European stocks declined from a 4 1/2-year high, as European Union leaders eased constraints on national budgets amid a deepening euro-area recession, and confidence among American consumers unexpectedly slid in March.
Until June I had never ordered a bottle of lambrusco in Italy. With memories of those sweet, fizzy, soda-like imports of the 1970s like Riunite Lambrusco (“Riunite on ice -- so nice!”), I had no interest in revisiting such wines, even in Emilia-Romagna, where lambrusco is made. (For the record, Riunite, now about $6 a bottle, still sells a million cases a year in the U.S., more than any other import.)
Thousands of survivors of the earthquake in the Italian region of Emilia Romagna sought relief in tent cities as rescue workers surveyed the damage from the trembler that killed seven and injured dozens more.
Prime Minister Mario Monti abandoned a NATO summit and returned to Italy yesterday to lead his government’s response to a fatal earthquake and attend the funeral of a 16-year-old victim of a terror bombing.