After a meeting of the Federal Open Market Committee, the Federal Reserve said it will continue to buy $85 billion in bonds every month and will leave the federal funds rate at the historic rate of near zero.
Because my morning routine involves the waking, feeding, dressing, brushing and sunblocking of a 6-year-old and a 4-year-old, certain personal morning grooming habits fall by the wayside. Like, all of them. This is why I think of the gym mainly as a place to wash up.
Which is a long way of saying I ran out of shaving cream the other day.
In its latest report stemming from leaked documents provided by National Security Agency leaker Edward Snowden, The Guardian newspaper outlines a tool that gives intelligence analysts access to a wide range of data collected on the Internet.
Major jazz gatherings such as the Newport Jazz Festival — which dates back to 1954 — have always relied on big names to attract visitors. The 2013 edition is no different, with headliners such as Wayne Shorter (with Herbie Hancock), Marcus Miller, Chick Corea, Eddie Palmieri and Esperanza Spalding.
* If you're anywhere near Winston-Salem, please note that Tonya Pinkins, whose chops are so considerable that I don't entirely know where to start with her amazingness, so just Google her, is in cabaret thereabouts, as part of the biennial National Black Theatre Festival. This is a thing that makes me want to go to North Carolina. [Winston-Salem Journal]
Friday is the last day before the 113th Congress scatters for their summer recess. And what has it accomplished so far? Almost nothing, says New York Times congressional correspondent Jonathan Weisman. As he points out in a recent article:
The National Security Agency declassified more documents that shed light on formerly secret programs that collect a vast amount of metadata on the phone calls made in the United States, as well as the electronic communication of foreigners.
In a statement, Director of National Intelligence James Clapper said the release was "in the public interest."
Originally published on Wed July 31, 2013 12:57 pm
Baseball fans often declare their love of the game's rhythm, its quiet pauses and bursts of action. For such people, watching a game on TV can be a struggle, particularly if they're annoyed by the chatter of announcers. Fans in Detroit had another option last night: watching a TV broadcast that included only the natural sounds of the ballpark.
Originally published on Wed July 31, 2013 10:39 am
In an amazing string of coincidences, a luxury watch store in Cannes, France, has been robbed just three days after an armed man successfully stole diamonds and other valuable jewels from a nearby hotel.
On October 1st, online health insurance exchanges open up as part of the Affordable Care Act. Kaiser Health News' Mary Agnes Carey speaks to host Michel Martin about what will change, and how you can prepare for the roll-out.
Now we'd like to talk about another body of research that's also challenging assumptions, very old assumptions about the effects of cocaine addiction. During the crack epidemic of the 1980s and '90s, healthcare workers feared that children born to addicted mothers had little hope for a healthy future. But a newly released study suggests that initial concerns about so-called crack babies may have been misplaced, and that the biggest issue that could hurt these kids was not drug exposure, but poverty.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, during the height of the crack epidemic in the 1980s, many doctors despaired that children born to crack addicts were doomed to grim lives as adults, if they managed to grow up all. But, now there's new research that's challenging that assumption. We'll hear more about that just ahead. First, though, we want to talk about a new study that challenges other assumptions about the opportunities extended to African-American and Latino students.
The Television Critics Association press tour, a two-week event in which press conference after press conference parades through a hotel ballroom, is about half over, so it's time for a few stories.
In a room of 250 or so reporters and a rotating set of actors, producers, and executives, there's likely to be a conversation here and there that perhaps doesn't go as everyone involved was expecting. After all, I've already been to 57 panel discussions or presentations (according to our transcripts list), and we have a week to go.
It's been more than a year since Facebook's stock debuted at $38 in its initial public offering. But after a problematic start and an eventual slide below $20, the company saw its shares reach that initial price in early trading Wednesday, one week after it reported strong advertising revenue.
"Before Wednesday's opening bell, the shares rose as high as $38.05, before settling back down to $37.95," the AP reports. "On Tuesday, the shares closed up 6 percent after coming within pennies of the IPO price."
NPR's business news starts begins with some surprising economic growth.
(SOUNDBITE OF MUSIC)
GREENE: The U.S. Commerce Department says the economy grew at an unexpectedly swift pace during the second quarter of the year. The Gross Domestic Product, or GDP, grew at an annual rate of 1.7 percent. That compares to the first quarter, when it grew at 1.1 percent. As NPR's Yuki Noguchi reports, this might mean the economy has not been hit hard by the automatic government spending cuts known as sequestration.
Originally published on Wed July 31, 2013 12:51 pm
The U.S. economy grew by an annualized rate of 1.7 percent in the second quarter of 2013, according to gross domestic product data released Wednesday morning. The Commerce Department says the rise stems from business investments, particularly in buildings, and an upturn in exports and the civilian aircraft industry.
Originally published on Wed July 31, 2013 11:23 am
At 18 years old, American Gabrielle Turnquest has become the youngest person to pass Britain's Bar exams, qualifying her as a barrister. Turnquest is a native of Windermere, Fla. She studied for the exams at Britain's University of Law.
From London, NPR's Larry Miller reports for our Newscast unit:
"The average age to gain a barrister's qualification is 27. Turnquest says she's honored to be the youngest person to become a British barrister. Due to her parent's heritage, she is also called to the Bahamas bar.
Daniel Chong, the San Diego college student who spent more than four days in a Drug Enforcement Administration holding cell without food or water, has reached a $4.1 million settlement with the U.S. government. The DEA apologized to Chong last year and instituted a review of its practices.
The ordeal, in which Chong was forgotten in a cell after being taken in during a drug raid, caused Chong to become increasingly desperate. At one point, he said last year, he drank his own urine to survive.
As the sentencing hearing for former Army intelligence analyst Bradley Manning begins today, he faces the possibility of spending many decades in prison. Manning was found guilty Tuesday of 19 counts for giving thousands of classified U.S. documents to WikiLeaks.
Manning, 25, was acquitted of aiding the enemy, the most serious charge against him, which would have put him in jeopardy of a life sentence. He was found guilty of other serious charges, from theft to espionage, for his role in the largest leak of U.S. secrets in history.
There's nothing soothing or easygoing about this massive novel, which was first published obscurely in Italy in the late 1990s. Goliarda Sapienza, a novelist and actress who worked with the likes of Pasolini and Visconti, spent more than a decade writing The Art of Joy, and on balance, she must have felt it a massive disappointment, given that no publisher wanted to go near its chaotic, handwritten blend of ambisexuality, religion, feminism, and politics.