The Audio Pane has it's own cursor; If you are working in another Pane the Audio Pane cursor will still be visible and certain actions, like inserting sections during playback and recording, will always affect the chunk/section that the Audio Pane cursor is in.
As you record audio live into your project we will create links to any text that you type. Use the Link buttons at the top pf the Pane to show/hide the links.