Bill Gross, founder and managing director of PIMCO, runs the world's largest mutual fund. What he had to say about the markets to Michele Norris on today's edition of All Things Considered was pretty gloomy.
Michele asked him what advice he would give to friends and family facing economic uncertainty and tumbling markets. He said first of all they should "lower their expectations."
He also said they should listen to the words of Will Rogers, a newspaper columnist, who said "I'm more concerned about the return of my money as opposed to the return on my money."
After more rioting overnight, British Prime Minister David Cameron said Wednesday that it was time to fight back, vowing that he wouldn't allow "a culture of fear" take over the country's streets.
"Whatever resources the police need, they will get; whatever tactics police feel they need to employ, they will have legal backing to do so. We will do whatever is necessary to restore law and order on to our streets," he said in a statement outside his Downing Street office Wednesday.
When people hear you're a writer, they often ask "where do you get your ideas?"
I sometimes wonder too, but in most cases I curb my curiosity. The eccentric private lives of certain authors, their unconventional lifestyles, their all-round touch of strange carry an implied warning — my friend, you don't want to know.
Nigel Richards successfully defended his National Scrabble Championship title in Dallas, winning a $10,000 first prize.
Credit Patricia Hocker / PR NEWSWIRE
The king of American Scrabble has kept his crown, as Nigel Richards spelled his way to the 2011 National Scrabble Championship title and a $10,000 prize. Richards, 44, is a former world champion from Kuala Lumpur, Malaysia.
Meat preservatives like nitrites and sodium have been linked to insulin resistance, which might explain the link between Type 2 diabetes and high consumption of these meats, researchers say.
Let's begin with some well-worn advice: Moderation is key. So go ahead and eat that hot dog at the state fair or some bacon on vacation. But take note: People who eat lots of processed meats over their lifetime seem to have a higher risk of developing Type 2 diabetes (and heart disease).
Flamenco dancer Merche Esmeralda performs during a flamenco festival in Jerez, Spain, in 2006.
Credit Jose Luis Roca / AFP/Getty Images
I've been dancing flamenco for years. I love it. Flamenco's got attitude. It makes me feel like I've got attitude. Dancing is like letting out a scream from the feet up, all emotion and passion. I need it after the work I do every day. As a public defender in Manhattan, I deal with clients stuck in desperate situations.
Flamenco recharges me. It's exotic, and fun, and I'm good at it. But no matter how long I've been dancing, I'm never as good as I want to be. Maybe because I'm not a professional, or maybe because I'm not a Gypsy.
Siami, a curtain-maker who goes by one name, is mother of Alifah Achmad Maulana. Neighbors hounded the family out of their village outside Surabaya, Indonesia, after she complained about cheating on the national high school entrance exam at the village public school.
Credit Anthony Kuhn / NPR
At the end of the summer exam season in Indonesia, education officials announced extraordinary results: a 99 percent pass rate for national high school entrance exams.
But among many Indonesians, the claim aroused scorn and suspicion of the country's education system, thanks in part to a young man named Alifah Achmad Maulana.
Alifah rides home from school most days on the back of his dad's motorbike. The pair tool past banana trees and hanging laundry to their small house in Gadel village outside Indonesia's second-largest city, Surabaya.
Tariq Ahmed, a jobless father of six sons and one daughter, insisted on having another child. His wife, Rani Tariq, said she was already ill and over-burdened with seven children. But she's pregnant again.
Credit Julie McCarthy / NPR
In Pakistan, family planning is an uncomfortable topic fraught with religious overtones.
But in one of Asia's fastest growing populations, a story of women giving birth challenges stereotypes, including what Islam has to say about women's health and family planning.
According to a new government survey, Pakistan is producing nearly 4 million babies every year, and most are born into poverty. The World Bank says 60 percent of Pakistanis live on less than $2 a day.
The U.S. budget deficit stood at $1.1 trillion through July, the Treasury Department says, making 2011 the third consecutive year that the deficit has hit at least $1 trillion. The federal government's budget year begins in October, leaving two more months in which the deficit might rise.
Looking at the numbers for July alone, the U.S. budget shortfall was $129 billion — a drop in spending from July 2010, according to Bloomberg.
A mouse runs onto the pitch during the English Premier League football match. The hybrid, poison resistant mouse hasn't reached England, so this is one probably has its DNA intact.
Credit Andrew Yates / AFP/Getty Images
Here's a piece of biology news that escaped us, last month, but was brought to our attention by a story in the BBC today: Biologist have found the reason house mice in Spain and Germany have grown immune to warfarin, a commonly used poison.
The idea of a poison-resistant mouse is a bit unsettling, but how it came to be is fascinating tale of cross-species sex. The BBC reports: