Investments and Business

Martin Guzman was a college freshman at La Universidad Nacional de La Plata, Argentina, in 2001 when a debt crisis prompted default, riots and a devastating depression. A dazed middle class suffered ruin, as the International Monetary Fund insisted that the government make misery-inducing budget cuts in exchange for a bailout.Watching Argentina unravel inspired Mr. Guzman to switch majors and study economics. Nearly two decades later, when the government was again bankrupt, it was Mr. Guzman as finance minister who negotiated with I.M.F. officials to restructure a $44 billion debt, the result of an earlier ill-conceived bailout.Today he is one…

William G. Connolly, who over a long career as an editor at The New York Times raised its journalistic standards, opened new opportunities for a more diverse range of employees and in 1999 brought that experience to bear in a wholesale revision of the newspaper’s venerable style guidebook, died on Tuesday in Maplewood, N.J. He was 86.His daughter, Kathleen, confirmed the death. He was in a rehabilitation facility recovering from a fall, she said.After more than 20 years at The Times — minus a few in the early 1980s, when he left to work at a Virginia paper — Mr.…

Inflation data released on Tuesday showed that price increases remained moderate in November, the latest sign that inflation has cooled substantially from its June 2022 peak. That’s likely to keep the Federal Reserve on track to leave interest rates unchanged at its final meeting of the year, which takes place this week.The Consumer Price Index came out just hours before the Fed began its two-day gathering, which will conclude with the release of an interest rate decision and a fresh set of quarterly economic projections at 2 p.m. on Wednesday. Jerome H. Powell, the Fed chair, is then scheduled to…

The Nation, the progressive magazine that has published since 1865, will publish monthly instead of every other week starting in January.As part of the change, the magazine will now be a “bigger, richer” 84 pages, instead of the current 48 pages, Bhaskar Sunkara, the president of The Nation, said.D.D. Guttenplan, The Nation’s editor, and Katrina vanden Heuvel, its editorial director, said that the publication would continue to focus on long-form analysis and news from the political left. Ms. vanden Heuvel said that the staff was reconsidering the role the print magazine plays alongside the brand’s other products, including its website,…

Gov. Kathy Hochul of New York is expected to announce on Monday a plan to invest $1 billion to expand chip research activities in Albany, N.Y., as the state aims to continue as a global semiconductor center.The plan is expected to create 700 new permanent jobs and retain thousands more, and includes the purchase of new version of one of the world’s most expensive and sophisticated manufacturing machines, along with constructing a new building to house it.The initiative should draw $9 billion in additional investments from chip-related companies, according to state officials. They expect it to boost New York’s chances…

Here are lives at the intersection of fun and scary. One of my companions summed the whole experience up perfectly. He leaned back in his chair at dinner that night, shrimp taco in hand, “These are the kinds of experiences that give something back to you. They show you who you are in a whole new way.” These eight shots crystallize the hard work moms put into keeping their kids alive, happy, and healthy. They might give you the inspiration you need for filling out that card—or stand-alone for your mom’s interpretation.Bob Dyalon At the bottom of the mountain, my legs shaky,…