Presumptive Democratic presidential nominee Hillary Clinton was in Springfield, Ill., Wednesday where she sought to use the symbolism of a historic landmark to draw parallels to a present-day America that is in need of repairing deepening racial and cultural divides.

The Old State Capitol — where Abraham Lincoln delivered his famous "A house divided" speech in 1858 warning against the ills of slavery and where Barack Obama launched his presidential bid in 2007 — served as the backdrop for Clinton as she spoke of how "America's long struggle with race is far from finished."

Episode 711: Hooked on Heroin

1 hour ago

When we meet the heroin dealer called Bone, he has just shot up. He has a lot to say anyway. He tells us about his career--it pretty much tracks the evolution of drug use in America these past ten years or so. He tells us about his rough past. And he tells us about how he died a week ago. He overdosed on his own supply and his friend took his body to the emergency room, then left.

New British Prime Minister Theresa May announced six members of her Cabinet Wednesday.

Amid a sweeping crackdown on dissent in Egypt, security forces have forcibly disappeared hundreds of people since the beginning of 2015, according to a new report from Amnesty International.

It's an "unprecedented spike," the group says, with an average of three or four people disappeared every day.

The Republican Party, as it prepares for its convention next week has checked off item No. 1 on its housekeeping list — drafting a party platform. The document reflects the conservative views of its authors, many of whom are party activists. So don't look for any concessions to changing views among the broader public on key social issues.

Many public figures who took to Twitter and Facebook following the murder of five police officers in Dallas have faced public blowback and, in some cases, found their employers less than forgiving about inflammatory and sometimes hateful online comments.

As Venezuela unravels — with shortages of food and medicine, as well as runaway inflation — President Nicolas Maduro is increasingly unpopular. But he's still holding onto power.

"The truth in Venezuela is there is real hunger. We are hungry," says a man who has invited me into his house in the northwestern city of Maracaibo, but doesn't want his name used for fear of reprisals by the government.

The wiry man paces angrily as he speaks. It wasn't always this way, he says, showing how loose his pants are now.

Ask a typical teenage girl about the latest slang and girl crushes and you might get answers like "spilling the tea" and Taylor Swift. But at the Girl Up Leadership Summit in Washington, D.C., the answers were "intersectional feminism" — the idea that there's no one-size-fits-all definition of feminism — and U.N. climate chief Christiana Figueres.

Copyright 2016 NPR. To see more, visit

Arizona Hispanics Poised To Swing State Blue

5 hours ago
Copyright 2016 NPR. To see more, visit


3 American Economists Win Nobel Prize

Oct 14, 2013
Copyright 2015 NPR. To see more, visit



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.


INSKEEP: Each of these guy's names is a little familiar, I think to the layman, especially maybe Shiller. Who are they?

CHACE: So, all right. These guys, they're kind of, it's kind of the perfect example of what economics is, that these three guys won. Because Fama thinks one thing and Shiller kind of thinks the opposite. And that's sort of what economics is, is like an argument...

INSKEEP: And both won it together, OK, fine. Go on.

CHACE: Yeah, but if you put them together, there's sort of some logic to it. It's both about predictability in the stock market, and sort of what stock prices mean.

Fama, the first guy, the research that he did is basically that the price of a stock is kind of the perfect amount of information. The market absorbs information really quickly and prices, stocks exactly appropriately. So...


CHACE: Like, quarterly earnings come out, or something like that, the stock market reacts right away. That's a perfect assimilation of new information.


CHACE: Like that's great information.

INSKEEP: Investors are watching and people make their conclusions and it's a collective conclusion. OK.

CHACE: Yeah, sales are up, people buy the stock, you know, that's logical and that makes sense. But Shiller looked at stock prices and asset prices kind of over a longer period of time and he kind of puts the heart into it. He says people are crazy and people are emotional and sometimes they will just buy up, you know, a whole bunch of things just because they're excited about it. And it's not really the price of something; how popular something is isn't necessarily a perfect piece of information because we're crazy and we get excited. And so, that is not really absorbed very, you know, into the price of something.

INSKEEP: Robert Shiller, isn't he the guy whose name is on the Case-Shiller Index, which has to do with home prices and so forth?

CHACE: Yes. He is the guy.

INSKEEP: Which, of course, that's something - that's a market that's had quite a lot of craziness in recent years, as all of us know.

CHACE: Yes. So Shiller's kind of the father behavioral finance, basically. Like, he's a really famous guy and he predicted the tech bubble in 2000. He predicted the real estate bubble of 2008 because he sees bubbles as a kind of natural outgrowth of the human emotion that comes along with investing money. And so, the Case-Shiller Home Price Index is something that's really popular because that's a way to look at, you know, like, confident people are feeling in the economy.


CHACE: Confidence is really - that's what investing is all about.

INSKEEP: OK, so you got one guy who thinks the market is rational and another guy who thinks the market is irrational. And we have this third guy, Hansen. Who's he?

CHACE: Yes. Hansen is the math guy. He came up with the model that you can sort of use to prove your assumptions. I can't really get into it because the math is complicated...


CHACE: ...and it's a little bit beyond me, beyond us, probably. But what it is, is that you can use his model to prove Shiller's point and you can use his model to prove Fama's point, which are sort of opposite points...


CHACE: ...but that's economics. You know, it's an argument.

INSKEEP: OK. We were wondering if these guys, since they won the Nobel Prize for the predictability of the markets, if they were able to make themselves rich. But I'm guessing from what you said, maybe not.

CHACE: No. They can invest their couple hundred thousand dollars each in the markets, but they don't know what they're going to get. That's how the markets work.

INSKEEP: Zoe, thanks very much.

CHACE: Thank you.

INSKEEP: That's NPR's Zoe Chace of our Planet Money team. And again, the Nobel Prize winners in economics - Eugene Fama, Lars Peter Hansen and Robert Shiller. You heard it right here on MORNING EDITION from NPR News. Transcript provided by NPR, Copyright NPR.