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Planet Money
8:45 am
Mon October 14, 2013

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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The Two-Way
7:50 am
Mon October 14, 2013

Americans Win Economics Nobel For Interpreting Stock Prices

Originally published on Mon October 14, 2013 8:12 am

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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Favorite Sessions
7:03 am
Mon October 14, 2013

KEXP Presents: Odesza

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ODESZA performs live on KEXP.
Dave Lichterman KEXP

The Northwest electronic music scene has blown up in recent years, and at its forefront is the Seattle duo Odesza. The two young producers both made names for themselves in the local scene — Harrison Mills as Catacombkid and Clayton Knight as BeachesBeaches — before combining their individual styles for this new project.

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Business
6:46 am
Mon October 14, 2013

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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Around the Nation
6:31 am
Mon October 14, 2013

Shutdown Hinders S.D. Post-Blizzard Cleanup

Heavy and wet snow weighs down tree branches on the west side of Rapid City, S.D. Earlier this month, a fierce October snowstorm hit ranchers in the state hard.
Kristina Barker Reuters /Landov

Originally published on Mon October 14, 2013 7:58 am

A freak October blizzard earlier this month killed tens of thousands of cattle in South Dakota.

The number of animals is hard to confirm. In part, because the federal agency tasked with tallying livestock losses after a disaster is closed during the partial government shutdown.

October is often a great weather month to be in South Dakota, which is one reason why the early October blizzard caught so many off guard.

Todd Collins lost a fifth of his herd in this storm. "My dad is 80 years old, and he says he's never seen a killer storm the first of October."

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