In the world of global finance, emerging markets where a hot place for American investors to park their money. The hope was that fast growth in developing economies, like Brazil, Turkey and China, could yield higher returns. But there's been a big shift in recent weeks. Investors have been yanked their money out of the emerging markets in a big way. The unrest in Egypt and protests in Brazil and Turkey are only part of the story.
To find out more, we turned - as we often do - to David Wessel of The Wall Street Journal.
MONTAGNE: Toyota, the world's best-selling automaker, is recalling approximately 185,000 vehicles. The worldwide recall is due to a problem with its electric, power steering. It affects Yaris models made between November 2010 to March 2012, and Verso-S models made between August 2010 and August 2011. Transcript provided by NPR, Copyright NPR.
David Green is a man on a mission to drive down the cost of medical devices and health services.
His tactic: Use market forces and slightly tweaked business strategies to make health care accessible to even the poorest people. And he's had some amazing success.
I caught up with Green (no relation to NPR's David Greene) at a company he is launching in Chicago that's taking on the high cost of hearing aids. He's demonstrating how to program his company's new hearing device on a cellphone.
When you think summer, you might think of cold beer at a barbecue, maybe a bottle of wine with a Sunday picnic. A lot of people take it for granted that they can just go to the store and pick up alcohol.
Not in Indiana.
While many states have laws restricting liquor sales, Indiana is the only one where you can't buy packaged beer, wine and liquor on Sundays, and it's the only state that regulates alcohol sales based on temperature. Only liquor stores can sell cold beer.
When Mozilla announced a plan to improve its system for blocking third-party cookies, it didn't seem like the kind of thing that would make waves. But it didn't take long for the Internet advertising industry to react — furiously.
A recent spike in mortgage rates has created a new predicament for potential homebuyers: Forge ahead and try to lock in now? Or hold off?
Dhruv Gupta was quoted a 3.5 percent rate in May while searching for a place to buy in the San Francisco area. Less than two months later, he's looking at 5.2 percent for the same loan. But this trend has not deterred Gupta.
"It's a fact of life," he says. "I mean I can't control them, so what do you do?"
Andrea Brearley's kids really want to see Pixar while on vacation. The problem is that the family is staying in San Francisco, and with rail workers on strike, they're having a hard time figuring out how to get to the cartoon-maker's headquarters across the bay in Emeryville, Calif.
Brearley, who lives in Windsor, Ontario, says it's been "scary" trying to figure out an alternative route. "Three different people told me three different buses," she says.
Seafood is generally considered a more healthful choice when dining out — but not if you're battering and deep-frying it and serving it up with hush puppies and onion rings.
And that is precisely why the folks at the Center for Science in the Public Interest, a nutrition and health policy watchdog group, have named Long John Silver's new "Big Catch" meal the worst restaurant meal in America.
My name is Maureen, and I am an Ikea-holic. Sure, I laughed knowingly at The Narrator's "slave to Ikea" speech as much as the next Fight Club fan. But the awful truth is, I've got a Beddinge in my bedroom.
Europe is in an uproar over revelations that U.S. intelligence services are spying on the European Union mission in New York and its embassy in Washington. The new allegations come from the latest secret U.S. National Security Agency documents leaked by Edward Snowden.
David Greene talks to Farah Halime, a Cairo-based financial journalist who writes about Egypt's economy. Whether President Morsi caves to protesters' demands to step down, whoever ends up running the country will have to deal with a terribly deteriorating economy. Halime's blog is called the RebelEconomy.com.
I always wondered where some of those stock market symbols came from.
To Europe now. Portugal's finance minister - the architect of the country's economic bailout deal with the European Union - has resigned. In stepping down, he cited the backlash against the policies he imposed at the urging of European lenders.
NPR's Lauren Frayer reports on this latest turn in the debate over whether severe budget austerity does more harm than good.
MONTAGNE: Steinway Musical Instruments announced Monday that it would be acquired by the private equity firm Kohlberg and Company in a deal worth $438 million. Kohlberg says it plans to build on Steinway's 160 years of piano-making tradition and expand its sales globally.
President Obama announced, last week, a hugely ambitious plan to reduce greenhouse gas emissions and push the country towards cleaner energy. Right now, just nine percent of our energy consumption comes from renewable sources.
Former U.S. secretary of energy Steven Chu would like to see us get to 50 percent by the middle of the century. Chu left the cabinet in April, but even before that, he began talking to utility companies could adopt a radically different business model.
And farther south on the African continent, President Obama is wrapping up a three-country tour. He's in Tanzania now, on the coast of the Indian Ocean. NPR's Ari Shapiro is travelling with the president and reports on Obama's first day in the Tanzanian city of Dar es Salaam.
This is MORNING EDITION, from NPR News. Good morning. I'm David Greene.
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And I'm Renee Montagne.
The Chicago-based Tribune Company, newly out of bankruptcy, is trying to sell off its newspaper holdings. Yet even as the company withdraws from print media, it's making a big push into local television, following the lead of other major media players.
Every week, it seems, a new scandal is unearthed by the upstart, online newspaper Mediapart. The most recent bomb was that President Francois Hollande's budget minister was evading taxes when he was supposed to be cracking down on tax cheats. After vehemently denying the allegations, in the face of overwhelming evidence, Jerome Cahuzac was forced to resign.
Two top officials of the Vatican bank resigned Monday just days following the arrest of a senior cleric with ties to the institution after police caught him with the equivalent of about $26 million in cash that they say he was trying to bring into Italy from Switzerland.
A wealthy New York couple is suing their son's kindergarten, claiming they were tricked into paying $50,000 for a finger painting done by a group of five-year-olds — including their son. The couple was out of town during the school's benefit auction, so they instructed a proxy to make sure they made the highest bid. The couple claim the school rigged the auction by having a first-grade teacher drive up the price.
President Obama's trip to Africa comes at a time of increasing African economic growth and declining U.S. influence on the continent. To be successful, he will need to overcome a general perception that the United States has withdrawn from Africa. At the same time, he must convince an American public and private sector that getting more invested in Africa will be good for American jobs and the economy.
Two of San Francisco Bay Area Rapid Transit's largest unions went on strike after weekend talks with management failed to produce a new contract. The move ensures a nightmarish journey ahead for Monday commuters.
A few weeks ago, Alberto Baco Bague arrived in New York for a roadshow of sorts. In just 48 hours, Baco, Puerto Rico's secretary of economic development and commerce, met with more than 30 hedge fund managers, investors and others who could be classified as very well-off.
His mission might seem quixotic at best: trying to convince these well-heeled New Yorkers to uproot themselves from Manhattan and relocate to Puerto Rico. But he says they are starting to come.
Peanuts, flax, sprouts and avocados: It's not the menu at a health food deli, but the menu inside some barns. What's more, many farmers experimenting with these gourmet feeds are growing the ingredients themselves.
Take Russ Kremer, the Missouri pig farmer whose operation served as the inspiration for the 2011 Chipotle ad. Kremer hasn't bought commercial animal feed in 30 years. Instead, he grazes his hogs in a pasture, and grows (or buys from neighbors) grains and legumes to supplement their nutrition.
In Seattle, the city that sired Starbucks, you don't have to travel more than a few steps to find a decent — nay, great — cup of joe. Java is the lifeblood of the city: Where other cities might offer walking tours of historic sites, in Seattle, "coffee crawls" take visitors to the city's best-loved coffeehouses.