The major central banks of the world moved Wednesday to prevent a banking crisis in Europe. They're providing more liquidity to the European banking system in hopes that big banks there will remain solvent and continue to make loans. The coordinated move by the central banks sent stock markets soaring. But it will not even begin to fix Europe's fundamental economic problems.
Secretary of State Hillary Clinton is in Myanmar, also known as Burma, to see if the county's leaders are serious about political reform. Myanmar has long been under international sanctions because of the repressive nature of the military junta that held power until recently. But there are signs that a new civilian government is loosening the military's grip.
From NPR News, this is ALL THINGS CONSIDERED. I'm Guy Raz.
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And I'm Melissa Block.
President Obama took his call for payroll tax relief to Scranton, Pennsylvania today. It was his ninth visit to the state this year, underscoring the role that Pennsylvania will play in the 2012 election. The president told a crowd at Scranton High School that extending the payroll tax cut should trump partisan politics.
PRESIDENT BARACK OBAMA: Send your senators a message. Tell them - don't be a Grinch.