Hey mutual fund investors: Think you can beat the market? Charley Ellis, who's worked in investment management for 50 years, doubts it. That's because the fees actively managed funds charge can get expensive.
NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.
When my old pal the Sports Curmudgeon had some mildly churlish things to say about golf a few weeks ago, both he and I were upbraided by loyal linksters. As one snapped at me, "You don't know anything about golf."
It's MORNING EDITION from NPR News. I'm Renee Montagne.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer.
When the American combat mission in Afghanistan ends next year, one concern for U.S. officials is the possibility that the Afghan security forces will then splinter along ethnic lines, and the warlords of the past will reemerge.
MONTAGNE: One word, the definition: A law concerning the delegation of duties for the supervision of cattle marking and the labeling of beef. The law is outdated, so officials are saying auf wiedersehen.
Lawyers for Apple will be back in court today, defending the company against government charges that it conspired with publishers to fix eBook prices. All the major publishing houses settled months ago with the Justice Department.
But as NPR's Laura Sydell reports, Apple's lawyer told the court the company won't settle because it did nothing wrong.
The law enforcement community is celebrating a U.S. Supreme Court ruling that allows police to automatically take DNA samples from people they've arrested. The 5-to-4 decision allows police to send those samples to a national crime scene database, to see if they match DNA from unsolved crimes.
President Obama will nominate three new judges this morning to the powerful Federal Appeals Court in Washington D.C. The announcement is expected to come in the White House Rose Garden, and as NPR's Scott Horsley reports, there could be a few thorns.
Things are not going do well for the online game maker Zynga. The once high-flying gaming company has been struggling and now plans to lay off almost 20 percent of its staff; that's more than 500 employees.