Business

3:03am

Fri March 23, 2012
Crisis In The Housing Market

Fannie, Freddie Press For Mortgage Write-Downs

A Fannie Mae/Freddie Mac mortgage services representative (left) helps a person register for mortgage help in Miami.
Joe Raedle Getty Images

The two most powerful entities in the housing market — Fannie Mae and Freddie Mac — could be on the verge of a significant change regarding foreclosures. NPR and ProPublica have learned that both firms have concluded that giving homeowners a big break on their mortgages would make good financial sense in many cases.

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2:58am

Fri March 23, 2012
Planet Money

How A City Goes Broke

Originally published on Mon March 26, 2012 3:35 pm

A garbage truck at the Harrisburg incinerator.
MLADEN ANTONOV AFP/Getty Images

This is the first of two stories we're doing on Harrisburg. Read the second story here.

Eric Papenfuse owns a bookstore in Harrisburg, Pa. He used to be on the city agency in charge of basic municipal services — sewer, water, trash.

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4:22pm

Thu March 22, 2012
The Two-Way

Or Maybe They're Just Throwing Darts

Originally published on Thu March 22, 2012 5:14 pm

Lana Turner, center, is an interested listener as actress Ava Gardner leans over her to chat with Fernando Lamas, who is famous for saying, "It's better to look good, than feel good."
AP

Why do economists keep getting it wrong?

For months, the job market's strength has been exceeding economists' predictions. It happened again today: the Labor Department's weekly report on first-time jobless claims came in at just 348,000 — the lowest level in four years.

Most economists had predicted about 355,000 people had applied for unemployment benefits in the week ended March 17. So why do they keep missing the mark?

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3:59pm

Thu March 22, 2012
Business

Eye Candy And Brain Food? The Auto Show Product Specialist

Brenda, a product specialist, stands next to the new Buick crossover.
Nathan Heffel KUNC

What does the Denver International Auto show have in common with the Ringling Brothers Circus? It’s not animals – or tiny little cars. 

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3:15pm

Thu March 22, 2012
Business

Loveland Eyes New Initiative, Moves on From Failed ACE Effort

Officials are still hoping to attract businesses to fill this empty room, situated on the former Agilent campus
Grace Hood

After parting ways with the Colorado Association for Manufacturing and Technology, Loveland officials will kick start a new business initiative tomorrow aimed at developing more high-tech jobs at existing companies in the area.

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