As Phil reported, things are still pretty tough for the people of Ireland, but there's one man who thinks things there will start to look up before too long. He's prepared to put money on it, billions in fact.
Michael Hasenstab is what's known as a contrarian investor. He's just about the only person prepared to bet that Ireland's fortunes will greatly improve over the next couple of years. Michael Hasenstab joins us from Templeton Investments in San Mateo, California.
The Greek economy continues to suffer. It's been another painful week for that country starting Sunday when thousands of people demonstrated outside of parliament, and rioters torched buildings in Athens. Greek lawmakers passed harsh new austerity measures despite those protests, and still, Greece's European partners refused to approve the new bailout that the Greeks need to avoid default. NPR's Eric Westervelt reports what EU finance ministers will be considering when they meet again on Monday.
The best bobsled racers in the world are in Lake Placid, New York this weekend, competing in the World Championships. There's big drama this year for the American team. After capturing a historic gold medal two years ago at the winter Olympic Games in Vancouver, the U.S. has struggled, and lost ground to the Europeans. As North Country Public Radio's Brian Mann reports, American sledders hope to prove on their home track that they can still compete.