The Spanish region of Valencia has been called the "California of Spain" for its gorgeous Mediterranean coastline and modern architecture.
But now Valencia epitomizes the worst of Spain's problems. It had the country's most inflated property market and the biggest crash. Its landscape is littered with empty and half-finished buildings. Valencia has also had an unusually high number of politicians indicted for corruption.
Over the past several years, Democrats and Republicans have disagreed on how address the problems of deficit and debt, but there's broad consensus that we need to reduce both by significant numbers, and soon. In his columns in New York Times and in a book called "End this Depression Now!" Nobel Prize-winning economist Paul Krugman defies the conventional wisdom. He argues for more spending, not less, says the deficit's not too bad, and that a little inflation might be a good thing.
Boston, November 1942: 492 people died in a fire at the Cocoanut Grove. June 1974: 24 dead at Gulliver's in Port Chester, New York. In February 2003, 100 killed at The Station in West Warwick in Rhode Island. Tragedies that seared back into memory following the death of at least 230 on Sunday at the Kiss nightclub in Santa Maria, Brazil, preventable tragedies that could have been mitigated or stopped altogether by adherence to fire safety laws.
This is TALK OF THE NATION. I'm Neal Conan, in Washington. Today, Egypt's defense minister warned that rising conflicts and chaos in the country could result in the collapse of the state and that it poses a threat to the future of coming generations, this after days of violent anti-government protests and demonstrations in cities across Egypt, including Cairo, the capital, and Port Said, just north of the Suez Canal.