We exhibit a sequence of flat polynomials with coefficients $0,1$. We thus get that there exist a sequences of Newman polynomials that are $L^α$-flat, $0 \leq α<2$. This settles an old question of Littlewood. In the opposite direction, we prove that the Newman polynomials are not $L^α$-flat, for $α\geq 4$. We further establish that there is a conservative, ergodic, $σ$-finite measure preserving transformation with simple Lebesgue spectrum. This answer affirmatively a long-standing problem of Banach from the Scottish book. Consequently, we obtain a positive answer to Mahler's problem in the class of Newman polynomials, and this allows us also to answer a question raised by Bourgain on the supremum of the $L^1$-norm of $L^2$-normalized idempotent polynomials.