Volatile stock market has many worried Asian markets were up, and European markets are down Wednesday as investors responded to what has been a volatile week so far. MPR's chief economics correspondent Chris Farrell answers some questions about the economic situation.7:50 a.m.
National Public Radio Stories
Long-Awaited Fallujah Rebuilding Shows Promise
In 2004, the battle for Fallujah came at a huge cost. Many of the al-Qaida militants escaped to fight another day, and Fallujah was largely destroyed. The United States had promised that reconstruction would begin immediately. It didn't. But it is happening now.
Chronically Homeless See New Woes in New Orleans
In New Orleans, work is almost complete on the first subsidized houses and apartments for thousands of homeless people with mental or physical disabilities. But they can't move in because Congress never came up with money to help pay the rent.
Analysts Weigh Recession Forecast
Investors are worried about the mounting evidence that the United States is headed for a recession. Many economists say that if a recession comes, it would probably be over quickly. But they say a downturn overseas could prolong it.
Market Slide Tests Asian 'Decoupling' Theory
The experience of factory workers in Dongguan City suggests their well-being remains tied to the financial health of the United States. That contrasts with a theory that China's economy has grown enough that it has "decoupled" from U.S. influence.
Many British Muslim Women Embrace Political Islam
British authorities are worried about the rising number of young Muslim women who are embracing a political form of Islam. A 2006 Pew poll showed 81 percent of Muslims surveyed considered their Islamic identity more important than being British.
Ledger's Death Is Film World's Loss
An autopsy is scheduled Wednesday for Heath Ledger, a day after the 28-year-old actor was found dead at his New York apartment. Ledger's Oscar nomination for Brokeback Mountain was the highlight of a career filled with promise.
Wall Breached, Palestinians Stream Into Egypt
After masked men destroyed much of a seven-mile-long wall that separated the Gaza Strip from the Egyptian town of Rafah, tens of thousands of Palestinians poured across the border. They are seeking supplies made scarce by an Israeli blockade of Gaza.
Asian Markets Bounce Back from Slide
The Fed's rate cut, aimed at helping stabilize the American economy, appears to have appeased Asian markets. Most rebounded strongly Wednesday.
European Markets Open Lower
How will Europe's markets react a day after the U.S. rate cut? So far, they're not as enthusiastic as their Asian counterparts. Share prices in top European companies are down in early trading.
S.F. Wins Round in Health Insurance Battle
A federal court has cleared the way for San Francisco to start charging employers for the health-care costs of uninsured employees. Restaurant owners have sued to block the ordinance, but for now, the court says the city has the right to begin collecting premiums.