The winner of this year's Nobel prize in Economics, Angus Deaton, is a microeconomist at Princeton with a talent for explaining consumer behavior and the effects of welfare on poverty.
Heavy rains have damaged much of the crop in the Midwest. Canned pumpkin giant Libby's says there should be enough to fill your pies for Thanksgiving, but after that, things will be tight.
The silent generation is still paying off mortgages, and baby boomers aren't done with student loans. A new study by Pew Charitable Trusts also shows fewer millennials are taking on mortgages.
"I'm absolutely delighted," says Angus Deaton ofPrinceton University. He won for "his analysis of consumption, poverty, and welfare," the Nobel Committee says.
Angus Deaton is the winner of the Nobel Memorial Prize in Economic Science. His studies touch on consumption, poverty and welfare. He is a dual citizen of the United States and the United Kingdom.
NPR's Robert Siegel speaks with our regular political commentators E.J. Dionne of The Washington Post and Brookings Institution and David Brooks of The New York Times. They discuss Rep. Kevin McCarthy's decision to withdraw from the race for the next Speaker of the House, Hillary Clinton's opposition to the TPP, and the Russian strategy in Syria.
A big sticking point in the negotiations over the Trans-Pacific Partnership involved biologics medicines and vaccines created from living organisms. The dispute centered on patent protection: how many years drug companies should have before facing competition from generics. The negotiators ended up with a complicated compromise that gives drug makers five to eight years of protection. But nobody is really happy with the outcome.
After revelations it cheated emissions tests, Volkswagen is vowing to win back the public's trust. But, experts say, it will take a long time. First, the automaker needs to let the crisis play out.