As Phil reported, things are still pretty tough for the people of Ireland, but there's one man who thinks things there will start to look up before too long. He's prepared to put money on it, billions in fact.
Michael Hasenstab is what's known as a contrarian investor. He's just about the only person prepared to bet that Ireland's fortunes will greatly improve over the next couple of years. Michael Hasenstab joins us from Templeton Investments in San Mateo, California.
Many lives are being turned completely upside down by the eurozone crisis. That's especially true in Ireland, where they're still clearing up the mess left when the property bubble burst. Thousands of homes lie empty and unsold. And as NPR's Philip Reeves reports, some people have been left with colossal debts.
PHILIP REEVES, BYLINE: Step, for a minute, into the strange world of Jill Godsil. She lives among the farms and villages and rolling hills of Ireland's Wicklow County. The countryside's spectacular.
Throughout this last week while the Chinese vice president was visiting the United States, there was a lot of talk about America and American business finding new opportunities in China, selling more to Chinese consumers instead of just buying so much from the world's second largest economy. Many Americans also see China as an unstoppable economic force that's surpassing the United States. But how does all this look from China? We're going to now to NPR's Shanghai correspondent, Frank Langfitt. Frank, thanks for being with us.
Originally published on Fri February 24, 2012 11:54 am
How do you know you're in Kansas City, Missouri? Follow the smoke, and listen for this:
"Hi, may I help you?"
At the famed Gates Bar-B-Q in Kansas City, "May I help you?" is a kind of mantra.
It's how people standing in front of the barbecue pits greet all who walk in the door, while ribs, brisket, turkey, and for all I know, pillow stuffing sizzle, pop, and get saturated with smoke and the signature sauce of Ollie Gates, the barbecue master.
On a recent wintry day, Kansas City eighth-grader Yak Nak sat before a Missouri state Senate committee. He was there to tell lawmakers why his family had sacrificed to send him to a parochial school.
"Even though it was a struggle for my family, the reputation of the public schools in my area was not as good as my parents would have hoped," he said. "They knew there was no time to waste when dealing with young minds, and education was more valuable than any money they could save."
Consider this: Yak Nak and his family are refugees from Sudan.
Originally published on Sun February 19, 2012 10:04 am
Stepping out of my hotel on Friday evening, I could see cars backed up for miles, stretching all the way around the Benghazi's biggest lake, not far from the shores of the Mediterranean.
Horns blared in every direction, but not just car horns: bull horns, oo-gahhorns, vuvuzelas, aerosol-powered horns, even a bagpipe or two. The air smelled of exhaust, gasoline and the occasional whiff of hash. It was a cacophonous mess, overwhelming, painful to the ears, joyful, extraordinary.
Every year, roughly 750,000 high school dropouts try to improve their educational and employment prospects by taking the General Educational Development test, or GED, long considered to be the equivalent of a high school diploma.
The latest research, however, shows that people with GEDs are, in fact, no better off than dropouts when it comes to their chances of getting a good job.
This is raising lots of questions, especially in school districts with high dropout rates and rising GED enrollments.