Income and wealth inequality is just about as American as baseball and apple pie. And although the economy has improved in the last few years, the unemployment rate for black Americans is about double that for whites.

Los Angeles is home to a large slice of the world's bluejeans trade. But as the U.S. apparel industry continues to shrink, the city's high-end bluejeans business faces a threat. The European Union has imposed a nearly 40 percent tariff, which could cripple the city's jean business.

Robert Siegel talks with Adam Davidson from Planet Money team about this week's cluster of positive data on the health of the U.S. housing market. Davidson says the strength of the housing sector is now irrefutable, even though a broader economic recovery is still years away.

Seven months after Hurricane Sandy slammed into the Jersey Shore, Asbury Park is still waiting for insurance and federal aid money. In the meantime, it borrowed $10 million to repair the waterfront in time for the critical Memorial Day weekend.

The U.S. stock market indices are up 15 percent so far this year. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal, about the week in stocks. What's behind the broader rally this year, and why did things get rocky this week?

Maryland's gas tax increase this summer will bring an increase in something else: gas inspections and paperwork at stations.

Millions of students rely on loans and grants for their studies. But with universities strapped for cash, fewer schools are able to admit students regardless of their financial need. Host Michel Martin asks the President of Iowa's Grinnell College, Dr. Raynard Kington, why his school considered putting a halt to need-blind admissions.