Across debt-ridden Greece, people are turning to a simpler form of commerce, using both formal and informal systems of bartering as a means to make ends meet. In places such as the fishing village of Volos, swapping goods and services is also fostering a new sense of community.
Founded in the 1970s in India to eliminate needless blindness, Aravind Eye Care has grown to 4,000 beds in seven hospitals — and its surgeons are among the most efficient in the world. The hospital system conducts 300,000 surgeries a year, and about half are free.
A package of tough new economic sanctions imposed this week by the Arab League is another blow to the government of Syrian President Bashar Assad. But will international pressure really help the people of Syria? Melissa Block talks with Kimberly Ann Elliott, a senior fellow at the Center for Global Development. Elliott co-authored a case study on sanctions against Syria that was published by the Peterson Institute.
Guy Raz speaks with Todd Stern, the U.S. special envoy for climate change. He talks about what will — and won't — be accomplished at the U.N. climate talks in Durban, South Africa. Stern predicts no binding agreement to reduce carbon emissions will come out of these talks. He says that's because developing countries such as China and India are not prepared to agree to reductions that would treat developing and developed nations equally. Stern points to the previous round of U.N. talks as having produced an important nonbinding agreement and says all the nations involved are taking that agreement seriously.
American Airline's parent company AMR has filed for bankruptcy protection. American will continue to operate its flights as usual. The airline will use bankruptcy to off-load some of the debt that is weighing it down.
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