Egyptian drivers wait in long lines outside a gas station in Cairo on June 26. Along with a stuttering economy, traffic-clogging street protests and a crime wave, fuel shortages have come to symbolize the disorder of the post-Mubarak Egypt.
The spotlight on Egypt has focused on the the political fallout from the military coup that toppled an elected but deeply unpopular government. But if you think Egypt's politics are a mess, just consider the economy.
Tourism, a major revenue generator, has been hurting since the Arab uprisings of 2011 that toppled Hosni Mubarak. Foreign investment has shriveled. Unemployment in many industries has soared. Inflation has risen, making everyday goods more expensive. And there's a black market in currency and fuel.
Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. When the markets closed, the Standard & Poor's 500 Index was at a record high. Other U.S. indexes were also up, including the Dow Jones Industrial Average, which rose nearly 170 points to a record 15,460.92.
Update at 5 p.m. ET: We've updated some figures in this post to reflect the markets' closing.
A view of the New Century Global Center in Chengdu, China. The structure — located in a suburb of Chengdu, in southwest China's Sichuan province — is home to an indoor beach and a faux Mediterranean village.
Credit Barcroft Media/Landov
A view of a section of the Paradise Island Water Park, which features an artificial beach, in the New Century Global Center in Chengdu, China.
If you look at the cover art of new albums by flutists Nicole Mitchell and Anna Webber, you'll see crystals. On Percussive Mechanics, Webber depicts a handful of glass shards carefully arranged as if to create an abstract sculpture. On Aquarius, Mitchell wraps herself in a sting of icicle lights — the kind you see hanging around Christmastime — which is appropriate, as her band is called Ice Crystal.
The Boston Strangler's final victim has been identified, according to police who say DNA tests have linked Albert DeSalvo, who confessed to being the serial killer, to the death of Mary Sullivan in 1964. The authorities will exhume DeSalvo's body to get "a biological sample" that might provide a 100 percent match.
The jury weighing the guilt or innocence of the man accused in the shooting death of Florida teen Trayvon Martin can consider convicting George Zimmerman on a lesser charge of manslaughter, the judge ruled Thursday morning.
There are three stages at the Newport Jazz Festival. At least two are always running simultaneously. Given the surfeit of options, it's rare to hear a complete set. The question begins to nag: Should be we somewhere else? And away you go, leaving a work in progress to make sure you don't miss one getting underway.
But sometimes if you choose a spot on the lawn and stay put, the juxtaposition of two bands delivers a fine festival experience. Sunday morning, August 5, 2012, on the Quad Stage is such a time.