Steve Inskeep talks to David Wessel, economics editor of The Wall Street Journal, for a preview of what Friday's jobs report is likely to say about the U.S. economy. The stock market is setting records and though profits are up, wages are stagnant.
Bank foreclosures often force people out of their homes. Some houses re-sell, and new people move in. Five years ago, NPR's Emily Harris bought a house that sold in foreclosure. An evening ring at her doorbell led her to meet the person who had lived there before.
And today's last word in business is space memorabilia.
Heritage Auction house is selling items that have gone to the moon. Astronaut Buzz Aldrin's toothbrush could be yours with the right offer.
DAVID GREENE, HOST:
OK. The bidding for this toothbrush - I hope they disinfect it - it's a light blue, Lactona tooth tip brush. The bidding starting at $9,000. The auction house is actually hoping that buyers will offer more than that.
Lawyer Meredith Watts (left) visits client/patient Shirley Kimbrough at her apartment in north Akron, Ohio. Kimbrough is being helped by a program under which lawyers partner up with health providers to supply patients with legal advice.
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.
There's been increasing support for the number of H-1B visas, for highly skilled workers. Large tech companies are leading the push for the increase, but many of the visas go to workers at large consulting firms.
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
A drilling rig near Kennedy, Texas.
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.