Topic: Portugal
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Cuban Missile Crisis: the 3 most surprising things you didn't know
Fifty years ago, the Cuban Missile Crisis brought the United States and the Soviet Union within a hair’s breadth of nuclear war. Here are three things that many Americans don’t know about what historians routinely call “the most dangerous moment in human history.”
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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Homeschooling: 5 stories from a mother who tried it
From Quinn Cummings' book 'The Year of Learning Dangerously,' 5 stories from a mother trying to homeschool her kids for the first time.
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J. K. Rowling: 10 quotes on her birthday
Here are quotes from "Harry Potter" author J. K. Rowling on her birthday.
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Focus
Recession in America? 10 questions assessing the threat.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
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Merkel says Europe ready to act as big downgrade hits Spain
Fitch slashes Spain's credit rating three notches to BBB. Germany and the rest of EU are ready to use instruments to support euro zone, Merkel says.
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Stocks inch higher as investors await Europe news
The major market indexes closed modestly higher, after wavering between slight gains and losses throughout the morning. Trading volume was light and the stock moves were small, as the Dow Jones rose rose 26 points to 12,127.
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Calm returns to Wall Street, trading closes with mixed results
The Dow Jones average opened at its lowest level since December after a 275-point sell-off on Friday ignited by grim economic signals, especially a dismal report on the labor market. The index closed down 17 points at 12,101.
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EU calls for "banking union" to fight debt crisis
The European Commission proposed Wednesday that such a body should oversee banks directly, sidestepping national governments.
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As fears about Europe's future worsen, the Dow closes down
Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.
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EU still looking for way forward on Greece, growth, and euro zone
The latest summit in Brussels concluded with wide agreement that something needs to be done but with little consensus on what to do.
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Global News Blog Amid eurozone turmoil, Germany borrows money for free
Germany sold $5.7 billion of debt today to yield 0 percent, a reflection of how much Europe's largest economy has diverged from its southern neighbors who are paying far more to borrow.
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Stocks climb, breaking losing streak
Apple stock soared, helping propel major US stock indexes to gains after a solid week of losses. The Dow Jones rose 135 points to close at 12504.
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France says 'oui' to euro bonds, but Germany says 'nein'
German finance official says Berlin continues to oppose euro bonds, which would create debt backed jointly by European Union nations. EU members meet Wednesday in Brussels to discuss euro bonds and other growth-enhancing policies.
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As its banking woes mount, Spain ponders where to go from here
Its banks struggling, Spain has moved closer to needing a bailout. But some argue the takeover of Bankia and other measures could mark the beginning of movement toward greater stability.
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Stocks fall amid discouraging economic reports
The Dow fell 156 points to close at 12442 – the index's 11th loss in 12 days – after a pair of discouraging economic reports unnerved investors already worried about a possible exit from the euro by Greece.
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College rankings: Which countries have the best education systems?
A new higher education ranking focuses on evaluating quality by countries as a whole, rather than specific academic institutions. Here are some of the findings:
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Surfer catches 'biggest wave ever' off Portugal (+video)
The Guinness World Records recognizes Hawaii pro surfer for the biggest wave ever ridden. Garrett McNamara surfed a 78-foot wave off the coast of Portugal.
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With Iran, Syria looming, can Obama save NATO from disaster at Chicago summit?
The 2010 NATO Summit in Lisbon produced a bold vision for NATO’s future. With one week to the Chicago summit, not nearly enough progress has been made. To avoid the Chicago summit ending up as a total bust, Obama must push NATO leaders to address three key issues.
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Briefing
Gay marriage laws around the globe
There is no national gay marriage legislation in the pipeline in the US, however, numerous countries around the globe already recognize same-sex marriage or the right to civil unions. Here’s the breakdown by region.
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Tax VOX With European elections, is austerity in the US doomed?
It's easy to look at European elections in France, Greece, Spain, Portugal, Italy, and Denmark and see a massive rejection of fiscal austerity. Is that accurate, and what does it mean for proponents of austerity in the US?
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Hollande election: future of austerity in Europe in doubt
While there is growing consensus that Europe will need to find a new plan to deal with its debt crisis, no clear plan has emerged.
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Germany frets, markets falter over French and Greek election results
In Germany, the results of yesterday's elections are seen as a refusal to follow the austerity plan hammered out by European leaders in long, painful negotiations.
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Gerhard Schröder: Don't strangle Europe with austerity
Europe is churning after anti-austerity elections in Greece and France, where Socialist François Hollande ousted Nicolas Sarkozy. Europe must now shift from pure austerity toward growth. It must also keep working toward closer political union. Both moves will help Germany's economy.
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French president-elect Hollande promises 'kinder, gentler austerity' (+video)
As leader of Europe's No. 2 economy, French President-elect François Hollande has the power to challenge German Chancellor Angela Merkel's austerity doctrine.
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Hollande wins French presidency, signals revisit of austerity (+video)
Socialist candidate François Hollande defeated incumbent Nicolas Sarkozy for the French presidency in a vote that could reposition how the country responds to the eurozone crisis.
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French candidate Hollande's projected win could change eurozone's course
French presidential frontrunner Francois Hollande, of the Socialist Party, could prompt major changes to the German-led austerity model, which much of Europe is already rising up against.
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The Monitor's View: Finally, European debt crisis goes to the polls
Elections in France and Greece may help quell a rising sense of victimhood from this long euro crisis. Such popular sentiment is exactly what the European Union is meant to curb.
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GM stock: Earnings down. Outlook cautious.
GM stock fell in Thursday trading after the company released a cautious outlook for North America, which so far this year has buoyed sales and GM stock.
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May Day: Around the world, anger and fear
Continuing economic turmoil around the globe gave this year's May Day rallies an undertone of angry class conflict.
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