Economy

RSS Feed
NPR

Fannie, Freddie 'Catastrophe' Began In 1991

It's been more than three years since the government bailed out mortgage giants Fannie Mae and Freddie Mac. Gretchen Morgenson, of The New York Times, has co-authored a book about Fannie and Freddie called Reckless Endangerment. Morgenson talks to Linda Wertheimer about the taxpayer-owned entities.
NPR

Obama To Nominate 2 Candidates For Fed Vacancies

Harvard professor Jeremy Stein is a Democrat who served as a senior adviser to Obama's Treasury Department. Republican Jerome Powell served at Treasury under the first President Bush.
NPR

'Smart Decline': A Lifeline For Zombie Subdivisions?

With many boomtime developments now just dusty wastelands, Sun Belt suburbs like those outside Phoenix are shifting gears. Some planners argue for a radical option called "smart decline" — letting empty lots go back to nature and even, in some cases, tearing down infrastructure.
NPR

With So Many Voices, Will Occupy Still Be Heard?

In just a few months, the movement started a national conversation about inequality. With the end of many encampments, the movement is entering a new phase. Some say this dynamism will ensure success. Others think the movement will fail without political partners and compromise.
NPR

Las Vegas Housing Market Attracts Asian Investors

In Las Vegas, the housing market continued to struggle this year, but investors from Asia see opportunity there. They're taking advantage of housing prices that have plummeted in recent years, buying foreclosed homes for less than it would cost to build them.
NPR

'Slow, Plodding' Economy Stalled By Housing Market

Home prices have fallen 35 percent from their peak about six years ago and continue to drop. That makes lenders and potential homebuyers nervous, so sales aren't picking up much despite the lowest interest rates in decades. And the unsolved foreclosure mess continues to push prices down even more.

Pages