The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. A Fed economist once described it as the "Ask Your Uncle" approach to figuring out what's going on in the economy.
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One month ago, Federal Reserve Chairman Ben Bernanke introduced the idea of winding down the Fed's massive stimulus programs. On that announcement, the markets tanked. Today, Bernanke said pretty much the same thing. But this time, the markets yawned.
As NPR's John Ydstie explains, the Fed chairman appears to have finally found the formula to ease Wall Street's concerns.
Rolling Stone's August cover shows accused Boston Marathon bomber Dzhokar Tsarnaev. Melissa Block speaks with Will Dana, managing editor of Rolling Stone magazine, about the editorial process of choosing cover photos, and why they chose this one.