Originally published on Thu October 17, 2013 3:06 pm
The government shutdown has taken a toll on the nation's economy and despite a deal that sidesteps a debt default and restarts the government (at least for a few months), growth forecasts for the last quarter of the year are being scaled back.
Economist Mark Zandi of Moody's Analytics has shaved his gross domestic product forecast from a 2.6 percent annualized rate to 2.1 percent for the last three months of the calendar year.
Originally published on Thu October 17, 2013 1:10 pm
The crash of a turboprop in southern Laos that killed all 49 people aboard was caused by a violent storm that prompted the pilot to miss a runway and careen into the Mekong River, authorities say.
"Upon preparing to land at Pakse Airport the aircraft ran into extreme bad weather conditions and was reportedly crashed into the Mekong River," the Laos Ministry of Public Works and Transport said in a statement.
Two German women chat in the gardens of a senior care home in Berlin. Germany is grappling with a rapidly aging population: By 2050, almost a third of Germans will be 65 years or older, and a growing "Grandma export" trend has set hands wringing.
Credit Sean Gallup / Getty Images
Sonja Miskulin (center), a former translator who suffers from dementia, celebrates her birthday at a nursing home in Szklarska Poreba, Poland, in August.
Credit Bartek Sadowski / Bloomberg via Getty Images
A handful of German and Polish residents at a nursing home in the Polish mountain town of Szklarska Poreba play a Scrabble-like game using blocks with large letters.
The seniors are tended to by Polish workers who offer a steady supply of smiles, hugs and encouragement.
Leonardo Tegls says such personal attention makes this nursing home, Sun House, special. The 87-year-old Dutch-born immigrant to Germany says he first learned about the Polish nursing home from a TV ad.