The major central banks of the world moved Wednesday to prevent a banking crisis in Europe. They're providing more liquidity to the European banking system in hopes that big banks there will remain solvent and continue to make loans. The coordinated move by the central banks sent stock markets soaring. But it will not even begin to fix Europe's fundamental economic problems.
Amid continued political gridlock in Washington, New York Times Columnist Anand Giridharadas says governments should depoliticize the economy. He recently reported in Brazil, where he says jobs and yacht sales are up, and young locals are ecstatic about the future. He speaks with host Michel Martin.
More than 2 million public sector workers in Britain are expected to participate in Wednesday's strike to protest pension cutbacks. Thirty trade unions will join in, hitting public services from health, garbage and tax collection to schools, ports and airports.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.