(2 of 2)
High inflation weakens the peso, so Argentines shift their savings to dollars, making dollars scarcer.
3 Housing-market crash
Since real estate is dollar-based, sales have dropped 41%, with the construction industry also taking a huge hit.
Europe's Rising Rivers
GERMANY
Clouds reflect in the floodwaters of the overflowing Elbe River near central Tangermünde on June 11. Weeks of heavy rains from late May to early June led to at least 22 deaths and extensive damage throughout central Europe. Germany has pledged $130 million for victims. The rising Danube River threatened major cities such as Vienna and Budapest.
Four Essential Facts About
Who's Protesting in Turkey
Antidevelopment and youth demonstrators were initially focused on protecting Gezi Park from being razed for a mall, but now they want Prime Minister Recep Tayyip Erdogan to go. Here's who's trying to make that happen and why:
The Women
Their argument is that Erdogan is antiwomen, evidenced by his advocating at least three children per family, his antiabortion stance and his failure to halt gender violence
The Secular
They see an authoritarian Erdogan slowly pushing Turkey back to its Islamic and conservative roots (in part by restricting alcohol and chastising a couple for kissing in public)
The Outsiders
Occupy Wall Street protesters rallied in New York City against the heavy-handed police crackdowns; before it was raided on June 11, Taksim Square resembled Zuccotti Park
The Poor
Erdogan has pushed urban construction, leading to gentrification that uproots impoverished and minority communities
UNITED STATES
$33.8 MILLION
Amount an anonymous bidder paid for the roughly 8-by-6-ft. 17th century Clark Sickle-Leaf Carpet; the previous record for a Persian rug was $9.6 million, set in London in 2010
Trending In
HUMAN RIGHTS
The U.K. will pay 5,228 Kenyan survivors of the Mau Mau uprising nearly $20 million for abuses committed by British colonial forces in the 1950s
DRESS CODES
Arriva, the train company that barred male drivers in Sweden from wearing shorts (they wore skirts in protest), reversed its ban
PUBLIC HEALTH
In Cape Town, about 180 people, some carrying human waste, were arrested for protesting inadequate sanitation facilities in South Africa
RETRIBUTION
A Kuwaiti court sentenced a teacher to 11 years in jail for allegedly inciting regime change and insulting the Emir on Twitter