Home sales encourage consumer spending People who buy a home typically spend a lot of money on furnishings and fix-ups during the first year. As home sales pick up, consumer spending is expected to rise as well.6:50 a.m.
Statistics on real estate can be confusing Standard and Poor's reported yesterday that Twin Cities housing prices suffered "the worst monthly decline of any metro area" in the history of its respected Case Shiller index. But the Minneapolis Area Association of Realtors measures the median sale price for homes in the metro, and they say prices actually increased during that same period.6:55 a.m.
Summer gives rise to arts outdoors In addition to their natural beauty, regional and state parks have a variety of aesthetic offerings this summer, from music to art exhibitions.8:25 a.m.
National Public Radio Stories
Obama Picks Hispanic Woman For Supreme Court
President Obama named Sonia Sotomayor as his choice to fill the Supreme Court seat of retiring David Souter. She has been a judge since 1992 and an appellate judge since 1998. But critics may find their best ammunition against her in speeches she has made, not in her legal opinions.
Housing Project Part Of 'Inspiring Life's Journey'
Judge Sonia Sotomayor's road to a U.S. Supreme Court nomination began in a Bronx, N.Y., housing project. President Obama nominated her for the seat of retiring Justice David Souter on Tuesday. Obama said her early life in the housing project was part of the "wisdom accumulated from an inspiring life's journey."
Chinese Author Sees Breakdown Of Values
Bestselling Chinese author Yu Hua says, for his 40-something generation, life can be divided into two periods: the political excesses of the Cultural Revolution in the late 1960s and '70s, and the capitalist excesses of the past 30 years. His book Brothers is a lewd, rambunctious, heartbreaking epic of modern China.
Deadly Car Bomb Explodes In Lahore, Pakistan
Gunmen detonated a car bomb near police and intelligence agency offices Wednesday in Lahore, Pakistan. Officials say it was one of the country's most deadly attacks this year.
Face-Off Over 'Fracking': Water Battle Brews On Hill
Environmentalists and the natural gas industry are getting ready for a battle in Congress over "fracking," which involves injecting water and chemicals underground to pry out gas. Environmentalists want the federal government to regulate the practice because, in some cases, fracking may be harming nearby water wells.
Repo Man Hijacks Ratings From Telenovelas
The bread and butter for Spanish-language TV is telenovelas. Soap operas are so big in Los Angeles that they often get bigger ratings than their English-language cousins. A reposessor is bucking that trend with a reality show in Spanish.
GM Says Bondholder Offer Fails
General Motors seems destined for bankruptcy. Bondholders in the automaker have forced it to withdraw a plan to swap $28 billion in bond debt for 10 percent of the company's stock. GM has until Monday to complete a government ordered restructuring that includes debt reduction.
Poll: Economists Say Recession Likely To End In '09
A survey of 45 top economists concludes that the recession will probably end by the second half of this year. But the poll from the National Association of Business Economics also suggests the economy will stay soft and the labor market won't improve until next year.
Shareholder Puts Bullseye On Target's Board
Before the economic downturn, discount retailer Target was beloved by both consumers and Wall Street. One of its largest shareholders invested billions in the company two years ago, and has since lost about half that investment. That disappointed shareholder is looking to shake up Target's board of directors in what has become an expensive corporate fight.
Vatican Radio To Air Its First Commercial
Vatican Radio says it will start running commercials for the first time in its history. Vatican officials say an Italian communications firm specializing in publicity for Catholic media will screen potential clients for quality and ethical content. The first ads — for an Italian energy company — will start running July 6.