Managing Director of the International Monetary Fund Christine Lagarde says recent actions by the European Central Bank mark a positive turning point in Europe's financial crisis. But she warned that uncertainty elsewhere will continue to slow the pace of the global recovery.
Back in July, the IMF was forecasting world growth of just under 4 percent for next year. The group's economists will issue a new forecast in a couple of weeks. Lagarde said the new projection still foresees a gradual recovery, but it will shave a few tenths of a percent off global growth.
Good morning, I'm Steve Inskeep. A State Department spokesman had an angry email exchange with a reporter, and Philippe Reines wrote: Feel free to use every word. So the reporter did, publishing their whole profane exchange, like this high-toned dialogue:
DAVID GREENE, HOST:
I'm misreading you as needlessly antagonistic.
INSKEEP: No, you read my email correctly. I found your statement offensive.
GREENE: Why ask questions you've already decided you know the answers to?
Originally published on Tue September 25, 2012 8:03 am
Campaign politics shadowing every word, President Barack Obama will step before the world and declare that anti-American rage and riots among Muslims abroad will never force the United States to backtrack on diplomacy.
In his final international address before the November election, Obama on Tuesday has a United Nations stage afforded to presidents, not presidential challengers. He will use it to try to boost his political standing without mentioning his opponent.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep.
DAVID GREENE, HOST:
And I'm David Greene. Good morning.
President Obama addresses the United Nations General Assembly today, at a time when U.S. embassies and consulates have been the target of protests across the Muslim world. Mr. Obama's aides say he will use this speech to again condemn the anti-Islam video that offended many Muslims.
NPR's business news starts with: somebody restock the shelves.
Apple says it sold more than 5 million of its new iPhone 5s over the weekend. The company says it has now run out of its initial stock. On its debut weekend, the iPhone 5 sold better than the last version of the iPhone. But sales were not quite as strong as many analyst expectations, and there are concerns about Apple's ability to keep up with demand.
It's not so much what Mitt Romney said about whether the government should guarantee people health care in his interview on CBS's 60 Minutes Sunday that has health care policy types buzzing. It's how that compares to what he has said before.
To back up a bit, Scott Pelley asked the former Massachusetts governor if he thinks "the government has a responsibility to provide health care to the 50 million Americans who don't have it today?"
The print newspaper industry may be struggling, but newsprint is alive and well on the walls of a new exhibition at the National Gallery of Art in Washington, D.C. The show is called "Shock of the News" — and it examines a century's worth of interaction between artists and the journals of their day.
The trading pits at the Chicago Board of Trade and the Mercantile Exchange have long been potent symbols of American capitalism. And they used to be as rough and tumble as the city itself, where burly men bought and sold commodities like hogs, cattle, corn and soybeans.
Trading volume has gone up considerably in recent years, but Chicago's trading pits are tamer places today — the result of a revolution futures trading has undergone over the past quarter century. Much of the trading has left the pits and gone electronic.