Home prices across the U.S. have dropped 30 percent from their peaks, a downturn that has sapped trillions of dollars in wealth from Americans. Not surprisingly, it's a hot topic for presidential candidates this campaign season. But so far, new ideas about how to fix the crisis have been scarce.
On Monday, President Obama is visiting Nevada, where he's expected to announce his administration's latest proposals on housing. The state is at the epicenter of the downturn, with the latest reports showing home prices and sales numbers continuing to slip.
With a bill of about $15 billion a year the U.S. military is the largest energy user in the country by far, so the Defense Department has been finding alternative ways to meet its energy needs with help from Silicon Valley.
But this partnership between the military and clean tech companies is taking some heat in the midst of discussions about Solyndra, the failed solar panel manufacturer, and the riskiness of green startups.
Secretary of State Hillary Clinton has just returned to the U.S. after a weeklong trip through Central Asia. Most of her stops were associated with two issues: the war in Afghanistan, and frayed relations with Pakistan. Clinton described her talks with U.S. and Pakistani military leaders as very comprehensive.
European political leaders failed to come to agreement over the weekend on key issues to try to stem the debt crisis that threatens to spread from the smaller economies of Greece and Portugal to Europe's third- and fourth-largest economies: Italy and Spain. EU leaders vowed to keep working toward a wide-ranging plan at a second meeting Wednesday.
The ragtag militias that overran Moammar Gadhafi's hometown included at least one American. Reporter Marine Olivesi spoke with him on several occasions during the battle and sent us this report.
MARINE OLIVESI: At the makeshift cafeteria set up a couple of miles west of Sirte, a young man stands out in the crowd of disheveled fighters. He wears Oakley sunglasses, a helmet on his shaved head, and a khaki bulletproof jacket on a fit body. Then, there's the accent.
RENEE MONTAGNE, host: The Texas Rangers beat the St. Louis Cardinals four to nothing in Arlington, Texas last night. The win evens the series at two games apiece. The keys to the Rangers' victory were a single swing to the bat on offense and 112 pitches from their starter, Derek Holland. NPR's Mike Pesca was at the ballpark and filed this report.
MIKE PESCA: Mike Napoli - Napoli. It's fun to say. Napoli.
Top European finance officials met again Sunday in Brussels to try and prevent a financial collapse and save the continent from its debt crisis.
Europe's debt situation differs from what happened in 2008 in the U.S., where banks lent money to fuel an unsustainable housing boom. Still, a default in Europe could have serious consequences on Wall Street and on global markets.
As the European markets get closer to a meltdown and the echoes of the 2008 banking crisis still resonate in the U.S., has anything changed on Wall Street in the past few years?
Originally published on Sun October 23, 2011 3:24 pm
Afghan President Hamid Karzai says that in a war between Pakistan and the U.S., Afghanistan would support Pakistan.
"If fighting starts between Pakistan and the U.S., we are beside Pakistan," he said in an interview with private Pakistani television station GEO that aired Saturday. "If Pakistan is attacked and the people of Pakistan need Afghanistan's help, Afghanistan will be there with you."