Stocks closed sharply lower Thursday after investors sold stocks with abandon, convinced that the U.S. and the world are headed for a new recession.
The Dow Jones industrial average fell as much as 527 points, the second consecutive rout since the Federal Reserve announced a change in strategy for fighting the economic slowdown.
At the close of trading, the Dow was down 391.01 points, or 3.5 percent, at 10,733.83. The Standard & Poor's 500 index fell 37.18, or 3.2 percent, to 1,129.58. The Nasdaq composite fell 82.52, or 3.3 percent, to 2,455.67.
In an interview with All Things Considered's Michele Norris, the United States' ambassador to the United Nations said the U.S. supports an independent Palestinian state, but trying to achieve that by asking the U.N. to recognize Palestine as a state is "unwise and counterproductive."
Ambassador Susan Rice echoed President Obama, saying "there's no shortcut; there's no magic wand," toward Palestinian statehood. She said the only way to reach a solution is for Israelis and Palestinians to return to the negotiating table.
Zhu Jian Qiang, or "Strong-Willed Pig", survived for 36 days in the rubble of a home in southwest China after the devastating earthquake there in 2008. It's thought he only had water and charcoal to live on.
Since then, the castrated male has gone on to be a featured part of an earthquake museum in Dayi, China. And now, he'll live on — sort of — after he dies.
The Republican candidates for president will gather for another debate tonight, this time in Orlando, Florida. It's sponsored by Fox News and YouTube, and some of the questions will be submitted by homemade video from voters. The debate also comes as a new two-man dynamic is emerging in the race: Texas Governor Rick Perry versus former Massachusetts Governor Mitt Romney.
MICHELE NORRIS, Host:
NPR national political correspondent Mara Liasson is in Orlando and she joins us now.