Two American Professors Win Nobel Prize In Economics
Stanford University professors Paul Milgrom and Robert Wilson won the 2020 Nobel Memorial Prize in Economic Sciences for their work in understanding and designing auctions.
Economy
'Auctions Are Everywhere': 2020 Economics Nobel Goes To 2 Americans
Stanford's Paul Milgrom and Robert Wilson are honored for their "inventions of new auction formats." Auctions are now used to price Internet ads, wholesale electricity and fishing permits.
Stanford Professors Win Nobel In Economics For Understanding And Designing Auctions
The $1.1 million prize goes to Stanford professors Paul Milgrom and Robert Wilson for advancing knowledge of how buyers and sellers behave.
How Have American Billionaires Gotten Richer Despite Pandemic Recession?
Since the pandemic began, many American billionaires have gotten even richer despite one of the country's worst recessions. NPR explores the reasons why and the implications for the future.
Republican Congressman On The Stalled Pandemic Relief Package
NPR's Mary Louise Kelly talks with Rep. Dusty Johnson, R-S.D., a member of the bipartisan Problem Solvers Caucus, about efforts to pass another economic relief package.
Stocks Surge After White House Says It's Open To Pandemic Aid After All
Stocks reversed Tuesday's losses amid word that the Trump administration was considering stand-alone bills to aid airlines and small businesses. The president had called off talks on a relief bill.
Pandemic Drives More Americans To Food Banks
As the coronavirus pandemic drags on, more Americans are finding themselves in need of financial assistance. Food banks are feeling the pinch. And many of them say they can't keep up with demand.
Americans Struggle To Make Ends Meet As Chaos Surrounds Talks For More Pandemic Aid
President Trump abruptly pulled out of negotiations for more pandemic aid, then seemed to reverse himself. Forecasters say without federal help, recovery will take longer and be more painful.
White House Eyes Piecemeal Pandemic Aid After Trump Ends Talks On Overall Package
But a top aide to Speaker Nancy Pelosi tweeted that she spoke to the treasury secretary Wednesday about a standalone measure to help airlines. A previous attempt to do this failed amid GOP opposition.
Hopes For More Federal COVID-19 Relief Coming Any Time Soon Are Dashed
Stock prices dropped sharply Tuesday after President Trump called on his representatives to stop negotiating with Democrats on another coronavirus stimulus package until after the November election.