What is remarkable is that those who bought bonds will get a tiny rate of return. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal, about what the results mean, who's buying Treasuries and how the borrowed funds are being spent.
U.S. officials have not released the name of the U.S. soldier accused of killing some 16 Afghan civilians in southern Afghanistan over the weekend. The shootings come as anti-Americanism already is boiling over in Afghanistan after U.S. troops burned Qurans last month.
Here's one thing that many people mean when they say Washington is broken. They may mean that politicians from different parties seem unable or totally unwilling to compromise, and many voters hate that. And yet many voters also hate it if politicians from their own party should compromise with the other side. That could be considered giving in. NPR's science correspondent Shankar Vedantam joins us regularly to talk about social science research, and he's found some that relates to this political problem. Hi, Shankar.
Yang Lan, TV host and delegate to the Chinese People's Political Consultative Conference, carries a Marc Jacobs handbag outside the Great Hall of the People in Beijing on March 3. Nicknamed "the Oprah Winfrey of China," Yang has also been seen wearing a Giorgio Armani jacket during the legislative session.
Credit Wang Zhou/Imaginechina / AP
Delegates wear the traditional garb of their ethnic minority — the Burberry bag at left (estimated cost: $800) notwithstanding — in Beijing on March 3.
Credit David Gray / Reuters /Landov
Li Xiaolin, daughter of former Chinese Premier Li Peng, attends the opening ceremony of the CPPCC in Beijing, March 3, 2012. Her suit — by Italian designer Emilio Pucci — is estimated to cost $2,000.
A leather belt from Hermes priced at almost $1,000 — nearly a year's salary for the average Chinese farmer. A bright pink, $2,000 trouser suit from Emilio Pucci. A red snakeskin Celine handbag that costs $4,500.
These weren't items at a fashion show, but luxury goods spotted on delegates hurrying to China's annual legislative assembly sessions.
We're following news this morning of more killings in the Syrian city of Homs. That's the city where rebel neighborhoods came under artillery fire for weeks and where two Western journalists were killed. Rebels later retreated, but residents and activists say pro-government militias have massacred dozens of civilians, mainly women and children. NPR's Kelly McEvers is following this story from Beirut.