Steve Inskeep talks to David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, about the long-term precipitous declines in commodity prices.
Airport workers in New York City, Chicago, Miami and other cities held protests on Monday in honor of Martin Luther King Jr. Day. They called for their hourly minimum wages to increase to $15.
Now that international sanctions have been lifted, Iran hopes to export as much as 500,000 more barrels of oil a day. But this comes while global oil prices are falling and revenues are plunging.
Certain economic sanctions will be lifted in Iran, but there are critics of the nuclear deal in surrounding countries and in the U.S. NPR's Rachel Martin speaks with NPR's Peter Kenyon about their reaction.
On Saturday, many sanctions on Iran were lifted under the nuclear pact, and the U.S. and Iran exchanged prisoners. On Sunday, the U.S. Treasury announced new sanctions over Iran's weapons program.
Stocks all over the world plunged Friday as investors became even more nervous about China's weakness and oil's collapse. The worries triggered a broad stock sell-off and sent oil below $30 a barrel.
China's slowdown and plummeting oil prices have investors spooked, and some are heading for the exits. There's concern the selloff in stocks signals tougher times ahead for the U.S. economy.