And now another gloomy financial message. Nouriel Roubini is a New York University professor and former economic advisor to the Clinton administration. And he has the nickname Dr. Doom. Roubini is next in our series of conversations with topnotch economists. But unlike some of his colleagues, he does not claim to have a crystal ball; he makes warnings, not predictions. Nouriel Roubini joins us from New York.
Ten years ago, Andres Cortez, a chauffeur in Los Angeles, might have been part of the hordes of people dabbling in day trading or haunting the online stock forums. He might have been bragging to his friends about the money he made in tech stocks, or learning how to margin trade at a night school.
Instead, he keeps his distance from stocks.
As he stands by his car and waits for a passenger downtown, Cortez says he has a little money he's put aside and is keeping it in a savings account, where it earns virtually nothing.
Before the summer slips away, we raise a glass to hot August nights — and their perfect wine pairings. A good summer wine will be "light, bright and affordable," Leslie Sbrocco, author of The Simple and Savvy Wine Guide, tells NPR's Linda Wertheimer.
Whether you're on the beach, on the go or at the grill, Sbrocco offers recommendations for affordable reds and whites under $25.