Iranian President Mahmoud Ahmadinejad during a news conference in Tehran on Tuesday.
Credit Atta Kenare / AFP/Getty Images
Economic sanctions have a reputation for being the international equivalent of a slap on the wrist. But in Iran, there's evidence that they are working, and that the country's flamboyant President Mahmoud Ahmadinejad might pay the price.
In the past year, Iran's currency has shed 80 percent of its value against the dollar, dropping by 25 percent in just the past week. That's caused a scramble for the few U.S. dollars available in the black market as people seek a safe haven against the free-falling rial.
Last week, Fox and Friends saw a photo on The Drudge Report and started saying that President Obama had time to sit down with a comical "pirate" but not to meet with Israeli Prime Minister Benjamin Netanyahu. The only problem: The photo was three years old.
On 'Morning Edition': NPR's Michele Kelemen previews Day II at the U.N.
In something of a swan song, Iranian President Mahmoud Ahmadinejad used his eighth — and likely final — appearance before the U.N. General Assembly to elaborate on his vision of a new world order and criticize what he calls the world's "hegemonic" and "expansionist" powers.
In general, the Iranian leader took a less confrontational tone than in previous years.
Despite international pressure, Iranian President Mahmoud Ahmadinejad listens to a technician during a visit to the Natanz Uranium Enrichment Facility, 200 miles south of the capital, Tehran, in 2008.
Credit Iranian President's Office / AP
Iranian State TV reported yesterday that President Mahmoud Ahmadinejad will make an announcement about "key nuclear achievements," today.
Quoting the official news agency, The New York Times reports that Ahmadinejad will likely "proclaim that a new uranium enrichment plant built inside a mountain near the holy city of Qum was 'fully operational.'"