Historian Niall Ferguson explains why, when it comes to amassing wealth, it's been the West versus the rest for the past 500 years. He suggests six killer apps that promote wealth, stability and innovation — and are now shareable.
Author and politician Chrystia Freeland says economic inequality is growing by leaps and bounds. She charts the rise of today's billionaire plutocrats and wonders what the concentration of wealth means for the rest of us.
Originally published on Fri October 18, 2013 8:46 am
Now that the government has reopened, attention turns to the next phase of the spending fight, a battle that is far from over.
The bill that President Obama signed early Thursday provides only a temporary respite to the partisan tussles that have perennially plagued the budget process. The government stays open through Jan. 15 and the federal borrowing authority is safe until Feb. 7. After that, all bets are off.
The former treasurer of Spain's ruling party said in court Friday that he delivered 7,500 euros in cash to the party's secretary-general, the latest fallout in a political slush fund scandal that has embroiled the Popular Party.
"I delivered the envelope" to Maria Dolores de Cospedal, Luis Barcenas said via videoconference at his trial.
Originally published on Fri October 18, 2013 11:01 am
Saudi Arabia says it will turn down a two-year seat on the United Nation's Security Council in protest over "double standards" in resolving international conflicts.
"Saudi Arabia ... is refraining from taking membership of the U.N. Security Council until it has reformed so it can effectively and practically perform its duties and discharge its responsibilities in maintaining international security and peace," said a Foreign Ministry statement issued on state media.
Good morning. I'm Renee Montagne. Even after sending home nearly all its staff during the shutdown, the Chicago office of the Environmental Protection Agency managed to detect a potentially toxic substance. A 16-year-old can of Campbell's soup was discovered in a refrigerator there. Apparently no one ever got to the back of the fridge until furloughed staff had to take home all their snacks.
A welcome back email included a reminder to keep the fridges clean. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
The government shutdown is over and that means the National Zoo's panda cam is back. After 16 days, it's a reminder they grow up so fast. When we last saw the zoo's panda cub, she was pink and mostly hairless, weighing just three pounds. So when the feed flickered to life yesterday, panda fans were delighted to see the cub has sprouted fur and grown to five pounds. She's also opened her eyes and ears. Maybe Congress should take a cue.
Everybody calls Treasury bills T-bills, and they work like this: The government promises to pay holders of T-bills a specific amount on a specific day in the near future. For the T-bill I bought, the government promised to pay $1,000 on Oct. 31.
I bought the T-bill on Tuesday, before Congress had made the debt-ceiling deal, so it was unclear whether I would get paid back on time.
Starr Cookman and Kylee Moreland Fenton have been inseparable since childhood. They live on the same street. Kylee, a nurse, was present for the delivery of Starr's son, Rowan. And when Rowan came home from the hospital breathing rapidly and spitting up his food, both friends were alarmed — even when the pediatrician said he was doing fine.
In recent weeks, economists have been worrying about the negative impact of the now-ended government shutdown and potential debt crisis.
But away from Capitol Hill, the economy has been getting a big boost: Gasoline prices have been declining, week after week. In some parts of the country, a gallon of unleaded regular gasoline is now down to less than $3 a gallon — a price most Americans haven't seen in three years.
And any time the pump price starts dropping, consumer spirits start rising.
In Nigeria an Islamist insurgency has claimed thousands of lives, most of them civilians. The Nigerian president imposed a security crackdown last spring in a bid to end the uprising. Now Amnesty International is out with a report warning that more than 950 people have died in military detention in Nigeria in just the first half of this year. And the attacks continue. NPR's West Africa correspondent, Ofeibea Quist-Arcton, reports from, Lagos.