A major expansion of the Panama Canal is fueling the tiny Central American country's economy. Last year, Panama's economy grew by more than 10 percent. But with roughly one-third of the country's people living in poverty, critics say the growth is primarily benefiting a small elite.
The World Bank has named Dr. Jim Yong Kim as its new president. Kim is a Korean-born American and currently the president of Dartmouth University. Kim is a health expert who doesn't have strong finance credentials. Audie Cornish talks with John Ydstie about Kim's appointment.
Foreclosure filings in March fell to their lowest level in four years. Some analysts see the market healing and turning around, yet others argue the next wave of foreclosures are just around the corner. NPR's Chris Arnold discusses how housing markets are faring across the nation.
As federal and state funds for higher education dry up, many universities are putting new emphasis on Tech Transfer -- patenting and licensing inventions made by faculty members. These inventions can be profitable, but critics warn there are pitfalls."
George Mason University Economist Tyler Cowen talks to Steve Inskeep about his new book, An Economist Gets Lunch: New Rules for Everyday Foodies. Cowen criticizes people he calls food snobs, but at the same time, he admits that label also applies to him.
The action by China's central bank widens the range at which the currency can be traded on the international market. The move is seen as seen a step toward addressing foreign complaints that China was suppressing the value of its money to boost Chinese exports, and hurt foreign imports.
It's in a ritzy section of town, so the company is hoping to appeal to high end customers with a retro farmhouse style decor. This includes Ottomans covered in vinyl cowhide fabric and the front of a 1960s van mounted on the wall.
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