Business

2:29am

Mon April 23, 2012
NPR Story

Continued Job Growth Will Help Housing Industry

Originally published on Mon April 23, 2012 4:36 am

Transcript

STEVE INSKEEP, HOST:

Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.

CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.

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3:30pm

Sun April 22, 2012
Economy

Poverty In America: Defining The New Poor

Originally published on Mon April 23, 2012 8:50 am

President Clinton prepares to sign legislation overhauling America's welfare system at the White House Rose Garden on Aug. 22, 1996. Today, the ranks of the nation's poor have swelled to a record 46.2 million — nearly 1 in 6 Americans — as the prolonged pain of the recession leaves millions still struggling and out of work.
J. Scott Applewhite AP

Welfare changes in the 1990s helped slash cash benefit rolls, yet the use of food stamps is soaring today. About 15 percent of Americans use food stamps. The program has become what some call the new welfare.

A big reason why is a deal struck between President Clinton and the Republican-controlled Congress in 1996. At that time, the number of Americans who received cash payments — what's often thought of as welfare — was at an all-time high.

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3:06pm

Sat April 21, 2012
Economy

The Export Boom: Who's Buying American?

Originally published on Sat April 21, 2012 7:09 pm

Container ships are positioned under cranes at the Port of Oakland in California. U.S. exports are up more than 30 percent from just two years ago, when President Obama set a goal of doubling U.S. exports in five years.
Justin Sullivan Getty Images

In his State of the Union address two years ago, President Obama argued there were a few things the U.S. needed to do in order to recover from the economic recession. One of them was to export more of our goods around the world.

"The more products we make and sell to other countries, the more jobs we support right here in America," Obama said.

That night, the president unveiled a new goal: to double U.S. exports over the next five years. It would be an increase that the president said would "support two million jobs in America."

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12:57pm

Sat April 21, 2012
The Two-Way

At The IMF, $430 Billion In Pledges Buys Leverage For Emerging Markets

Originally published on Mon April 23, 2012 4:09 am

The UK gave some support to the emerging market nations' quest for a greater role today at the IMF during the spring meetings of the World Bank and International Monetary Fund in Washington, D.C.

Chancellor of the Exchequer George Osborne said the UK's $15-billion contribution to the IMF's enhanced crisis fund could not be accessed until further progress is made on giving the emerging market a greater voice in how the is Fund is run.

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5:41am

Sat April 21, 2012
Economy

Local Economy Could Soar With Boston-Tokyo Flight

Originally published on Sat April 21, 2012 8:46 am

Transcript

SCOTT SIMON, HOST:

Boston is getting the country's first commercial route flown by the new Boeing 787 Dreamliner. Now, the flight lifts off tomorrow afternoon, nonstop service from Boston to Tokyo. The Japan Airlines flight will also give a lift to Boston's economy, with Japanese tourists and business travelers now just 13 hours away.

From member WBUR in Boston, Curt Nickisch reports on the city's nonstop excitement.

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