A big reason for the slow recovery has been that the nation's battered banks haven't been able or willing to lend. There are signs that's changing and that bank lending is helping to support stronger growth.
Paul Kasriel, chief economist at Northern Trust, a Chicago-based bank, say his reading of Federal Reserve data has convinced him that banks have finally taken the baton from the Fed and are now making credit more available.
"We've seen a sharp increase in business loans on the books of banks," he says.
When Brian O. Selznick wrote The Invention of Hugo Cabaret — a graphic novel about an orphan in 1930s Paris — he imagined the secret spaces of a Paris train station. For inspiration, he visited Grand Central Terminal in New York City. But the scenes in the book — hidden tunnels, secret rooms, the giant clock tower — were all drawn from Selznick's imagination and later turned into the movie Hugo by Martin Scorcese, which is nominated for 12 Academy Awards.
Voters in Yemen go to the polls on Tuesday in a one-candidate presidential election many hope will lead to a resolution of the nearly year-long crisis there. While most Yemenis support the peaceful transfer of power from former President Ali Abdullah Saleh to his deputy, many are frustrated that Saleh has immunity for all the protester deaths last year and that his sons and nephews still control the country.
The eurozone crisis has focused attention on debt-burdened Greece spiraling into decline. Meanwhile, Portugal is seen as the international creditors' poster-child for obediently slashing spending and welfare benefits.
Nevertheless, the Portuguese national debt continues to grow, and the country is mired in recession and soaring unemployment.
The Portuguese national character has long been identified with Fado music. Raquel Freire, an activist with the local Occupy movement, says the melancholy style helps explain decades of resignation.