A bit of hope returned to Wall Street on Monday, after signs that that the debt crisis in Europe could be avoided. That sent stocks up a percentage point. The Dow Jones gained 109 points, to close at 12,044. The S&P 500 gained 12 points, ending at 1,280. And the NASDAQ added 35 points, to finish at 2,688.
The Week Ahead in Business
Debt seems to be the word this week, both here in the U.S. and overseas in Europe. President Barack Obama got directly involved in negotiations over the debt ceiling on Monday. Obama and Democrats want either tax increases, or the elimination of tax breaks for big companies and wealthy individuals. Republicans don't want either — they're arguing for federal spending cuts. Lawmakers are working under an August 2nd deadline, to decide whether to raise the nation's debt ceiling.
In Greece, legislators are debating new austerity plans to get more bailout money. They're expected to take a vote on those measures on Wednesday. If approved, the move would give them the next installment from the $110 billion international bailout.
We're also keeping an eye on the stock market, which has been edging downward for the past couple of weeks. We'll also see the latest housing reports, and sales figures from automakers. WNYC Business Editor Charlie Herman previews the week ahead.
New York Works: Dialect Coach
New York City is home to more than eight million people, and according to the Linguistics Program at the CUNY Graduate Center, possibly as many as 800 different languages. When those foreign language speakers speak English, they create a lot of different accents. And we're not even talking about the local ones that flavor neighborhoods from Staten Island to the Bronx.
That got reporter Tracey Samuelson thinking about different dialects and those people who study how we talk, and can even teach us how to talk differently. She has the latest report, about Dialect Coach Susan Cameron, for our series New York Works.
Let us know who you think we should profile next, in the comments section.