For all of last year, Fannie Mae posted net income of $17.2 billion. Just a year earlier, it had lost nearly the same amount. The company that finances home mortgages is still under government conservatorship.
In recent weeks, we've heard a lot of threats from North Korea. Yet we know little about their leadership when it comes to domestic policy. For a window into what changes might be like, David Greene talks to North Korean expert Marcus Noland, director of Studies at the Peterson Institute for International Economics.
Hey Siri, can I take a shower on the Trans-Siberian Railway?
(SOUNDBITE OF BEEPING)
SIRI: I found 15 places matching the trend, southern of Denmark. They're pretty far from Railroad, Pennsylvania.
GREENE: Mm-hmm. OK. Not that accurate, Siri. Well, you know, what might work better than an iPhone? A travel guidebook, the good old fashion kind. Let me see I'm looking to see what it says in "Trans-Siberian Railway Guide" from Lonely Planet: There are no showers on passenger carriages except for a few top-quality trains.
For Florida Atlantic University, a recent decision to sell the naming rights of its new football stadium to the GEO Group, turned from being a cash windfall to a PR disaster. When FAU's president announced the deal, she called GEO, a private prison corporation, a wonderful company. Not everyone agreed. Students, troubled by allegations of abuse at some facilities, held protests and now the deal has been called off.
Let's look now at a vital part of the Japanese economy: the auto industry. While vehicle sales in the United States last month were at the highest level since August of 2007, Japanese auto sales decreased by nearly 16 percent. That is just the latest in a six-month slide for auto sales in Japan. In today's business bottom line, NPR's Sonari Glinton looks at Japan's faltering domestic auto sector.
NPR's business news starts with a record high in Europe.
The jobless rate in the eurozone hit 12 percent for the first two months of the year. That's the highest unemployment has been in the eurozone since the euro currency was introduced in 1999. Analysts say rising unemployment is partly due to budget cuts and tax hikes aimed at reducing heavy levels of government debt. Transcript provided by NPR, Copyright NPR.
If you travel a lot you're probably doing a lot of meals in airports, maybe fast-food by Gate C31 or the chain coffee place nearby. Well, one of the busiest airports in the country is now bringing in local restaurants.
As Peter O'Dowd reports from member station KJZZ in Phoenix, these small businesses are taking a risk for a shot at a big reward.
Camden, N.J., has serious health problems, with too many people going to local emergency rooms unnecessarily. But progress is being made, albeit slowly.
John Pike, 53, is a Camden resident who used to be a frequent flier at the ER.
Pike has a smoker's cough, and when that cough or pain in his bad hip flared up, he'd go to the ER — maybe eight or nine times a year. But when he did, ER staffers didn't really remember him or his medical history.
The demand from American companies for high-skilled immigrants seems to be up this year. And that could mean something is about to change for the overall economy.
There is a cap on the number of visas the government gives out for these kind of workers every year. Lately, that cap has been 85,000. Demand always outstrips supply, but for the past couple of years, it has taken at least a few months to hit the quota. But this year, the H-1B visas might be gone by the end of the week.