Consumer confidence takes a hit, mail order Salmonella, another spike in unemployment and insurers inadvertently aiding Iran’s nuclear program. This and more in this week’s Week in Pictures.
In this May 6, 2012, photo, shoppers carry their purchases along 33rd Street in New York. It was reported this week that Americans’ confidence in the economy in May had its biggest drop in eight months as consumers fretted about slow hiring, a big stock market drop and the global economy, according to the Conference Board, a private research group. Consumer confidence is widely watched because consumer spending accounts for 70 percent of economic activity. (AP Photo/CX Matiash)
The Bankia bank headquarters as seen in Madrid, Thursday May 31, 2012. The European Union urged Spain Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed to the recent market turmoil and soaring borrowing costs. The government nationalized Bankia earlier this month, and the euro 19 billion ($23.63 billion) in public money that will now be injected into it is more than twice what the government originally estimated would be needed. (AP Photo/Paul White)
In this Sept. 28, 2011 file photo, retired Supreme Court Justice John Paul Stevens, 91, works in his office at the Supreme Court in Washington. President Barack Obama and first lady Michelle Obama will honor Stevens and a diverse cross-section of other political and cultural icons — including former Secretary of State Madeleine Albright, astronaut John Glenn, basketball coach Pat Summitt and rock legend Bob Dylan — with the Medal of Freedom at a White House ceremony Tuesday. The Medal of Freedom is the nation’s highest civilian honor. It’s presented to individuals who have made especially meritorious contributions to the national interests of the United States, to world peace or to other significant endeavors. (AP Photo/J. Scott Applewhite, File)