The dollar has lost about 20 percent of its value against the euro in the last two years. But members of the Bush administration downplay the threat of a financial crisis.
Mike Shuster is an award-winning diplomatic correspondent and roving foreign correspondent for NPR News. He is based at NPR West, in Culver City, CA. When not traveling outside the U.S., Shuster covers issues of nuclear non-proliferation and weapons of mass destruction, terrorism, and the Pacific Rim.
The former prime minister, who had been in a coma after suffering a massive stroke in 2006, died on Saturday. Sharon's career spanned the birth of the nation and most of its essential turning points. Israelis had a love-hate relationship with him that was beginning to soften only shortly before his death.
Iran's economy has been hit hard by U.S.-led sanctions that have targeted its oil exports and its banking system. In response, Iran appears to have gone on a gold buying spree as it attempts to halt the downward spiral of its currency.
Reports over the weekend said the U.S. and Iran had agreed to face-to-face negotiations, but both countries deny that's the case. Still, symptoms of economic and social instability may be pushing Iran toward the negotiating table.