Veterans Affairs loans offer good deals to vets, but they come with strings attached: strict provisions that can make it hard to buy foreclosed properties. Now many vets complain that the rules prevent them from bidding on the best deals.
retail and food service sales were up in June, according to the Commerce Department. Seasonally adjusted sales were up 0.1 percent. And the number of new unemployment claims fell last week.
Reuters columnist David Cay Johnston says he made a mistake. The Pulitzer Prize-winning economics reporter wrote about Rupert Murdoch's News Corp. The company faces a scandal in Britain but Johnston focused on something else. He wrote News Corp. paid no taxes for years, instead collecting billions of dollars in refunds. Johnston tells Steve Inskeep his story was wrong.
Sustainability challenges are enormous. Ratings can help drive attention and capital (financial, human, consumer) to those companies best positioned to address these challenges. Rate the Raters is a project that aims to make sense of the expanding universe of corporate sustainability ratings and rankings and to improve the quality and transparency of such ratings.Read more
Rupert Murdoch's media company has been under fire for a phone-hacking scandal in Britain. On Wednesday, News Corp. announced it was withdrawing a bid to buy full interest in the British broadcast company BSkyB. Murdoch has suffered a stunning loss of political influence in Britain.
British defense officials are auctioning the old aircraft carrier HMS Ark Royal. A Hong Kong-based investment company has an idea for what to do with it, according to The Wall Street Journal. Eagle Vantage Asset Management plans to transform the decommissioned carrier into a high-end luxury mall.
The phone-hacking charges involving Rupert Murdoch's News Corp. has mostly been a British scandal. But the tentacles of his empire extend far beyond Britain. Ken Auletta, media writer for The New Yorker, talks to Mary Louise Kelly about the scope of the News Corp. media empire.
As negotiations continue over the nation's deficit and debt ceiling, Thomas Hoenig is calling on the Federal Reserve to raise interest rates. Hoenig, president of the Federal Reserve Bank of Kansas City, says low rates have helped big banks but they're not allowing average people to save. Hoenig talks to Stave Inskeep about his ideas, and what they could mean for the economy.
The credit rating agency Moody's said it saw a "rising possibility" the U.S. would default on its Treasury debt obligations. Meanwhile, the president and congressional leaders are still trying to compromise on raising the debt ceiling.
The number of homes in foreclosure fell sharply in the first half of this year. But that doesn't mean the housing market is getting better.