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The eurozone's debt-fighting pact1 to bail2 out Greece and shore up the continent's banks is behind today's big advances in financial markets worldwide. On Wall Street, all the major US stock indexes have risen, ranging from 3% and 3.5% in afternoon trading. At last check, the Dow had climbed 357 points, or 3%, at 12,226; NASDAQ up more than 3.5% at 2,746; S&P 500 up 3.6% at 1,287.
Scott Brown, chief economist3 with Raymond James & Associates, says the agreement in Europe was just a first step but an important one.
"If Europe hadn't come to an agreement today or overnight, then there is really fear of a broader financial crisis in Europe, and that would have some effect on the banks in the US. With Europe to moving big at this point and shortly afterwards, that takes some worry off the near-term outlook."
European leaders still have to finalize4 details of their plan. They're looking to China to contribute to Europe's bailout fund. French President Nicolas Sarkozy and Chinese President Hu Jintao spoke5 earlier today by phone. They pledged to work together to help spur global economic growth.
Federal officials have good news for the 48 million Americans on Medicare. The government says costs next year will go up less than expected. NPR's Julie Rovner reports some people will actually see a decrease in their monthly premiums6.
Earlier this year, Medicare officials were predicting about a 10-dollar increase in monthly premiums for Medicare's optional outpatient coverage7. Instead, it's only going up by 3.50 to just under 100 dollars a month, and some enrollees who've been paying a higher rate will actually see their monthly premiums decline. That's not the only good news. Health and Human Services Secretary Kathleen Sebelius told reporters in a teleconference.
"At the same time, this year's Part B deductible has decreased more than 20 dollars."
It will be 140 dollars in 2012. As a result, said Sebelius, most seniors will have an additional 40 dollars in disposable income to spend each month. Julie Rovner, NPR News, Washington.
A military base that's home to NATO troops and a reconstruction8 team in southern Afghanistan has come under attack. A Kandahar provincial9 police chief says several insurgents10 raided an office and opened fire. Two of the attackers reportedly have been killed.
Despite heightened police presence in Oakland, California, anti-Wall Street protesters are vowing11 to keep up their demonstrations12. Several hundred people marched out of a plaza13 that had been declared off-limits for overnight camping and demonstrated in streets around the area. Police have set up barricades14 to keep the Occupy Wall Street activists15 from reaching a nearby highway.
You're listening to NPR News.
Today at the United Nations, the Security Council voted unanimously to terminate authorization16 of a no-fly zone over Libya and NATO military intervention17 to protect Libyan civilians18. As Linda Fasulo reports, the council move came in spite of calls by Libya's National Transitional Council to delay a decision.
The seven-month-long UN mandate19 will end on October 31st, but the council decision will not prevent individual nations from providing security assistance to Libya. Russia, which had long complained that NATO military action was exceeding the Security Council mandate to protect civilians, drafted a resolution. The measure does not lift the UN arms embargo20, and it expresses concern over the proliferation of weapons in Libya. US ambassador Susan Rice welcomed the council decision and called on Libya's transitional council to move quickly to form an inclusive government. For NPR News, I'm Linda Fasulo in New York.
Pricier oil and natural gas is behind Exxon Mobil's 41% jump in its quarterly profit, but production remained flat. The company says some declines resulted from international agreements limiting the amount of oil Exxon can sell as prices increase.
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1 pact | |
n.合同,条约,公约,协定 | |
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2 bail | |
v.舀(水),保释;n.保证金,保释,保释人 | |
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3 economist | |
n.经济学家,经济专家,节俭的人 | |
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4 finalize | |
v.落实,定下来 | |
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5 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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6 premiums | |
n.费用( premium的名词复数 );保险费;额外费用;(商品定价、贷款利息等以外的)加价 | |
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7 coverage | |
n.报导,保险范围,保险额,范围,覆盖 | |
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8 reconstruction | |
n.重建,再现,复原 | |
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9 provincial | |
adj.省的,地方的;n.外省人,乡下人 | |
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10 insurgents | |
n.起义,暴动,造反( insurgent的名词复数 ) | |
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11 vowing | |
起誓,发誓(vow的现在分词形式) | |
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12 demonstrations | |
证明( demonstration的名词复数 ); 表明; 表达; 游行示威 | |
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13 plaza | |
n.广场,市场 | |
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14 barricades | |
路障,障碍物( barricade的名词复数 ) | |
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15 activists | |
n.(政治活动的)积极分子,活动家( activist的名词复数 ) | |
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16 authorization | |
n.授权,委任状 | |
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17 intervention | |
n.介入,干涉,干预 | |
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18 civilians | |
平民,百姓( civilian的名词复数 ); 老百姓 | |
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19 mandate | |
n.托管地;命令,指示 | |
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20 embargo | |
n.禁运(令);vt.对...实行禁运,禁止(通商) | |
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21 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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