And there's some good news for the nation's housing market. Numbers are out today and national foreclosure filings in February were the lowest they've been since 2006. That means on a national level, lenders repossessed fewer homes and fewer homeowners got in mortgage trouble. That's not the case though, here in California.
As NPR's Nathan Rott reports, the number of homes just entering the foreclosure process here is way up.
NATHAN ROTT, BYLINE: Berlinda Phommalayvane has a story that isn't uncommon in Southern California.
I started my journey at the famed Gdansk Shipyard, home of Poland's solidarity movement in the 1980s. It was nearly midnight when I arrived and saw for the first time the Maersk McKinney Moller, the world's largest container ship.
I simply wasn't prepared for just how massive it is. The whole ship really can't be taken in, even standing at a distance, so I gave my neck a good stretch by scanning this behemoth end to end, and up and down.
The Affordable Care Act — which many see creating challenges for businesses — could benefit a particular group of business people: entrepreneurs.
Joshua Simonson was reluctant to give up his job at a Portland, Ore., area grocery store, New Seasons Market, which he says had provided excellent health care for him and his family. He had a pre-existing condition that has prevented him from getting insurance in the private market, but one key development helped convince him to quit and start a farm.
On a street corner in downtown Washington, D.C., David Wise is opening a century-old iron gate in front of an old, boarded-up brick building.
Wise is an investigator for the Government Accountability Office, the government's watchdog group. His mission is to figure out why the government owns so many buildings, like this one, that it doesn't use.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
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And I'm Melissa Block. President Obama is taking another step to raise the wages of workers and he plans to do it without getting Congress involved. The White House says tomorrow Obama will direct the Labor Department to change the rules for businesses on overtime pay. The change could mean that millions of private sector workers currently classified as management could eventually qualify for overtime.
Herbalife revealed on Wednesday that the Federal Trade Commission has opened a civil investigation into the practices of the nutrition company, which sells weight-loss shakes, vitamins and other products.
Moments after Herbalife made the announcement, its stock price plunged. At 1:51 p.m., it had lost 12 percent of its value.
Bloomberg explains that hedge fund manager Bill Ackman accused the company of running a pyramid scheme. Bloomberg adds: