Here's a sign of economic recovery: Americans are gambling again. People apparently have enough money to throw some of it away. After a drop during the slowdown, casino revenues are up nationwide. In fact, up to pre-recession levels.
Europe is debating whether austerity - with its deep budget cuts and tax hikes - is the right cure for the continent's debt crisis. But in Portugal, one of the first countries bailed out by the European Union, the austerity drive goes on. The government there is struggling to repay its loans, and has announced more steep job and benefit cuts, as the country struggles to avoid what was Greece's fate - a second bailout.