Originally published on Mon October 14, 2013 6:34 pm
This post was last updated at 6:10 p.m. ET.
The House and Senate were in session on Columbus Day, the 14th day of the federal government shutdown. A meeting that had been arranged between President Obama, Vice President Biden and the four main leaders of Congress was postponed, as the White House cited the progress being made in negotiations.
The latest word of a possible deal calls for raising the federal debt limit through Feb. 15 and funding a return to work for the government through Jan. 15. We'll update this post as more news comes in.
It's been 521 years since the Italian explorer Christopher Columbus "sailed the ocean blue/in fourteen hundred and ninety-two." Since then, there have been thousands of parades, speeches and statues commemorating Columbus, along with a critical rethinking of his life and legacy.
But the question remains, how did a man who never set foot on North America get a federal holiday in his name? While Columbus did arrive in the "New World" when he cast anchor in the Bahamas, he never made it to the United States.
Originally published on Mon October 14, 2013 9:12 am
Three American professors have won the 2013 Nobel Prize for Economics for their work in identifying long-term trends in the prices of stocks and bonds, based in part on analyzing the role of risk.
Professors Robert J. Shiller of Yale University and Eugene F. Fama and Lars Peter Hansen, both of the University of Chicago, won "for their empirical analysis of asset prices," the Royal Swedish Academy said in announcing the honor Monday.
The Northwest electronic music scene has blown up in recent years, and at its forefront is the Seattle duo Odesza. The two young producers both made names for themselves in the local scene — Harrison Mills as Catacombkid and Clayton Knight as BeachesBeaches — before combining their individual styles for this new project.
OK, the Nobel Memorial Prize in economics was awarded today to three American men - Eugene Fama, Lars Peter Hansen, Robert Shiller. The Nobel committee cited their research in the predictability of stock prices, as well as other asset prices. We're going to find out more now from Zoe Chace of NPR's Planet Money team. She's on the line. Hi, Zoe.
ZOE CHACE, BYLINE: Hi, Steve.
INSKEEP: Each of these guy's names is a little familiar, I think to the layman, especially maybe Shiller. Who are they?
Originally published on Tue October 15, 2013 11:03 am
Somebody should be watching Daniela Rus and her pals at MIT, because what they are doing is so crazy, so potentially important, people need to know about them. Not because they're dangerous, but because what they're doing might be changing the world and nobody should change the world without the world noticing.
Good morning. I'm David Greene. If you've forgotten to replace the fuel cap at the gas station, you could do worse. A German man was driving back from his honeymoon in France. He pulled over to fuel up, thinking his bride, sleeping in the back seat, remained put. She actually got out to use the facilities. He drove on, and two and a half hours later, he noticed his wife was gone. The man called police, who said she was patiently waiting back at the gas station. This is probably not what she meant when she said, no better or for worse.
Kansas City football fans broke the record yesterday for loudest stadium in the NFL. Fans of the Chiefs were recorded howling at over 137 decibels as the Chiefs defeated Oakland. Now, you may wonder just how loud 137 decibels is. That's considered beyond the threshold of pain, louder than a loud rock concert, almost as loud as a jet engine, and nearly as annoying as two soccer fans with vuvuzelas.
It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
The world's top financial officials were in Washington, D.C. over the weekend for the annual meetings of the International Monetary Fund and the World Bank. The partial government shutdown and the debt ceiling standoff were hot topics among the visiting world financial leaders.
The International Herald Tribune is about to change its name. In these difficult days for print journalism, fans of the Paris-based English newspaper are grateful that it's still being published. But the change is prompting a good bit of nostalgia.
Later this morning, the winner of the Nobel Prize in Economics will be announced in Sweden. Unlike some other Nobel Prizes we've heard about in recent days, this one comes with an asterisk. And NPR's Robert Smith is covering the story. He's in New York. Hi, Robert.
ROBERT SMITH, BYLINE: Hey, it's good to be here.
INSKEEP: Why is there an asterisk over the Nobel Prize in Economics?
Cyclone Phailin slammed into the east coast of India over the weekend. It caused widespread destruction of property, but minimal loss of life. Indians are surprised and pleased at how well the government's evacuation effort worked.
Originally published on Wed October 16, 2013 6:14 pm
Political battles over the debt limit have been around nearly as long as the law passed by Congress in 1917 that set a statutory limit for how much debt the Treasury could accrue.
Since then, Congress has had to increase that limit on more than 100 occasions — and 40 of those times, lawmakers have tried to tie strings to raising the debt ceiling. In the last few years, though, there's been a marked escalation in those demands.