The Dow Jones Industrial Average crossed the 13,000 mark for the first time in nearly four years on Tuesday. The market has been rallying on a spate of good news about the economy and the absence of anything really bad.
European leaders saved Greece from a messy default — and a possible exit from the Eurozone — by finalizing a second bailout, with loans amounting to around $170 million. Greek politicians are celebrating for now, but most Greeks are filled with dread. They fear the new austerity measures will drag out the recession — which is in its fifth year — and continue to push up unemployment, which is already more than 21 percent overall.
A little more than a year ago, NPR launched the Road Back to Work series, following six people in St. Louis who started 2011 unemployed and were searching for work. Like so many Americans, the people we followed have had difficulty getting health coverage, even after returning to work.
The visit of Chinese Vice President and heir apparent Xi Jingping to the United States, raised questions about internal Chinese politics — from human rights to technological development — and how the country will be governed in the future.
Americans have tended to save more and spend less in the years since the economic downturn in 2008. But according to a survey from BankRate.com, only 54 percent of Americans have more emergency savings than credit card debt.
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