A meeting of finance ministers from the 20 leading industrial and developing nations wrapped up over the weekend in Moscow. The nations agreed to not to target the exchange rates of their respective currencies amid concerns that competitive devaluation could spark a currency war.
Originally published on Sun February 17, 2013 2:08 pm
By Krishnadev Calamur
The White House and congressional Democrats are sounding the alarm bells over the consequences of the sequester, the across-the-board cuts to the budget that are scheduled to go into effect in March.
White House Chief of Staff Denis McDonough said the cuts would offset "pretty good" economic activity over the past few months. He said President Obama had a plan to cut an addition $1.5 trillion from the deficit.
From the steam engine to visions of a national high-speed rail system, railroads have made their mark on American culture.
In his first term, President Obama promised to create a national system of high-speed rail, though he was scarcely the first politician to have done so. The January 2010 stimulus bill allocated $8 billion for high-speed rail projects, but Congress rejected federal funding for it.
In his State of the Union address on Tuesday, the president reiterated the goal of having passenger rail rise again.
People around the world want the same thing from their doctors. First, do no harm. Second, take a look at this weird bump and tell me if I should get worried.
The job is basically the same in many countries around the world. But the pay is wildly different. The median salary for U.S. doctors is about $250,000 a year. In Western Europe, it's less than half that. In developing countries, the salaries are even lower.
In a fast-moving world, people from all over have demanded faster Internet speeds. But when you live out in the middle of nowhere, you can feel like you're in the Internet slow lane because broadband just isn't available.
NPR's business news starts with Europe's rocky economy.
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WERTHEIMER: It was a tough three months for the eurozone at the end of last year. The area fell deeper into recession.
And as NPR's John Ydstie reports, it's expected to remain in recession well into 2013.
JOHN YDSTIE, BYLINE: The output of the eurozone fell six-tenths of a percent in the final three months of last year, according to a report from Eurostat. The decline translates to an economy contracting at a 2.3 percent annual rate.
This week's debacle on the Carnival Triumph is a setback that may cost the company as much as $80 million and hurt the industry's image. Carnival says passengers who were on the Triumph the last five days without power were miserable, but at least they were safe. Industry watchers say Carnival generally has handled the mishap well, but that the industry may need to rethink how it deal with events like power outages on floating cities than can carry more than 5,000 people.