Nariman Behravesh, chief economist of IHS Global Insight, talks to Steve Inskeep about his economic forecasts for 2013. Among his predictions: the U.S. recovery will gradually pick up steam. Unless it falls off a cliff — then a recession will probably be unavoidable.
Wall Street didn't get much of a gift at the end of last week. The Dow lost 120 points, or nine-tenths of a percent, on Friday. The slump is partly tied to events in Washington last week — a Republican plan to avoid the "fiscal cliff" came undone.
All over India, an unusual name has been popping up on signs in restaurants and businesses. Indians have a growing affinity for the murderous dictator, and the connections between him and the subcontinent may explain why.
With Christmas on Tuesday this year, stores may be jam-packed this weekend. Those busy stores are also going to be on the lookout for shoplifters, especially at self-checkout machines, where it is a big problem.
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