Economy & Business

Economy & Business
9:21 am
Thu September 12, 2013

Plan Underway to Convert Wauwatosa's Warehouses Into Shopping Center

One of the many sketches in the works for the Mayfair Collection, opening in April 2014.
Credit REJblog

A Chicago developer may be setting a precedent as it repurposes Wauwatosa’s warehouses into a shopping center.

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Economy & Business
9:07 am
Thu September 12, 2013

PHOTOS: Train Cars Get New Life at Avalon Rail

Avalon Rail president June Garland offers an inside look at the company's West Allis train rehab shop.
Dan Harmon

Lake Effect's Dan Harmon takes us on a tour of Avalon Rail in West Allis.

Whether or not you are a rail fan, you might have noticed private rail cars attached to the end of a conventional train, or sitting on the tracks at the intermodal station in Milwaukee. 

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The Two-Way
8:04 am
Thu September 12, 2013

Jobless Claims Hit 7-Year Low, But Data Weren't Complete

At a Target store in San Francisco last month, job seekers waited in line.
Justin Sullivan Getty Images

A plunge in the number of first-time claims for jobless benefits last week — to a 7-year-low 292,000 — can be partly explained away by "technical problems," Reuters writes:

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Business
4:12 am
Thu September 12, 2013

Britain Plans To Privatize Royal Mail

Originally published on Thu September 12, 2013 5:57 am

British officials unveiled plans Thursday morning to sell the majority of its centuries old postal service. It's the largest privatization of a government service the country has seen in decades. The public offering of the world's oldest postal service would take place in the coming weeks.

Business
4:12 am
Thu September 12, 2013

Village People Singer Wins Copyright Case

Originally published on Thu September 12, 2013 6:05 am

Victor Willis has finally won a share of the income from his most famous song. The New York Times reports Willis, you know him as the police officer, has emerged from six years of legal wrestling with a new copyright in hand. The victory gives him substantial control over "YMCA" and 32 other Village People tunes.

Around the Nation
4:12 am
Thu September 12, 2013

Missouri Tax Posturing May Influence Other States

Republican lawmakers in Missouri on Wednesday failed to override a tax veto by Democratic Gov. Jay Nixon. The controversial measure would have lowered state income taxes for the first time in decades.
Orlin Wagner AP

Originally published on Thu September 12, 2013 4:50 am

Democratic Gov. Jay Nixon used some fancy footwork to ensure his veto of a tax cut stayed in place — even though it faced a supermajority of Republicans in the Missouri House and Senate

Nixon said he vetoed the tax cut because the $700 million price tag was "unaffordable." But he knew in doing so, he was up against a lion of a legislature, with a veto-proof majority in both chambers.

Lawmakers on Wednesday failed to override Nixon's veto.

Dan Ponder, a political scientist at Drury University, says the governor had a decidedly uphill battle.

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Around the Nation
4:12 am
Thu September 12, 2013

Mill Closing Is 'Major Setback' For Ala. Town

Originally published on Thu September 12, 2013 4:27 am

Transcript

RENEE MONTAGNE, HOST:

The world's largest paper producer says it's closing a mill in Alabama that employs 1,100 people. International Paper Company blames the closure in the town of Courtland on a decline in the demand for paper. Stan Ingold of Alabama Public Radio reports.

STAN INGOLD, BYLINE: The small town of Courtland, Alabama is reeling after the announcement by Memphis-based International Paper to close their mill. Diane Scanland is the executive director of the Lawrence County Chamber of Commerce.

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Business
4:12 am
Thu September 12, 2013

A Check On The Housing Industry

Originally published on Thu September 12, 2013 5:51 am

Transcript

RENEE MONTAGNE, HOST:

There is, of course, a lot of attention being paid about what's happening in Richmond because millions of other American homeowners around the country are also underwater - again, homes that are worth less than their mortgages. We're joined now by NPR correspondent Chris Arnold, who's been following all of this. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

MONTAGNE: How many homeowners are still underwater? I gather with the housing market coming back, this is changing - for the better.

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Business
4:12 am
Thu September 12, 2013

Calif. City Proposes Unique Plan To Avoid Foreclosures

Originally published on Thu September 12, 2013 5:09 am

A federal judge in San Francisco on Thursday hears arguments over a radical plan to stem the foreclosure crisis. The City of Richmond is proposing to buy underwater mortgages in order to help keep local residents in their homes. If banks don't want to sell those mortgages, the city says it is prepared to invoke eminent domain to seize the mortgages.

Business
4:12 am
Thu September 12, 2013

Mexico's Tax Overhaul Has Middle Class Crying Foul

Originally published on Thu September 12, 2013 4:26 am

Mexico's president has unveiled a major shakeup of the country's tax system. His administration says it's aimed at capturing more of Mexico's paltry tax collection. Critics say it's unfairly targeting the middle class. Among the items slated for taxing: dog food and private school tuition.

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