Three Americans Win Nobel Economics Prize
Three American professors won this year's Nobel Memorial Prize in Economic Sciences for their studies on asset prices.
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3 American Economists Win Nobel Prize
Eugene Fama, Lars Peter Hansen and Robert Shiller won the 2013 economics prize for their work on developing new methods to study trends in asset markets. They will share the $1.25 million prize.
China Experiences Surprise Drop In Exports
Chinese exports dropped point 0.3 percent in September from a year earlier. It was the worst performance in three months. Analysts think much of the drop was due to plunging demand from Southeast Asia. Investors have been pulling money out of the region on concern the U.S. Federal Reserve will cut bond purchases and the money supply will tighten.
Iran's Leaders Send Sobering Message: No Quick Economic Fix
Iran's new President Hassan Rouhani says he will seek a nuclear agreement and an end to crippling Western economic sanctions. This has raised hopes that better economic times may be ahead. But Rouhani's team, as well as economists, say Iran's problems are deep-rooted and won't be easily solved.
Prize In Economics A Latecomer To Nobel Lineup
The Nobel Prize in economics will be announced Monday morning in Sweden. This prize is a relatively new one — it was established in 1968 by Sweden's central bank. The prizes announced last week, like the Nobel Peace Prize, were established more than 100 years ago in Alfred Nobel's will.
Readers Lament 'International Herald Tribune' Name Change
Starting Tuesday, American expats throughout Europe will pick up their The International Herald Tribune to discover it has been renamed, The International New York Times. Many longtime readers say they'll feel a great loss.
The Shutdown News Isn't All Bad For A Few American Indian Tribes
The government shutdown has some American Indian tribes bracing for the worst. They've seen cuts to food distribution, child care and financial assistance. At the same time, a handful of northern Arizona tribes are seeing an unexpected spike in tourists who were turned away from nearby national parks.
Web Glitches Hinder Mississippians Signing Up For Insurance
Mississippi is one of 34 states that has let the federal government run its health insurance exchange. It has had the same glitches and long wait times as other states. Despite the trouble, people are slowly signing up.
Commissions From Managed-Futures Market Can Wipe Out Profits
Steve Inskeep talks to David Evans about his investigative piece appearing in the November issue of Bloomberg Markets Magazine. The story, "Fleeced by Fees," is about consumers losing profits on their financial investments due to fees and commissions.
What A U.S. Default Would Mean For Pensions, China And Social Security
Whatever happens to a the global economy, one thing is clear: If the U.S. defaults, people all over the world who have loaned the government money won't get paid on time.