Business

5:02pm

Mon October 14, 2013
Economy

Three Americans Win Nobel Economics Prize

Originally published on Mon October 14, 2013 6:19 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

The Nobel Memorial Prize in Economics went to three American professors today. In announcing the honor, the Royal Swedish Academy of Sciences said the men all contribute to our understanding of how markets price things like stocks and homes. But as NPR's Dan Bobkoff reports, that doesn't mean the three economists always agree.

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5:02pm

Mon October 14, 2013
World

Lac-Mégantic Blast Leaves Impact On Town, Rail Industry

Originally published on Mon October 14, 2013 6:19 pm

Crews are scrambling to clean up toxic contamination in Lac-Mégantic, Quebec, and many locals have been forced out of their homes and businesses for at least a year.
Brian Mann NCPR

Three months ago, a train carrying American crude oil derailed and exploded in the heart of Lac-Mégantic, Quebec, killing 47 people.

Local leaders now say recovering from the disaster will take much more time, effort, and money than they expected.

Industry experts say the accident could change the way oil and other dangerous chemicals are transported on trains in North America.

An Empty Village

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2:10pm

Mon October 14, 2013
All Tech Considered

'Menstrual Man' Had An Idea To Help Indian Women

Originally published on Fri October 18, 2013 3:02 pm

Arunachalam Muruganantham installs his machine in a village in Chhattisgarh, India.
Amit Virmani

Arunachalam Muruganantham had his light bulb moment when he was 29 years old, and holding a sanitary napkin for the first time.

Examining the cotton pads he was buying as a gift for his new wife, the Indian entrepreneur realized that the multinational company that produced them was probably spending cents on raw materials, and making a huge profit.

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9:45am

Mon October 14, 2013
Planet Money

Economics Nobel: Nobody Knows What Stocks Are Going To Do Today

The Nobel Foundation

If you want to honor today's Nobel laureates in economics, turn off CNBC and ignore everyone who says they know what the stock market is going to do today, tomorrow, or next week.

The award went to three economists — Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller — for their work studying asset prices.

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9:12am

Mon October 14, 2013
The Two-Way

Americans Win Economics Nobel For Interpreting Stock Prices

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.

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7:46am

Mon October 14, 2013
Business

3 American Economists Win Nobel Prize

Transcript

STEVE INSKEEP, HOST:

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?

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7:29am

Mon October 14, 2013
Europe

Three U.S. Economists Win Nobel Prize

Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel prize for economics on Monday for developing new methods to study trends in asset markets.

The Royal Swedish Academy of Sciences said the three had laid the foundation of the current understanding of asset prices.

While it's hard to predict whether stock or bond prices will go up or down in the short term, it's possible to foresee movements over periods of three years or longer, the academy said.

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4:53am

Mon October 14, 2013
Business

Research: 'Inner Speech' Can Be Disturbed By Chewing

Social science research shows movie goers are less receptive to ads if they're munching on popcorn. When we watch an ad on the screen, we subconsciously mouth the name we're hearing. And this "inner speech" makes an imprint on our brain. But if you're chewing your way through the ads, your mouth and brain don't go through those motions, and the message may not stay with you.

4:31am

Mon October 14, 2013
Asia

China Experiences Surprise Drop In Exports

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a slide in Chinese exports.

(SOUNDBITE OF MUSIC)

INSKEEP: Chinese exports showed a surprise drop last month, according to government figures.

As NPR's Frank Langfitt reports, the September numbers underscore some of the challenges facing the world's second-largest economy.

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4:29am

Mon October 14, 2013
Economy

U.S. Political Standoff Hangs Over IMF, World Bank Meetings

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.

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