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.
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.
Originally published on Thu July 11, 2013 12:12 pm
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.
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.
I'm Michel Martin and this is TELL ME MORE from NPR News. Later in the program, we're going to talk about something that might have happened to you. Somebody says something personally insulting about you, you heard it. You probably also had a moment where you weren't quite sure what to do about it. We'll talk with a woman who found herself in that very situation, and we'll find out what she did. That's later. But first, we want to continue our conversation with the Secretary of Housing and Urban Development, Shaun Donovan.
Originally published on Thu July 11, 2013 10:44 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:
Originally published on Thu July 11, 2013 11:02 am
As one of the world's largest gatherings of hackers, the Def Con conference has long welcomed experts from the security industry and the U.S. government, along with academics and hackers. But this year, Def Con's leader is asking federal workers to skip the event, due to recent revelations about U.S. electronic surveillance.
The request was announced Wednesday in a message titled, "Feds, we need some time apart," which was posted at the Def Con site. It reads: