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?
Good morning. I'm David Greene. If you've forgotten to replace the fuel cap at the gas station, you could do worse. A German man was driving back from his honeymoon in France. He pulled over to fuel up, thinking his bride, sleeping in the back seat, remained put. She actually got out to use the facilities. He drove on, and two and a half hours later, he noticed his wife was gone. The man called police, who said she was patiently waiting back at the gas station. This is probably not what she meant when she said, no better or for worse.
Kansas City football fans broke the record yesterday for loudest stadium in the NFL. Fans of the Chiefs were recorded howling at over 137 decibels as the Chiefs defeated Oakland. Now, you may wonder just how loud 137 decibels is. That's considered beyond the threshold of pain, louder than a loud rock concert, almost as loud as a jet engine, and nearly as annoying as two soccer fans with vuvuzelas.
It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
The International Herald Tribune is about to change its name. In these difficult days for print journalism, fans of the Paris-based English newspaper are grateful that it's still being published. But the change is prompting a good bit of nostalgia.
Later this morning, the winner of the Nobel Prize in Economics will be announced in Sweden. Unlike some other Nobel Prizes we've heard about in recent days, this one comes with an asterisk. And NPR's Robert Smith is covering the story. He's in New York. Hi, Robert.
ROBERT SMITH, BYLINE: Hey, it's good to be here.
INSKEEP: Why is there an asterisk over the Nobel Prize in Economics?
Political battles over the debt limit have been around nearly as long as the law passed by Congress in 1917 that set a statutory limit for how much debt the Treasury could accrue.
Since then, Congress has had to increase that limit on more than 100 occasions — and 40 of those times, lawmakers have tried to tie strings to raising the debt ceiling. In the last few years, though, there's been a marked escalation in those demands.