NPR's business news starts with Occupy Wall Street and West Coast ports.
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INSKEEP: Occupy protesters in cities up and down the West Coast are attempting to paralyze some of the nation's busiest ports today. Organizers say they expect thousands of demonstrators to turn out for what they're calling Wall Street on the Waterfront.
Let's report, next, on a surprise agreement on climate change. United Nations climate talks in South Africa were not expected to produce much, but negotiators for many nations did make a deal, one that could lead to a major new climate treaty at the end of the decade. NPR's Richard Harris is in Durban, South Africa covering the story. Hi, Richard.
Let's come back to this country now, where we're expecting a court hearing today in the Jerry Sandusky child sexual abuse scandal - it comes tomorrow. Among those expected to testify is the man designated by the grand jury as Victim One. His story of alleged abuse prompted a major investigation and brought this case to light.
And as the president does that, the race for the Republican presidential nomination continues. Newt Gingrich and Mitt Romney are the leaders in the race for that nomination. They faced each other in a debate in Des Moines, Iowa Saturday night.
And let's hear one more number. In a CBS/New York Times poll released on Friday, more than half the respondents, 54 percent, said that President Obama does not deserve to be re-elected.
The president appeared on CBS last night, telling "60 Minutes" why he thought he would win the job again, despite that number. And we're going to talk about that and more with NPR's Cokie Roberts, who joins us most Mondays.
On this April 7, 2009, visit to Iraq, President Obama greets U.S. troops at Camp Victory in Baghdad. On Dec. 2, 2011, the base was handed over to the Iraqi government. All U.S. soldiers are to be gone from Iraq by year's end.
Cui Jinmin oversees an abandoned strip of unfinished highway in western China's Shaanxi province. Cui says the government stopped paying his workers in April and they went home in July.
Credit Frank Langfitt/NPR
Work on this $1.5 billion highway in western China's Shaanxi province mostly halted after the government ran out of money. China has spent large sums to help keep its economy growing in recent years, but many local governments now face big debt burdens.
As the U.S. and Europe have struggled with debt, China has seemed to be largely immune. This fall, the European Union even asked China for financial help, but China has a debt problem of its own.
Over the past several years, local governments have run up at least $1.5 trillion in bank loans for infrastructure projects intended to prop up the nation's economic growth. Analysts think much of that money will never be repaid.