The middle-income housing projects Stuyvesant Town and Peter Cooper Village sit on an 80-acre patch of Lower Manhattan. In 2006, they came to epitomize the lunatic excess of the housing boom when their 11,232 apartments sold for $5.4 billion. They were bought at a competitive auction by Tishman Speyer Properties and BlackRock Realty.
Legal troubles keep mounting for hedge fund manager Steven Cohen and his firm SAC Capital. Today, an appeals court judge in New York reinstated a lawsuit filed by his ex-wife, accusing Cohen of fraud. Last week, one of his top lieutenants was charged with insider trading and he was the fifth person with the firm to face arrest.
Still, as NPR's Jim Zarroli reports, U.S. officials have so far failed to bring charges against Cohen himself.
The tech industry wants more skilled workers — from overseas. Companies are lobbying hard for Congress to raise the limit on H-1B visas — visas for people with specialized skills — researchers, for instance, or software engineers.
Brad Smith, Microsoft's general counsel, recently told NPR that more H-1B visas can't help but be good for the country.
Originally published on Wed April 3, 2013 11:14 pm
Credit Eric Gay / AP
Manufacturing in the U.S. still uses the most energy. But its share has been decreasing. That's partly because we've moved from energy-intensive manufacturing to a more service-based economy. And also partly because of a slowing population growth and improving energy efficiency.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, the New York African Film Festival is getting under way. The festival is in its 20th year now, so we're going to talk about the stories being told by a new generation of African filmmakers. That's coming up.
The Obama administration is delaying the start of a key piece of the Affordable Care Act. Workers in small businesses will have to wait an additional year to be able to choose from more than one plan in the marketplaces that start next January.
If you travel a lot you're probably doing a lot of meals in airports, maybe fast-food by Gate C31 or the chain coffee place nearby. Well, one of the busiest airports in the country is now bringing in local restaurants.
As Peter O'Dowd reports from member station KJZZ in Phoenix, these small businesses are taking a risk for a shot at a big reward.
Let's look now at a vital part of the Japanese economy: the auto industry. While vehicle sales in the United States last month were at the highest level since August of 2007, Japanese auto sales decreased by nearly 16 percent. That is just the latest in a six-month slide for auto sales in Japan. In today's business bottom line, NPR's Sonari Glinton looks at Japan's faltering domestic auto sector.