The stock market hit some major milestones this week: The Standard & Poor's 500 index reached its highest level in more than three years, the Dow Jones industrial average settled in above 13,000 — up about 24 percent since early October — and the Nasdaq rose to its highest level in 11 years. Still, the Federal Reserve has been warning not to get too excited about where the economy is headed next.
David Kotok, chairman and chief investment officer at Cumberland Advisors, says there are a bunch of reason for stocks to be rising.
Originally published on Mon September 10, 2012 1:32 pm
This World Cafe segment completes our Sense of Place Portland series, and the focus is on what Portland, Ore. — a city brimming with culture, coffee and bands — has been like for the musicians who settle there.
Today, flying is like riding a bus. But it wasn't always that way. Vaulted from the sands of Kitty Hawk and freed from military exigencies by the end of World War I, aviation soared into the 1920s and '30s on a direct course to tomorrow. Here are three flyers who not only helped open the skies, but also brought literary gems back from the cutting edge of progress, from a time when flying was the most exciting thing in the world.
Poor Rutherford B. Hayes. It wasn't bad enough that the 19th president, a Republican, was called "His Fraudulency" by Democrats during his one term in office (1877-1881) because of the unusual circumstances of how he "won."
Now, the current occupant of the White House, President Obama, was spreading a most assuredly inaccurate story, according to experts, about Hayes' reaction to an early telephone.
The public radio show THIS AMERICAN LIFE has retracted a lengthy story it ran in January. The report painted an ugly picture of working conditions at Chinese factories where they manufacture iPhones and iPads. The story focused on a monologue told by performer and activist Mike Daisey about his interviews with factory workers. NPR's media correspondent David Folkenflik joins me now. And, David, this was THIS AMERICAN LIFE's most popular podcast. How are they explaining their decision to retract the story?