Wealth Matters: As End of Gift Tax Exemption Nears, Ways to Use It Proliferate

Fred R. Conrad/The New York TimesMark E. Haranzo, a partner at the law firm Withers Bergman, helps clients use the so-called power of substitution, by setting up a trust that allows someone to put in cash now and exchange it for other assets in the future. HOLIDAY shoppers and tax filers are known for procrastinating. This year, they’re joined by the wealthy who have still not decided whether to make...

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Rice Drops Bid for Secretary of State, Citing Opposition

WASHINGTON — Susan E. Rice, the Obama administration’s ambassador to the United Nations, has withdrawn her name from consideration for secretary of state, in the face of relentless opposition from Republicans in Congress over her role in the aftermath of the deadly attack on the American Mission in Benghazi, Libya. In a letter to President Obama, Ms. Rice said she concluded that “the confirmation...

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World’s Population Living Longer, New Report Suggests

A sharp decline in deaths from malnutrition and diseases like measles and tuberculosis has caused a shift in global mortality patterns over the past 20 years, according to a new report, with far more of the world’s population now living into old age and dying from diseases more associated with rich countries, like cancer and heart disease. The shift reflects improvements in sanitation, medical...

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World’s Population Living Longer, New Report Suggests

A sharp decline in deaths from malnutrition and diseases like measles and tuberculosis has caused a shift in global mortality patterns over the past 20 years, according to a new report, with far more of the world’s population now living into old age and dying from diseases more associated with rich countries, like cancer and heart disease. The shift reflects improvements in sanitation, medical...

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European Leaders Hail Accord on Banking Supervision

BRUSSELS — European Union leaders gathering here Thursday for their year-end summit meeting hailed an agreement to place euro zone banks under a single supervisor, calling it a concrete measure to maintain the viability of the currency as well as a step in laying the groundwork for a broader economic union. Pool photograph by Michael EulerAngela Merkel, the German chancellor, and François...

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IHT Rendezvous: In China, Fears Ours Would Be a 'One-Week Puppy'

BEIJING — China has many genuine pet lovers who care well for their dogs, but also many owners who don’t. The dog trade is virtually unsupervised and selling sick animals to unsuspecting customers is common. Animal shelters are full. The pet scene is tough. Buying a dog, which I write about in my latest Letter from China, can be a risky business.“Some breeders just want to make money. Some are real...

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App Smart: Apps Help Extend the Battery Life of Devices

As you jet off on a winter vacation or a holiday season trip to see family, chances are you’ll face a 21st-century problem: mobile device battery angst. It’s a never-ending itch at the back of your thoughts. Though we all love to use our smartphones to stave off boredom, or to navigate a new city, every moment of use eats precious battery time. And, particularly during a journey, you never know when...

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Health Centers Find Opportunity in Brownfields

PHILADELPHIA — The community health center rising on a derelict corner here in West Philadelphia never would have broken ground if not for the asbestos inside the building that was demolished to make way for it. Because of the contamination, Spectrum Health Services received a $2 million federal cleanup grant, the first piece of a $14 million construction financing puzzle. When complete,...

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Mandela Is Suffering From Lung Infection

Alexander Joe/Agence France-Presse — Getty ImagesIn Soweto, an area of Johannesburg, a resident walked past images of Nelson Mandela, the 94-year-old former president of South Africa and hero of the antiapartheid movement, who remained hospitalized on Tuesday. JOHANNESBURG — Former President Nelson Mandela, who has been hospitalized since Saturday, is suffering from a recurrence of a lung infection...

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DealBook: Wallflowers of Silicon Valley Get Asked to Dance

SAN FRANCISCO — After years of being wallflowers at Silicon Valley’s hottest tech conferences and Sean Parker’s after-parties, enterprise technology firms are now part of the “in” crowd.The flameouts of social media stocks over the last year have left venture capital firms searching for a more measured approach to investing.“Watching capital markets do what they just did — to Facebook, to Groupon,...

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