The stock market hit some major milestones this week: The Standard & Poor's 500 index reached its highest level in more than three years, the Dow Jones industrial average settled in above 13,000 — up about 24 percent since early October — and the Nasdaq rose to its highest level in 11 years. Still, the Federal Reserve has been warning not to get too excited about where the economy is headed next.
David Kotok, chairman and chief investment officer at Cumberland Advisors, says there are a bunch of reason for stocks to be rising.
Today, flying is like riding a bus. But it wasn't always that way. Vaulted from the sands of Kitty Hawk and freed from military exigencies by the end of World War I, aviation soared into the 1920s and '30s on a direct course to tomorrow. Here are three flyers who not only helped open the skies, but also brought literary gems back from the cutting edge of progress, from a time when flying was the most exciting thing in the world.
Poor Rutherford B. Hayes. It wasn't bad enough that the 19th president, a Republican, was called "His Fraudulency" by Democrats during his one term in office (1877-1881) because of the unusual circumstances of how he "won."
Now, the current occupant of the White House, President Obama, was spreading a most assuredly inaccurate story, according to experts, about Hayes' reaction to an early telephone.
Here's one more piece of legal news. The U.S. Supreme Court will make same-day audio available of the upcoming arguments on the health care overhaul. The court says it's responding to extraordinary public interest in the case. Here's NPR's Nina Totenberg.
The Belgian filmmaking brothers, Jean-Pierre and Luc Dardenne, have won dozens of major international awards and they did it again with their latest movie. "The Kid With a Bike" won the Grand Jury Prize at Cannes last year. Today, it opens in some U.S. theaters and Howie Movshovitz of Colorado Public Radio tells us it's a story that goes well beyond a boy and his bicycle.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block. Spring training is underway at the New York Mets camp in Florida, but the baseball team and its fans are also focused on a different venue: U.S. District Court in Manhattan.
On Monday, a civil trial is scheduled to begin there for the team's owners. A federal judge has already ordered them to return $83 million in profits from Bernie Madoff's Ponzi scheme, but a trustee representing Madoff's victims wants even more.
Just a few years ago, not many people outside North Carolina knew of a small start-up called Public Policy Polling. It was founded by a Democratic businessman with no political experience. These days, PPP is one of the most prolific polling companies in the country, along with Gallup and Rasmussen.
From North Carolina Public Radio, Jessica Jones has the story of a political start-up turned success story.
JESSICA JONES, BYLINE: If you're a news junkie, you've probably already heard of Public Policy Polling.