U.S. employment is stalled, growth is anemic, and the Federal Reserve has decided not to take action for at least another month.
Most economists weren't expecting the Federal Open Markets Committee, which sets the Fed's monetary policy, to announce another round of quantitative easing — a fancy term that basically means the central bank buys bonds to increase the money supply and make borrowing cheaper — at this week's meeting. Still, that's exactly what a number of them think is needed.
Gil Evans, born a century ago this year, was a leading jazz arranger and composer starting in the 1940s, when he wrote for big bands. He helped organize Miles Davis' Birth of the Cool sessions, then arranged Davis' celebrated orchestra albums like Sketches of Spain. Evans, who had his own big bands that went electric in the 1970s and '80s, died in 1991, but some of his rare music has been newly recorded.
In his latest book, Pulitzer Prize-winning journalist and author Chris Hedges takes a look at the tensions that arise between profit, progress, technology and the pursuit of the American dream. Days of Destruction, Days of Revolt, written with co-author Joe Sacco, critiques an economic system that they say abandons too many Americans.