U.S. households owe a bit less than they did at the peak of the bubble. But they still owe a lot: $11.4 trillion, give or take a few billion. Mortgage and home-equity debt is still by far the biggest chunk of that debt.
Originally published on Mon November 26, 2012 5:49 pm
When Syrian rebels seized the border post at Ras al-Ayn on Nov. 8, they celebrated the victory and went on to "liberate" the town, a place where both Arabs and Kurds live on Syria's northeast border with Turkey.
But the Kurdish inhabitants quickly saw their "liberation" as a disaster. Within days, dozens were dead in clashes between Kurdish militias and the rebels.
Jazz reflects who we are as a people — democracy in action and all that. But a jazz tune or solo is also a portrait of the musician who makes it; the music reflects the particular background and training that influences how composers compose and improvisers improvise. Jason Kao Hwang makes that autobiographical component explicit throughout his extended composition for eight pieces, Burning Bridge. His parents made the move from China around the end of WWII, and he grew up attending Presbyterian services in suburban Chicago.
Congress comes back to work this week and the fiscal cliff is its top priority. Some Republicans have said they'll break a longstanding pledge not to raise taxes. Host Michel Martin talks politics with columnist Mary Kate Cary of U.S. News and World Report and The Root's political correspondent Keli Goff.
Originally published on Mon November 26, 2012 11:15 am
(We updated the top of this post at 11:50 a.m. and 12:15 p.m ET):
Moving quickly after the announcement that Securities and Exchange Commission Chairman Mary Schapiro is leaving on Dec. 14, the White House just said that President Obama has designated SEC Commissioner Elisse Walter to be her replacement.
Originally published on Thu November 29, 2012 12:29 pm
In the New York Times this week, Anthony Tommasini has a series in both print and video about those microcosmic musical moments like "a fleeting passage, a short series of chords, some unexpected shift in a melodic line — when something occurs that just grabs us." What links these diverse bits from Chopin to Puccini to Mahler together?
Originally published on Sun November 25, 2012 9:33 pm
Up-close, a multi-disciplinary work by Dutch composer and director Michel van der Aa that combines a piercing cello concerto with an enigmatic silent film, has won the prestigious Grawemeyer Award for Music Composition. The prize, which carries with it $100,000, was announced this evening by the University of Louisville, which sponsors the honor.
Time has a way of condensing major historical events into a few key moments, with one-dimensional, legendary figures at the forefront. In his new book, author and archivist Todd Andrlik gives life and depth to one such event — the American Revolution. He uses newspaper reporting from that era to provide a sense of the Revolution as it actually unfolded.
Originally published on Wed November 21, 2012 6:03 am
He may not have a Ninja Turtle named after him, but Tiziano Vecellio of Venice — Titian, to English speakers — has a claim to being the most enduringly influential painter of the Renaissance, even more than his Roman contemporaries Michelangelo and Raphael. Something about him drives his fans to excess. Peter Paul Rubens painted nearly two-dozen copies of Titian's work; Anthony van Dyck bought 19 Titians for his own collection. Velazquez and Rembrandt worshipped him.
Missy Mazzoli, a 32-year-old composer from Brooklyn, says she never wanted to write an opera until she read the journals of Isabelle Eberhardt, a Swiss adventurer from the turn of the 20th century. Oddly enough, Mazzoli first learned about Eberhardt while listening to NPR. Years later, she stumbled upon the explorer's journals in a bookstore.