This month marks the 150th anniversary of the Emancipation Proclamation, which President Lincoln issued on Jan. 1, 1863, in the midst of the Civil War. The document declares that all those held as slaves within any state, or part of a state, in rebellion "shall be then, thenceforward and forever free."
Historian Bruce Levine explores the destruction of the old South and the reunified country that emerged from the Civil War in his new book, The Fall of the House of Dixie. He says one result of the document was a flood of black men from the South into the Union Army.
Originally published on Mon March 11, 2013 6:50 pm
Few bands would categorize their sound as "mountaintop chamber music," yet The Last Bison's classical-influenced Southern folk-rock actually fits the bill. The septet emerged from the marshes of Chesapeake, Va., a couple years ago, and has since made a name for itself with its complex arrangements, refined lyrics and vocal harmonies. Singer-guitarist Ben Hardesty is the group's primary songwriter, and his style recalls the work of Mumford & Sons, The Decemberists and Fleet Foxes.
Originally published on Tue January 8, 2013 3:24 pm
In the European Union, unemployment rates in the region that uses the euro currency are at their highest ever, as a returned recession, falling income levels and persistent debt concerns trouble the region's economy, as its latest statistics show.
After nearly five years of economic crises, the European Union is also seeing more divergence between its member nations, particularly in the north, where economies have resilience, as opposed to the south, where unemployment rates are an average of more than 7 points higher.
Originally published on Fri January 11, 2013 7:43 am
Time was that a Swiss bank account was synonymous with confidentiality and keeping assets from prying eyes. No more.
Last week, Switzerland's oldest bank, Wegelin & Co., pleaded guilty in a New York court to helping Americans hide $1.2 billion from the Internal Revenue Service over a decade-long period. Wegelin's plea, and a $57.8 million fine, forced the bank to shut its doors. It follows a $780 million settlement with UBS in 2009 that forced the Swiss banking giant to identify the names of its U.S. account holders.
Southern Louisiana in the early 1960s was a hotbed of musical creativity among youngsters who'd been raised listening to French-language country music and Fats Domino. They combined those — and other — influences to make what's now called "swamp pop." Joe Barry was a pioneer in this area who should have been much bigger.
The widow of slain Civil Rights organizer Medgar Evers will deliver the invocation at President Obama's inauguration. Myrlie Evers-Williams will become the first woman, and someone other than clergy, to say the prayer that precedes the ceremonial oath of office, as The Washington Post reports.
The inaugural ceremony will take place on Jan. 21, Martin Luther King Jr. Day.
It's been two years since the shooting in Tucson, Ariz., that killed six people and injured former Rep. Gabrielle Giffords, D-Ariz. To learn what has and hasn't changed since then, host Michel Martin talks with Daniel Hernandez Jr., Giffords' former intern who was credited with saving her life, and Carolyn Lukensmeyer of the National Institute for Civil Discourse.
On-air challenge: This week's puzzle celebrates ringing in the new year. Take the letters Y-E-A-R. Add one letter and scramble to make a new word that answers the clue. For example, by adding the letter B to Y-E-A-R, with the clue "maker of aspirin," the answer would be "Bayer."
Originally published on Tue January 8, 2013 10:14 am
Huell Howser, a fixture of public television in California, has died at 67. Howser hosted several public television programs, the most popular being California's Gold, which celebrated the state's unique stories and natural beauty.
Originally published on Mon January 7, 2013 9:14 am
Manil Suri is the author of the forthcoming novel The City of Devi.
Through the 1960s and '70s and well into the present century, Harold Robbins' name has stood out in India as someone who has perhaps educated the entire repressed subcontinent (or at least its English-speaking population) about sex.
Originally published on Mon January 14, 2013 5:59 pm
We don't hear much about bank liquidity, partly because it sounds so dull. It's much more fun to talk about prop trading (fear the London Whale!) or structured finance (synthetic CDOs are crazy!).
But if you're trying to figure out how safe banks are — and how willing they'll be to make loans to ordinary people — liquidity is at least as important as other, more-dramatic-sounding corners of finance.
So the new liquidity rules global banking regulators released yesterday are a big deal for the real economy.