Economy & Business

Code Switch
1:32 pm
Mon June 17, 2013

For People Of Color, A Housing Market Partially Hidden From View

Barriers to housing are a major reason for the disparity in household wealth between people of color and whites.
AP

Originally published on Mon June 17, 2013 5:53 pm

We've written before about the wealth gap between whites and people of color — a divide that's only grown wider over the past half decade. And since so much of Americans' household wealth is wrapped up in homes, a significant amount of that wealth gap has been chalked up to an array of barriers to homeownership for people of color.

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The Salt
12:27 pm
Mon June 17, 2013

Italian University Spreads The 'Gelato Gospel'

Thousands of students from around the world flock to courses near Bologna, in central Italy, at the headquarters of Carpigiani, the leading global manufacturer of gelato-making machines.
Giuseppe Cacace AFP/Getty Images

Originally published on Tue June 18, 2013 3:12 pm

Italy has secured its place in the global diet with the likes of espresso, cappuccino, pasta and pizza.

The latest addition to the culinary lexicon is ... gelato, the Italian version of ice cream.

And despite tough economic times, gelato-making is a booming business.

At Anzola dell'Emilia, a short drive from the Italian city of Bologna, people from all over the world are lining up for courses in gelato-making.

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Economy & Business
10:51 am
Mon June 17, 2013

Realtors Group Says Home Sales Grew for 23rd Straight Month

The median sale price of a home in May was $144,000
Credit Photo by Kevork Djansezian/Getty Images

The Wisconsin Realtors Association says sales of existing homes in May increased 18.2 percent, compared to May of 2012.

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Economy & Business
10:46 am
Mon June 17, 2013

Gas Prices Drop Nearly 20 Cents in a Week

The average price at the pump dropped 19.7 cents per gallon in Milwaukee

GasBuddy.com is out with its weekly survey of prices at Milwaukee gas stations.

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Business
9:40 am
Mon June 17, 2013

Economists To G-8: Want Growth? Try This

A 2013 Accord is ready to come off the line at the Honda automobile plant in Marysville, Ohio, in 2012. Accords built at the 4,400-employee plant are shipped to South Korea — an example of the importance of trade to manufacturing jobs.
Paul Vernon Reuters/Landov

Originally published on Mon June 17, 2013 11:13 am

If economists were cheerleaders, their favorite shout-out might be: "What do we want? Growth! When do we want it? Now!"

They won't actually shout those words, but they may be thinking them as global leaders meet this week for a G-8 summit. Economists are hoping that at the gathering in Northern Ireland, leaders of eight major economies will discuss expanding global trade and investment to spur job creation.

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Economy
4:26 am
Mon June 17, 2013

Long-Term Interest Rates Start Moving Higher

Originally published on Mon June 17, 2013 12:13 pm

Transcript

DAVID GREENE, HOST:

OK, Scott just made clear economic issues have some competition for top billing at the G 8 Summit in Northern Ireland. We do, though, want to drill down into one economic question this morning, and that's why interest rates here at home are going up. The bond market has pushed them to the highest levels in 15 months, and that includes mortgage rates.

Let's turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. David, good morning.

DAVID WESSEL: Good morning.

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Business
4:26 am
Mon June 17, 2013

The Last Word In Business

Originally published on Mon June 17, 2013 12:13 pm

Boring TV is such a hit in the Scandinavian nation of Norway that broadcasters are scrambling to produce even more shows to satisfy the appetites of viewers. One idea being considered is a live show with knitting experts, according to The Wall Street Journal.

Health Care
4:26 am
Mon June 17, 2013

Smartphones Help Bridge Gaps In Electronic Medical Records

Originally published on Mon June 17, 2013 12:13 pm

Transcript

DAVID GREENE, HOST:

Let's look now at another change in health care, and this one has to do with paperwork. Hospitals and clinics are slowly replacing paper files with sophisticated electronic health records. But with a variety of systems in use, they often can't easily share medical information with each other, and this can be a pretty serious problem in the case of an emergency.

As Elizabeth Stawicki reports, smartphones might be one way to bridge this electronic gap.

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Business
4:26 am
Mon June 17, 2013

Lowe's Looks To Acquire Hardware Stores

Originally published on Tue June 18, 2013 7:52 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with an acquisition for Lowe's.

(SOUNDBITE OF MUSIC)

GREENE: The home-improvement retailer Lowe's has reportedly agreed to buy Orchard Supply Hardware Stores. The sale price is expected to top $200 million. Now, Orchard is a California-based hardware and garden chain. It was once owned by Sears, and it's now about $230 million in debt.

Economy
4:26 am
Mon June 17, 2013

Poor Economy Encourages Scientists To Leave Spain

Originally published on Mon June 17, 2013 12:13 pm

Transcript

DAVID GREENE, HOST:

More than 40,000 scientists in Spain have signed a petition calling on the government to end cuts to their budget. They're blaming austerity for an exodus of the country's best and brightest researchers.

Lauren Frayer has more from Madrid.

UNIDENTIFIED GROUP: (Spanish spoken)

LAUREN FRAYER, BYLINE: Hundreds of lab-coated scientists delivered their petition to Spain's Economy Ministry. They marched there last week because the Science Ministry, itself, was closed in budget cuts.

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