The spotlight on Egypt has focused on the the political fallout from the military coup that toppled an elected but deeply unpopular government. But if you think Egypt's politics are a mess, just consider the economy.
Tourism, a major revenue generator, has been hurting since the Arab uprisings of 2011 that toppled Hosni Mubarak. Foreign investment has shriveled. Unemployment in many industries has soared. Inflation has risen, making everyday goods more expensive. And there's a black market in currency and fuel.
Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. When the markets closed, the Standard & Poor's 500 Index was at a record high. Other U.S. indexes were also up, including the Dow Jones Industrial Average, which rose nearly 170 points to a record 15,460.92.
Update at 5 p.m. ET: We've updated some figures in this post to reflect the markets' closing.
If you look at the cover art of new albums by flutists Nicole Mitchell and Anna Webber, you'll see crystals. On Percussive Mechanics, Webber depicts a handful of glass shards carefully arranged as if to create an abstract sculpture. On Aquarius, Mitchell wraps herself in a sting of icicle lights — the kind you see hanging around Christmastime — which is appropriate, as her band is called Ice Crystal.
Originally published on Thu July 11, 2013 11:44 am
Google Glass isn't even available to the public yet. But the wearable technology that packs a tiny computer into a lightweight frame has already faced mockery, condemnation, fear and threats of regulation. As NPR's Steve Henn reported in May:
The jury weighing the guilt or innocence of the man accused in the shooting death of Florida teen Trayvon Martin can consider convicting George Zimmerman on a lesser charge of manslaughter, the judge ruled Thursday morning.
The Boston Strangler's final victim has been identified, according to police who say DNA tests have linked Albert DeSalvo, who confessed to being the serial killer, to the death of Mary Sullivan in 1964. The authorities will exhume DeSalvo's body to get "a biological sample" that might provide a 100 percent match.
There are three stages at the Newport Jazz Festival. At least two are always running simultaneously. Given the surfeit of options, it's rare to hear a complete set. The question begins to nag: Should be we somewhere else? And away you go, leaving a work in progress to make sure you don't miss one getting underway.
But sometimes if you choose a spot on the lawn and stay put, the juxtaposition of two bands delivers a fine festival experience. Sunday morning, August 5, 2012, on the Quad Stage is such a time.
You may have noticed that houses are selling a little faster and prices are going up. But not everyone is feeling the benefits. Host Michel Martin speaks with U.S. Secretary of Housing and Urban Development, Shaun Donovan, about what happened, and what's next in the housing sector.