Greece is broke. But there's no blueprint for a country to declare bankruptcy, so Greece's creditors are sort of making things up as they go along.
"You're taking some sort of loss," Hans Humes of Greylock Capital Management told me. "But it's like, how much of a loss do you take? There's this thing called sovereign immunity. You can't go in and take the Acropolis."
The value of Iran's currency — which had been sliding steadily for months — took another plunge this week. Faced with new economic sanctions from the U.S. and Europe, the rial now seems to be in free fall.
But at least part of the dive could be linked to currency manipulation by the government itself in an effort to fund candidates in upcoming elections.
In images posted on the Internet, hundreds of Iranians are seen gathered outside the headquarters of the Bank Melli in Tehran Monday. They wanted to buy dollars, but there were no dollars to be had.
Newt Gingrich, a self-described space nut, has long been a supporter of the U.S. space program. Now the Republican presidential hopeful is proposing what he calls a bold program that would send Americans back to the moon and beyond.
During a campaign event on Florida's Space Coast — hard-hit by the recession and the space program's uncertain future — Gingrich talked about coming of age at the time of Sputnik, the first satellite, launched in 1957 by the Soviet Union. He recalled reading science-fiction author Isaac Asimov and Missiles and Rockets magazine.
Alice Waters has moved from the kitchen to the garden to the soap box in her 40 years as a pioneer of the sustainable and locally grown food movement. But on one recent night, The Salt found her "hanging" in the National Portrait Gallery in Washington.
Heart disease remains the leading cause of death in the U.S. But who's at the most risk?
A study in the lastest New England Journal of Medicine offers a simple way to predict the risk of a fatal or debilitating heart attack or stroke for a middle-aged person over the rest of his or her life.
Men are more apt than women to lose thinking ability as they age, according to new research. And that mild cognitive impairment often leads to dementia.
But people can reduce their risk of mild cognitive impairment by staying healthy and educated, according to Rosebud Roberts, a professor of epidemiology at the Mayo Clinic who led the study. "There is a lot that people can do," she told Shots.