Economy & Business

Politics
4:12 am
Wed August 7, 2013

Obama Focuses On Making Home Ownership More Accessible

Originally published on Wed August 7, 2013 4:24 am

President Obama is in California, where he'll visit Marines at Camp Pendleton. On Tuesday, he spoke about housing in Phoenix. Among other items, he talked about winding down Fannie Mae and Freddie Mac, the companies that guarantee most long-term fixed-rate mortgages in the U.S.

Business
4:12 am
Wed August 7, 2013

Bezos' Resources Could Go A Long Way For 'The Post'

Originally published on Wed August 7, 2013 8:41 am

News that Jeff Bezos, the founder and CEO of Amazon, is buying The Washington Post for $250 million took many in the news media and publishing industries by surprise. For more insight into Bezos, David Greene talks to BusinessWeek senior writer Brad Stone. He is the author of an upcoming book: The Everything Store: Jeff Bezos and the Age of Amazon.

Law
6:25 pm
Tue August 6, 2013

DOJ Sues Bank Of America Over Mortgage-Backed Securities

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block. The Justice Department is bringing civil charges against one of the nation's largest banks. The government alleges Bank of America made false statements about the quality of $850 million worth of home loans. Those loans were then sold to investors. NPR's Chris Arnold reports.

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Business
5:26 pm
Tue August 6, 2013

With An Industry In Turmoil, Why Buy A Newspaper Company?

The Washington Post is now in its seventh straight year of declining revenues, says the paper's chairman, Donald Graham. Rather than continue to watch the paper struggle, Graham and Publisher Katharine Weymouth decided to look for a buyer.
Jonathan Ernst Reuters /Landov

Originally published on Tue August 6, 2013 7:20 pm

Donald Graham, chairman of The Washington Post Co., is the son and grandson of its leaders for the past 80 years. And along with his niece, publisher Katharine Weymouth, Graham admitted in a video on The Post's website that the family simply didn't have the answers to questions about the paper's future.

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It's All Politics
3:49 pm
Tue August 6, 2013

With 'Post' Purchase, High-Tech Continues Its March On D.C.

Jeff Bezos, CEO and founder of Amazon.
Reed Saxon AP

Originally published on Tue August 6, 2013 4:44 pm

It's kind of an obvious thought: Jeff Bezos' purchase of The Washington Post is Richard Nixon's revenge.

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The Two-Way
3:12 pm
Tue August 6, 2013

U.S. Sues Bank Of America Over Mortgage-Backed Securities

Originally published on Tue August 6, 2013 3:33 pm

The Department of Justice announced Tuesday that it was suing Bank of America for allegedly lying to investors about the riskiness of about $850 million worth of mortgage-backed securities back in 2008.

According to a press release by the Justice Department, the action is part of efforts of the Obama administration's Financial Fraud Enforcement Task Force's RMBS Working Group.

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Economy
3:08 pm
Tue August 6, 2013

Obama To Endorse Privatizing Fannie Mae, Freddie Mac

Originally published on Tue August 6, 2013 6:25 pm

Transcript

AUDIE CORNISH, HOST:

President Obama was back on the road talking about the economy today. Lately, he's been taking a trip or two a week all over the country with a different focus each time. Today, he was talking about housing in Phoenix, where the 2008 crash was louder and more painful than in most places. The president laid out some new proposals to help the housing industry, and he described some old ones too.

NPR's Ari Shapiro joins us here. Hi, Ari.

ARI SHAPIRO, BYLINE: Hi, Audie.

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The Two-Way
11:38 am
Tue August 6, 2013

Bezos Can Help 'Post' Disrupt Other Businesses, Editor Says

Jeff Bezos, founder and CEO of Amazon.com and soon-to-be owner of The Washington Post, last month in Sun Valley, Idaho.
Kevork Djansezian Getty Images
  • From 'Here & Now': 'Washington Post' executive editor Martin Baron on new owner Jeff Bezos

What does Amazon.com founder Jeff Bezos bring to The Washington Post, which he just agreed to buy for $250 million?

Here's how the Post's executive editor, Martin Baron, answered that question Tuesday on Here & Now:

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Business
11:07 am
Tue August 6, 2013

Will A Hockey Arena Save Detroit?

Transcript

MICHEL MARTIN, HOST:

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Economy & Business
10:56 am
Tue August 6, 2013

Does a Skills Gap Exist?

Potential employees and employers are both hurt by skill gap
Credit Navy/Flickr

Dan Harmon speaks with Erik Gunn on the skills gap

We've been hearing about the skills gap in manufacturing for a long time. But, is it real?

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