The S&P 500 went up 29 percent in the year gone by. The Nasdaq Composite rose nearly 40 percent. But this has prompted an argument that stock prices in 2013 were like cotton candy, lots of size, but not a lot of substance. Marketplace's Economics guy Chris Farrell has been considering this.
The argument comes down to the idea that the gains of 2013 reflected more of the Fed's quantitative easing rather than any real economic improvement, and that prices are bound to come tumbling back down sooner or later. But does the claim that the stock markets' gains have no substance, hold up?
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Parts of the Northeast and New England are expected to be hit the hardest today and Friday. More than a foot of snow may fall on Boston. The wind chill may plunge to 40 degrees below zero in the Adirondacks. Flight delays and cancellations are piling up along with the snow.
Never paid for local TV news? Well, that may be changing. Cincinnati’s WCPO-TV is going to offer local investigative stories behind a paywall. It’s added 30 digital staffers.
“What they’re saying is, don’t think of us as TV, think of us as your best local digital news source,” says Ken Doctor, a media consultant.
The way WCPO-TV sees it, it’s go digital and dominate -- or die. Adam Symson, who is chief digital officer for the station's owner, E.W. Scripps, says Cincinnati’s many TV and radio stations won’t all survive. Symson is hoping a beefed up web presence will ensure market dominance.
“This is not just an investment in growing a digital audience,” he says. “This is an investment in the brand, WCPO, the television ratings and the digital audience.”
The question is, will people pay for something they’re used to getting for free? Other TV stations are watching WCPO’s web experiment closely, to find out.
Today is the second day of the new year and if you haven't started with major life changes you are already a day behind schedule. You might be hoping to get some help from apps. Whitson Gordon, editor in chief of Lifehacker, joins us to offer some advice.
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The 52 scientists and paying passengers aboard the MV Akademik Shokalskiy had been stranded by ice since Christmas Eve. They've been flown by helicopter to an Australian ship in open waters. The 22 crew members of the Akademik Shokalskiy are staying behind. It's hoped the ship will soon break free.