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.
The European Union is now pledging to help Italy after a boat capsized last week and killed hundreds of African migrants. Rebecca Cruise and Suzette Grillot discuss how European governments are struggling with refugee and asylum policies.
Richard Clarke is famously known for criticizing the Bush Administration for not doing enough to stop 9/11. But he now focuses on issues of cybersecurity and intellectual property theft, especially by the Chinese government.
Listen to Suzette Grillot's conversation with Richard Clarke.
Former counter-intelligence czar Richard Clarke is best known for testifying before the 9/11 Commission that President George W. Bush failed to take enough action to protect the country ahead of the September 11, 2001 terrorist attacks.