Rep. Nancy Pelosi, the Democratic minority leader in the House, says she's optimistic that Democrats and Republicans will reach a deal that would avoid triggering a wide array of tax increases and spending cuts scheduled to take effect in the new year and that experts say could send the economy into a recession.
Fikri Toros, a Turkish Cypriot businessman, says his family's company struggled for years because of embargoes and a weak Turkish lira. But its fortunes have improved with Turkey's economy.
Credit Florian Choblet / AFP/Getty Images
A man sells lottery tickets in Nicosia, the capital of Cyprus, last week. The island has been divided since 1974. Now, the once-poor north has strong economic growth while the once-wealthy south is set to become the fourth eurozone country receiving a bailout.
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A car drives past a billboard promoting a Russian bank on a main road in the southern Cypriot port of Limassol earlier this month. Russian and Ukrainian investors have a major presence in Cyprus.
Just a few years ago, Cyprus was considered a wealthy country, though that referred mostly to the Greek Cypriots on the southern part of the divided island. When Cyprus entered the eurozone in 2008, analysts were wondering what would become of the much poorer north, which has been occupied by Turkey since a 1974 war.
Now, the Turks in northern Cyprus have the booming economy, while Greek Cypriots, crippled by exposure to ailing Greek banks, are waiting for final approval on what will be the fourth sovereign bailout of a eurozone country.
Since the drug war in Mexico began in 2006, more than 50,000 people have been killed and organized crime has infiltrated, in one way or another, virtually every part of society. Many children have lost family members or become victims themselves. Cartels have also begun recruiting kids to work, often as mules. Even those young people who don't feel the drug war directly have to confront its effects on TV and at school, where bullies imitate narco-traffickers.
With money coming in more slowly than the financial aid given out, schools say they are nearing the breaking point, and even the most selective elite universities are rethinking their generosity.
"It just became clear that if we continue to give more and more aid, the numbers don't add up," says Raynard Kington, head of Grinnell College. Thanks to longtime former board member Warren Buffett, Grinnell has an endowment bigger than most schools dream of. For years, that's enabled Grinnell to admit students on a need-blind basis — and then give them as much aid as they need.
There's really been nothing like Trapped in the Closet ever before.
R&B star R. Kelly has been making (and remaking) a series of short music videos that tell a flamboyant narrative in less-than-five-minute installments. The first batch of several dozen appeared online in 2005. Now, there's a total of 40 "chapters" that aired last Friday on IFC, with the latest ones being released online one at a time for the next week.