Elections

Una investigación concluyó que el mandatario era “bienintencionado” pero tenía “mala memoria”. El presidente salió a ofrecer declaraciones en un intento por realizar control de daños políticos.La decisión del jueves de no presentar cargos penales contra el presidente Joe Biden por mal manejo de documentos clasificados debió haber sido una exoneración legal inequívoca.En su lugar, fue un desastre político.La investigación, sobre el manejo de los documentos por parte de Biden después de ser vicepresidente, concluyó que era un “hombre bienintencionado de avanzada edad con una mala memoria” y que tenía “facultades disminuidas en la edad avanzada”, afirmaciones tan sorprendentes que pocas horas después motivaron un enérgico y emotivo intento de control de daños políticos por parte del presidente.The president defended his ability to serve when questioned by reporters on his memory and age during a news conference, hours after a special counsel cleared him of criminal charges in the handling of classified documents.Pete Marovich for The New York TimesLa noche del jueves, hablando a las cámaras desde la Sala de Recepciones Diplomáticas de la Casa Blanca, Biden arremetió contra el informe de Robert K. Hur, el fiscal especial, acusando a los autores del informe de “comentarios irrelevantes” sobre su edad y capacidad mental.“No saben de lo que están hablando”, dijo rotundamente el presidente.Biden pareció objetar especialmente la afirmación incluida en el informe de que durante las entrevistas con los investigadores del FBI no pudo recordar en qué año murió su hijo Beau.“¿Cómo diablos se atreve a mencionar eso?”, dijo el presidente, mientras parecía contener las lágrimas. “Cada Día de los caídos hacemos un servicio para recordarlo al que asisten amigos y familiares y la gente que lo amaba. No necesito a nadie, no necesito a nadie que me recuerde cuándo falleció”.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 company has stopped making contributions to 401(k) accounts, and instead giving workers cash credits in a new version of its old pension plan.Traditional pension plans haven’t come back. But the news from IBM might lead you to think so.Last month, IBM thawed out a defined benefit pension plan that it had froze more than 15 years ago. The company has also stopped making contributions into employee 401(k) accounts.These moves are startling, because, on the surface, at least, IBM seems to be reversing a decades-long trend of corporations moving away from traditional pension plans. With the old plans, companies promised to pay employees retirement income that rewarded them for long years of service. But these plans were expensive, and IBM and hundreds of other firms instead began to emphasize 401(k)s that moved the primary responsibility for saving and investing to workers. IBM’s new approach is significant because the company has been a leader in employee benefit policymaking. What it is doing now is no simple return to the classic cradle-to-grave benefits system. In fact, IBM’s new pension plan isn’t nearly as generous to long-tenured employees compared with its predecessor.The move has real advantages for some people who work at IBM, particularly those who put little or no money of their own into 401(k)s and who stay at the company for a relatively short while.Crucially, IBM’s maneuver is likely to be wonderful for its shareholders. The company is saving hundreds of millions of dollars a year by stopping contributions to employee 401(k) accounts. And it doesn’t need to put any money into the pension plan this year — and, probably, for the next few years — because it has plenty of money already in it. On a purely financial standpoint, IBM is improving its cash flow and bottom line.For a small but important subset of companies — those with fully funded, closed or frozen pension plans — IBM’s move could be a harbinger of things to come, pension consultants say. IBM is using a surplus in its pension fund to simultaneously change its employee benefits package and help the company’s finances.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

All sorts of spans can hold fascination, making geographic connections and, often, personal ones, too.It’s Friday. Californians share their favorite bridges. Plus, Southern California’s oldest bookstore is looking for a buyer.Highway 1 crosses the Bixby Bridge in Big Sur.Drew Kelly for The New York TimesI moved to San Francisco from Los Angeles just over a year ago, and one thing that still marks me as a newcomer is how much I delight in crossing bridges in the Bay Area.During my first trip over the Carquinez Bridge on Interstate 80 recently, I was taken with the industrial steel span and what it crossed: the wide expanse of water known as the Carquinez Strait, which separates Contra Costa and Solano counties.That a bridge allows me to depart one county and enter another in midair seems truly magical, as anyone who has recently ridden in a car with me has heard me carry on about.Readers have been sending me emails about their favorite bridges in California, including the most iconic ones, like the Bixby Bridge on Highway 1 in Big Sur, the Colorado Street Bridge in Pasadena and, of course, the Golden Gate.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

