Iran plans to devalue the rial by about 8.5 percent against the U.S. dollar, setting a new exchange rate and vowing to reduce the black market’s influence as international sanctions undermine confidence in the currency.
An Iranian court sentenced a former U.S. soldier of Iranian descent to death for spying amid rising tensions over concern the Persian Gulf nation may try to close the Strait of Hormuz if Western sanctions are imposed.
The real work of modern science often starts with pixels on a screen. In one case, in the spring of 2003, a display of pixels on my desk in New York conveyed the message that Chandra, the X-ray telescope orbiting high above the Earth’s surface, had obtained a precious cargo of data.
The housing market is where the Great Recession started. It’s the main thing delaying recovery, and the reason fiscal and monetary stimulus (traditional and modern) haven’t worked better. The U.S. and U.K., especially, could have done a lot about it, but chose not to.
In confirmation hearings last week, Richard Olson, President Barack Obama’s nominee for ambassador to Pakistan, said his top priority would be working with the Pakistanis to degrade the Taliban-allied Haqqani network.
Iran, which sought to use a Tehran summit to win support and repel efforts to isolate it, instead found its leaders rebuked by United Nations chief Ban Ki-moon over their stance on Israel and its ally Syria accused of losing legitimacy.