There are basically two solutions to the European debt crisis. One, someone can show up with really deep pockets and bail out all the countries. Or, two, the European Central Bank can create a bunch of money and loan it to the countries who need it. The problem is there's a barrier blocking both these potential solutions — a certain European country known for its beer and brats: Germany.
Iranian President Mahmoud Ahmadinejad waves in Pakdasht, southeast of Tehran, Nov. 23. Ahmadinejad on Wednesday said he was surprised at European moves to isolate Tehran's central bank.
Credit Atta Kenare / AFP/Getty Images
Iranians shout slogans during a demonstration outside the British Embassy in Tehran, Nov. 29. New British sanctions against Iran's central bank sparked the recent protests. Now, the U.S. is considering even tougher measures.
Iran has been dealing with economic sanctions for years, but the country could soon face measures tougher than anything it has encountered before: Legislation moving through the U.S. Congress would target the central bank of Iran, with the likely effect of severely limiting Iran's oil exports.
Such sanctions would almost certainly damage Iran's economy. The challenge would be to make sure other countries are not hurt as well, given the fragile state of the global economy and the tight global oil market.
A new Pennsylvania law could curb municipalities' ability to zone and regulate hydraulic fracturing — or "fracking." And that raises questions about how much say a local government should have over what goes on within its borders.
State lawmakers are grappling with how to update Commonwealth's decades-old Oil and Gas Act to catch up with a natural gas drilling boom.
Ken Harbaugh is a former Navy pilot and an NPR commentator.
When I was five, my father made a promise he never intended to keep. He had returned from a long trip, with presents. I got a fossilized shark tooth, and spent the next month asking about fossils.
At some point, my father made the mistake of describing a massive fossil bed somewhere in Germany. I begged him to take me. There were good reasons that could never happen. Dad knew nothing about fossils; Germany was far away; I was five. But I would not be deterred.
From NPR News, this is ALL THINGS CONSIDERED. I'm Guy Raz.
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President Obama took his call for payroll tax relief to Scranton, Pennsylvania today. It was his ninth visit to the state this year, underscoring the role that Pennsylvania will play in the 2012 election. The president told a crowd at Scranton High School that extending the payroll tax cut should trump partisan politics.
PRESIDENT BARACK OBAMA: Send your senators a message. Tell them - don't be a Grinch.