The U.S. has had poet laureates, who seem to have worked out well, promoting poetry to the masses. But a bill to similarly sing the praises of scientific discovery and get more young people considering science careers is falling victim to politics.
European stock markets are jumping for joy, surging by more than 1 percent this morning. It’s thanks to the Federal Reserve. Investors have been cheered on by the Fed's announcement that it was not going to start tapering or reducing its monetary stimulus yet.
There had been a widespread expectation that the Fed would cut its bond purchases by at least $10 billion a month. The fact that the bond purchases will go on as before and the flood of cheap money will continue has buoyed up stocks and bonds.
But some financial analysts are not celebrating the extension of this level of stimulus.
“Where do you stop?” asks independent commentater Howard Wheeldon. “Do we reach a period where it’s impossible to stop it and it goes on permanently? I think that would be dangerous.”
The fear is that the continued stimulus will inflate another bubble in the price of houses and shares. Allister Heath, editor of the financial website City A.M., says the Fed’s decision could lead eventually to a catastrophic implosion that would make the crisis of 2007 and 2008 look like a blip.
With just two matches remaining in the qualifying rounds, Mexico is dangerously close to missing out on next year's FIFA World Cup in Brazil -- something that hasn't happened since 1990.
An absence at soccer's grandest stage would create a deep cut in the Mexican economy. During the last World Cup in South Africa, Mexico's team jersey outsold every other country and the team has an ongoing multi-million dollar sponsorship deal with Coca-Cola.
But León Krauze of Univision News says the effect will resonate in America as well. Radio and television stations in the U.S. would suffer a big blow from the loss of ratings and advertising money.
"The Mexican team is a revenue machine for companies on both sides of the border so it would be a tragedy if the team does not qualify for [the World Cup]," says Krauze.
Leon Krauze with Univision's KMEX in Los Angeles joins Marketplace Morning Report host David Brancaccio to discuss.
Document requests by the ACLU of Northern California have produced an inside look at the records of suspicious activity reports gathered by federal authorities. The feds appear to be keeping files on people based on tips that fall far below the threshold of reasonable suspicion.