband ran an investment firm, First Manhattan, Dr. Gottesman had a long career at Einstein, a well-regarded medical school, starting in 1968, when she took a job as director of psychoeducational services. She has long been on Einstein’s board of trustees and is currently the chair.In recent years, she has become close friends with Dr. Philip Ozuah, the pediatrician who oversees the medical college and its affiliated hospital, Montefiore Medical Center, as the chief executive officer of the health system. That friendship and trust loomed large as she contemplated what to do with the money her husband had left her.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