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Planet Money
3:06 am
Fri November 15, 2013

What's A Bubble?

Robert Shiller and Eugene Fama shared this year's Nobel Memorial Prize.
AP

Originally published on Sun November 17, 2013 1:58 pm

Robert Shiller was surprised when he got the call telling him he'd won the Nobel Memorial Prize in economics — surprised that he'd won (of course), but also surprised that he was sharing the award with Eugene Fama.

"He and I seem to have very different views," Shiller told me. "It's like we're different religions."

In particular, they have very different views about economic bubbles.

"The word 'bubble' drives me nuts, frankly," Fama told me.

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Environment
3:04 am
Fri November 15, 2013

A Rancher And A Conservationist Forge An Unlikely Alliance

Trout fishing is big business in Montana, bringing in tens of millions of dollars annually.
Tom Murphy Getty Images/National Geographic

Originally published on Fri November 15, 2013 9:08 pm

Trout fishing is a magnet that draws people from around the world to places like Ovando, Mont. Just ask the owner of Blackfoot Angler and Supplies, Kathy Schoendoerfer.

"Every state in the nation has been through this little shop in Ovando, Montana, population 50," says Schoendoerfer with a mix of pride and perhaps a little fatigue. "And we've also had everybody from Russia, Latvia. We get a lot of Canadians, France, Finland, Brazil, Scotland, Germany, South Africa. We get a lot of business out here. You know, fly-fishing is huge."

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Around the Nation
3:03 am
Fri November 15, 2013

With Robberies Up, Oakland Residents Turn To Private Cops

Security officer Steven Long patrols the Sequoyah Hills neighborhood in Oakland, Calif. With city police struggling to control crime, several neighborhoods have hired private security to patrol local streets.
Justin Sullivan Getty Images

Originally published on Fri November 15, 2013 12:16 pm

The city of Oakland, Calif., is in the middle of a robbery epidemic. In response, some residents in several Oakland neighborhoods are taking matters into their own hands, hiring private security companies to patrol their neighborhoods.

Overall, robberies in Oakland are up 24 percent over the past year, with armed robberies up 45 percent. Since the recession dried up local tax revenues, the Oakland Police Department has been hamstrung by the loss of more than 200 officers and can't respond to all the calls it receives for help.

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The Salt
3:01 am
Fri November 15, 2013

Philippines Disaster Rekindles Fight Over Food Aid Rules

A relief worker looks over boxes of aid provided by the U.S. on November 14, 2013 in Leyte, Philippines. Proponents of food aid reform say it makes more sense for the U.S. to buy food donations locally than ship them across the globe.
Chris McGrath Getty Images

Originally published on Fri November 15, 2013 10:49 am

Emergency aid, including stocks of food, started arriving this week in cyclone-devastated areas of the Philippines; more is on the way.

The first wave of aid — high-energy biscuits designed to keep people alive when food is scarce — arrived via airlift. Huge shiploads of rice will be needed in the weeks and months to come. And exactly how the U.S. donates of that rice is a flashpoint in a long-running debate in Washington, D.C., about food aid.

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Parallels
2:58 am
Fri November 15, 2013

In France, Some Ask If Racism Is On The Rise

French Justice Minister Christiane Taubira has been the object of several racist taunts since she defended the government's gay marriage bill in parliament this spring. She is shown here at the Socialist Party's "Universite d'ete" in La Rochelle, in August.
Stephane Mahe Reuters/Landov

Originally published on Fri November 15, 2013 9:07 pm

For the past week or so, France has been deep in debate, wondering if there's a resurgence of an old colonial racism, or if people have just become more tolerant of bigots.

The questions stem from a series of race-based taunts against Justice Minister Christiane Taubira, who is black. Many of the statements seem to stem from Taubira's championing of the country's gay marriage legalization, which was signed into law in May.

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