Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?
Although the Affordable Care Act is the law of the land, there are ongoing fights in many states over how to carry it out. One conflict concerns navigators, the insurance counselors who are supposed to help people learn about the law. This week saw two major developments: a federal judge put a strict Missouri law on hold, saying the state didn't have the right to regulate the work of navigators. But in Texas, state officials did just that this week.
Carrie Feibel of member station KUHF in Houston reports on the new rules in Texas.
When I heard late Thursday that Attorney General Eric Holder had come out in favor of bank accounts for state-sanctioned pot businesses, I assumed the industry would react with cheers. After all, they've long complained about being black-balled by banks, which are justifiably afraid of violating federal laws against handling drug money.
But when I started calling around today, the reactions ranged from "That's nice" to "Meh."