Stocks closed sharply lower Thursday after investors sold stocks with abandon, convinced that the U.S. and the world are headed for a new recession.
The Dow Jones industrial average fell as much as 527 points, the second consecutive rout since the Federal Reserve announced a change in strategy for fighting the economic slowdown.
At the close of trading, the Dow was down 391.01 points, or 3.5 percent, at 10,733.83. The Standard & Poor's 500 index fell 37.18, or 3.2 percent, to 1,129.58. The Nasdaq composite fell 82.52, or 3.3 percent, to 2,455.67.
In an interview with All Things Considered's Michele Norris, the United States' ambassador to the United Nations said the U.S. supports an independent Palestinian state, but trying to achieve that by asking the U.N. to recognize Palestine as a state is "unwise and counterproductive."
Ambassador Susan Rice echoed President Obama, saying "there's no shortcut; there's no magic wand," toward Palestinian statehood. She said the only way to reach a solution is for Israelis and Palestinians to return to the negotiating table.
Zhu Jian Qiang, or "Strong-Willed Pig", survived for 36 days in the rubble of a home in southwest China after the devastating earthquake there in 2008. It's thought he only had water and charcoal to live on.
Since then, the castrated male has gone on to be a featured part of an earthquake museum in Dayi, China. And now, he'll live on — sort of — after he dies.
To make the point that America's infrastructure is in need of repair and the federal government should do it, President Obama traveled to the Brent Spence Bridge. It runs over the Ohio River, and it connects House Speaker John Boehner's Ohio to Senate Minority Leader Mitch McConnell's Kentucky. Melissa Block talks to NPR's Ari Shapiro for more.
Stock markets from Tokyo to New York were down sharply Thursday. Major European indices were down 4 percent and 5 percent. In the U.S., the Dow and S&P fell more than 3 percent. Melissa Block talks with NPR's John Ydstie about what's driving the selloff.
"Extremist organizations serving as proxies of the government of Pakistan are attacking Afghan troops and civilians as well as U.S. soldiers," the outgoing chairman of the Joint Chiefs of Staff told Congress today, in some of the sharpest words so far about what U.S. officials say is Pakistan's support of terrorist groups.
U.S. military officials have for years talked of links between Pakistan's spy agency and militant groups attacking American targets across the border in Afghanistan.
During a hearing Thursday on Capitol Hill, the top U.S. military officer said there's proof.
The chairman of the Joint Chiefs of Staff, Adm. Mike Mullen, was blunt. Supported by Pakistan's Inter-Services Intelligence (ISI) agency, the militant Haqqani network was responsible for attacks that included the one on the U.S. Embassy in Kabul last week, he said.
The corner of 15th and K streets in Washington, D.C., is busy. Buses, trucks, cars and taxis zip by. There are pedestrians and, increasingly, bikes.
Some 57 million adults ride bicycles in the U.S., whether for commuting or exercise or fun. Cities are adding bike lanes with the help of a federal program that gets its money from the highway bill. Some Senate Republicans tried — and ultimately failed — to block funding for that program, which also pays for sidewalks and other pedestrian improvements.
Governor Steve Beshear and First Lady Jane Beshear are calling on all Kentuckians to protect themselves against flu this season. Both recently received their influenza vaccinations from the local First Onsite Clinic nurse practitioners, who provide health care services for state employees in several state office clinics. “The single best way to prevent the flu is to get a vaccine each season,” Gov. Beshear said. “The availability and affordability of the vaccine make it easier than ever to protect yourself.”