The world's central banks are pumping cash into their economies, pushing down interest rates in hopes the ready cash and lower rates will boost borrowing and economic activity. Everyone agrees the action is dramatic and unprecedented, but there's disagreement over whether they will do more harm than good.
Economists know very well the trillions of dollars being added by the central banks to the global economy can be risky.
"These are risks about long-term rises in inflation, housing bubbles potentially building up," says Jacob Kirkegaard of the Peterson Institute.
NASA's newest Mars rover, Curiosity, has snapped photos of rocky outcroppings that jut out from the alien soil, and scientists say they look like the remnants of an ancient stream bed where water once flowed on the surface of the red planet.
The exposed rocks look like broken slabs of concrete sidewalk, about four inches thick, and are made of rounded bits of gravel in a sandy matrix. The rock has eroded a little bit, and some of the smooth pebbles — about the size of M&M candies — have fallen down into a little pile.
Good morning. I'm Steve Inskeep. Somebody in Pittsburgh took the law into his own hands. More precisely, the person took a paintbrush into his own hands. He or she is apparently upset that in 2009 the city denied requests to paint crosswalks in the Polish Hill neighborhood. This unknown person painted unofficial crosswalks. Authorities are publicly scolding the crosswalk vigilante. But by coincidence, they're also promising to install real crosswalks within weeks. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Originally published on Thu September 27, 2012 5:24 am
Secretary of State Hillary Clinton has suggested a connection between al-Qaida in North Africa and the attack on the U.S. consulate in Benghazi, Libya. She did not give any further details on what role the al-Qaida affiliate may have played in the attack
We are pleased to announce this morning that NPR has ended its lockout of Mike Pesca. The network reached a deal with our sports correspondent after his replacement repeatedly confused adjectives with adverbs. OK, that's a joke, but in reality the NFL reached a deal with referees after the replacements made a series of brutally criticized calls. Mike Pesca has been following developments.
Mike, good morning.
MIKE PESCA, BYLINE: And that was a goodly decision. Oh, wait a minute. I've done it too.
Originally published on Thu September 27, 2012 6:37 am
Oncologist Siddhartha Mukherjee has written an article in Newsweek about what he calls America's current failure to treat and prevent cancer — and a failure to make funding cancer research a priority. Dr. Mukherjee tells David Greene there is a lag in designing cancer drugs as well as funding cancer research in the U.S.
Originally published on Thu September 27, 2012 6:22 am
Those who have made up their minds, both Democrats and Republicans, take advantage of early voting. Paul Gronke, a Political Science professor at Reed College, talks to David Greene about who votes early, and how early voting has changed the way people go to the polls. Gronke is Director of the Early Voting Information Center.