But many companies are spurning the “clunky” legal requirements for accounts linked to retirement plans. Instead, some have stand-alone rainy day offerings.Starting this year, a federal law allows employers to enroll workers in emergency savings accounts that are linked to their retirement accounts. But some companies, put off by the law’s complex rules, have begun offering rainy day benefits outside workplace retirement plans.“I do think there is tremendous interest in emergency savings programs,” said Matt Bahl, vice president and head of workplace financial health at the Financial Health Network, a nonprofit that promotes financial well-being. “Having access to liquid cash can greatly reduce levels of financial stress.”The Employee Benefit Research Institute, a nonprofit, found that about three-fourths of large employers (those with 500 or more workers) offered or planned to offer hardship or emergency assistance programs to workers last year. Of those, about a third said they offered an emergency savings account feature and another third planned to do so in the next year or two.But while the law, known as Secure 2.0, has helped draw attention to the need for rainy day savings, its rules for setting up emergency accounts within retirement plans are “clunky,” Mr. Bahl said. For instance, only workers making under a certain income limit ($155,000 for 2024) may participate, and their emergency savings are limited to $2,500, though employers can set lower ceilings. And though employers can help with contributions, they must deposit any match into the worker’s retirement account — not the emergency savings account.While employers may eventually choose to offer such “sidecar” savings accounts, stand-alone emergency savings programs are already available from financial technology start-ups and established retirement plan administrators. With emergency savings offerings, “it’s really important to be broadly available and simple to use,” said Emily Kolle, a vice president who oversees the emergency savings offering from Fidelity Investments, one of the largest retirement plan administrators.Emergency savings — a cash cushion available in the event of a job loss or surprise expenses like car repairs or medical bills — are a concern for many Americans. In a recent survey by the financial site Bankrate, about a third said they would have to borrow to cover a $1,000 unexpected expense. And almost a quarter of consumers have no savings set aside for emergencies, according to the Consumer Financial Protection Bureau.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

As Gen. Oleksandr Syrsky assumes his role, he must reckon with a grim calculus: When does the cost of defending ground outweigh any benefit gained by inflicting pain on the enemy?Russian forces are razing the already battered city of Avdiivka in eastern Ukraine to the ground and sending waves of assault units to overwhelm outgunned Ukrainian troops. After months of brutal fighting, the Russian military is threatening to cut off a vital supply line to the city, which could render further defense impossible.As Gen. Oleksandr Syrsky assumes his role as Ukraine’s top military commander — after a broad shake-up of army leadership on Thursday — he could soon be confronted again with the grim calculus that has been a feature of the two-year war: When does the cost of defending ground outweigh any benefit gained by inflicting pain on the enemy?It is a bloody equation that General Syrsky has had to try to work out many times as the commander of ground forces in eastern Ukraine, and it is one that critics — including American military officials — contend he has not always gotten right, particularly in the battle for Bakhmut.Assessing that strategy will be only part of the “renewal” that President Volodymyr Zelensky said was necessary when he dismissed his commanding general, Valery Zaluzhny, on Thursday and named General Syrsky to replace him. Mr. Zelensky also named five generals and two colonels he intends to promote as part of the sweeping overhaul.Ukraine’s military challenges go well beyond any single battle. American assistance, urgently needed, remains in doubt. Ukrainian troops are exhausted, and they lack weapons and ammunition. Air defense systems, crucial to protecting civilians from Russian missiles, are being steadily exhausted by repeated bombardments.Ukrainian soldiers from the 72nd Mechanized Brigade in Vuhledar, eastern Ukraine, last month.Tyler Hicks/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

