If you want to gain a good insight into Pakistan's economic situation, just look at a few of the country's newspaper headlines on any given day. The language says it all: prices soar, stocks plunge, budget deficit swells, foreign investment evaporates — and the list goes on.
Now, analysts are increasingly worried that the faltering economy could join Pakistan's pervasive insurgency and repeated political upheavals as another serious threat to the country's stability.
Nicole Kotovos was searching for a way to start a new life when the idea struck her: She would go to her ancestral homeland of Greece and open an American-style bakery cafe. She would bring the cupcake fad to Athens.
What she didn't figure on was the historic downturn in the Greek economy.
The former New York TV producer arrived in 2008, just as the country's debt-mired economy was falling into a deep recession it still hasn't emerged from.
If buying a local wine just isn't local enough for you, then you might consider joining the growing ranks of people making homemade wine this fall.
Some home winemakers make wine with friends for fun, some make wine with family for tradition; some make it "old school," adding nothing, and drink it by Christmas; others do it "new school," adding preservatives, and wait a year or more to bottle.
Originally published on Wed October 3, 2012 6:07 pm
Credit Maureen Langlois / NPR
It's harvest time in the heartland, but not just for apples and squash. In small, back-lot ponds on farms across the Midwest, a different crop has been growing all summer. They're substantial, slightly sweet and a revelation to the land-locked palate, not to mention worth top dollar. Yep, it's shrimp season in Ohio.
But don't ask for any Midwestern shrimp at your local fishmonger. There aren't enough yet to make it to the store.
In their first debate Wednesday night, the two presidential candidates will explain their plans for fixing the U.S. economy.
The problems are complicated and long-standing, so the solutions may not be easy to spell out in the two minutes allowed for each answer under the debate rules.
But President Obama, the Democratic incumbent, and former Gov. Mitt Romney, his Republican challenger, will try, and about 60 million people are expected to tune in. This first debate will focus on domestic issues, with the economy topping the list of homefront problems.
There's a neighborhood in New York City that has always been a mystery to us. Smack dab in the middle of Manhattan, around 29th street, is the wholesale district. There you can find rows of narrow storefronts packed to the ceiling with trinkets. Racks and racks of fake gold chains. Acres of souvenir lighters and walls of belt buckles. Plastic, plastic, plastic toys.
NPR's business news starts with good news for automakers.
U.S. auto sales last month were the best they've been in four and a half years. That's according to numbers compiled by the research firm Auto Data. Experts give credit the boost in sales to cheap financing for car loans and growing consumer confidence. Transcript provided by NPR, Copyright NPR.
And today's last word in business is: unidentified.
Apple has been much criticized for new iPhone software. It erases the Google Maps function that a lot of people like and replaces it with Apple's own maps of the world, which have been criticized for leaving out seemingly vital information - like roads, entire towns, things that were on the map when Apple still used Google.
We're following up this morning on the collapse of Iran's rial, it's currency which is leading to major developments today. Over the past week, Iran's currency has lost about 40 percent of its value or more, falling to an all-time low against the U.S. dollar, this as a result of U.S. and other sanctions against Iran. And that has led to protests and violence in the streets of Tehran today.
We're going to catch up now with Thomas Erdbrink. He's Tehran bureau chief for the New York Times. Welcome back to the program.