The stock market's long climb from its recession bottom has some people concerned it may be a bubble about to burst — a bubble artificially pumped up by the Federal Reserve's easy-money policy. That's led to calls — even from within the Fed — for an end to the central bank's extraordinary efforts to keep interest rates low.
We turn now to the last U.S. ambassador stationed in Venezuela. Patrick Duddy represented the U.S. first under the Bush administration then later under the Obama administration. He was once expelled from Caracas. Ambassador Duddy is now a visiting senior lecturer at Duke University's Center for International Studies. When we spoke today, I asked him what it was like for him to be an ambassador to Venezuela under Chavez.
The world often feels full of fading traditions, from drive-in movie theaters to the dying art of good old-fashioned letter writing.
For the British, add brass bands to that list. Traditional brass bands have played an important cultural role in working-class British communities for centuries. But some warn that without funding, they could become a thing of the past.
Take the Grimethorpe Colliery Band in South Yorkshire. The band was originally formed in 1917, and nearly 100 years later, a group of tuba, euphonium and other horn players still bears the band's name.
Scientists are beginning to understand how people tune in to a single voice in a crowded, noisy room.
This ability, known as the "cocktail party effect," appears to rely on areas of the brain that have completely filtered out unwanted sounds, researchers report in the journal Neuron. So when a person decides to focus on a particular speaker, other speakers "have no representation in those [brain] areas," says Elana Zion Golumbic of Columbia University.