The climate-focused Inflation Reduction Act is popular with businesses. But its cost is expected to double over the next decade, and its outlook is uncertain.The Inflation Reduction Act is popular with business, and that’s adding to its cost.Kenny Holston/The New York TimesThe costs, and the benefits, of the I.R.A.In the past 24 hours, President Biden has taken questions (and heat) on his age, memory and mental fitness. But the one economic issue that is most likely to generate scrutiny from the business community and beyond over the next several months is the biggest bill he has passed, the Inflation Reduction Act, which he hailed at his news conference last night.Big questions still hang over the law, which many Americans appear not to know exists. How much will it add to the federal deficit? And can the law survive a potential Trump second term?The I.R.A. is expected to cost more than $800 billion through 2033, the Congressional Budget Office said, up from the $391 billion price tag assessed when it was passed in 2022.One reason: There’s huge demand for the credits and subsidies created by the law for building solar, hydrogen and nuclear energy projects, as well as discounts for buying electric vehicles. (An analysis by Goldman Sachs last fall showed that the law led to about $282 billion in investment and roughly 175,000 jobs in its first year.)The green transition won’t come cheap. The I.R.A., which aims for steep emissions cuts, is expected to add $250 billion more to the deficit than initially forecast, according to the C.B.O., despite cost-saving promises by the White House.That said, the math isn’t set in stone. The Treasury Department forecast this week that additional tax-collection resources provided by the I.R.A. would help the I.R.S. gather up to $851 billion more in tax revenue over the next decade. That raises the question of whether this is actually a deficit-paring law.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

Most Americans believe asbestos is already banned, but it’s still killing people, according to a disease awareness group with a new billboard in Times Square.Good morning. Today we’ll look at how a group pushing for a federal ban on asbestos teamed up with a firefighters’ union to promote its cause in an eye-catching way. We’ll also find out the results of a state audit of Kendra’s Law, a treatment program for mentally ill people at risk of becoming violent.Dave Sanders for The New York TimesIt is an unusually serious message for a giant screen in Times Square: “Ban asbestos now.”Those words are appearing four times an hour in an ad for the Asbestos Disease Awareness Organization, which says that most Americans believe asbestos has been banned for more than 30 years. In fact, a federal appeals court, in 1991, overturned the Environmental Protection Agency’s attempt to prohibit most uses of asbestos.Asbestos, long linked to lung cancer and mesothelioma, has been used less widely in recent years, in part because of liability concerns.But the disease awareness group says that more than 300 tons of it came into the country last year. The group has been campaigning for a federal ban on such imports and has joined with the International Association of Fire Fighters, the largest union of firefighters and paramedics in the United States, to create the billboard ads.“We’re hoping to spark curiosity, and, by raising awareness, prevent exposure to asbestos,” said Linda Reinstein, the president of the disease awareness group.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

Christina Iverson offers solvers a challenging Friday puzzle.Jump to: Tricky CluesFRIDAY PUZZLE — As I like to say, some days you get the puzzle, and some days the puzzle gets you. This is especially true of Friday crosswords, because the work that goes into solving is much harder. There’s no theme to lean on, the vocabulary may be tougher, and the clues are written to send the solver off on wild goose chases.But that’s what I love about the Friday puzzles. They’re exhilarating. Solving them is the closest I will ever come to walking a high wire, mainly because I am a chicken about heights.Still, I am beaten by the puzzles sometimes, even after years of practice. At first, I made very little headway on Christina Iverson’s excellent puzzle. It was a bit distressing, but I used a well-known, tried-and-true technique for breaking through my puzzle block: I put it down and walked away from it.Task avoidance may not seem like an especially efficient way to solve a puzzle, but it does the job, as long as you come back to the crossword eventually. I’m not sure exactly how this works, but when you return to the puzzle, you see it differently. You may be able to solve clues that stymied you before. Do the avoidance thing a few times, learn some of the tips from our solving guide, and you may find that you’ve conquered one of the hardest New York Times Crosswords of the week.It’s worth it, in my opinion. If you don’t at least try the late-week puzzles, you’re missing out on some excellent clues and entries. For me, admiring and sometimes giggling at the crossword shenanigans is what makes solving fun.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