NPR's business news starts with some books for resale.
(SOUNDBITE OF MUSIC)
INSKEEP: Start reading now. The Supreme Court has ruled that buying books overseas and reselling them in the United States does not violate copyright law. Yesterday's six/three decision comes as a relief to companies like eBay and Costco that resell all sorts of foreign goods.
Cypriot politicians are busy trying to come up with an alternative plan to raise the cash needed to stave off a collapse of its banking sector after they unanimously rejected an international bailout package that would have imposed a levy on the nation's savings accounts.
Here's a quick look at some of Wednesday's developments:
The first day of spring typically signals the high season for open houses and home sales.
The season seems to have arrived early in some places where homebuying is already frenzied, and in many markets, the pendulum has swung from an excess of homes on the market a few years ago to a shortage.
Companies are licking their chops at the prospect of a wave of baby boomers leaving their jobs with trillions of dollars in 401(k)s and other savings accounts, so older Americans may find themselves bombarded with ads for annuities. And younger boomers, too, may be targeted, since many are helping their parentswith investment decisions.
Amid Washington's dysfunction, one issue has united some liberal Democrats and conservative Republicans: a common concern that "too big to fail" is alive and well.
Despite the Dodd-Frank financial reforms, these lawmakers believe the nation's largest banks still pose a threat to the economy and that the government will step in to bail them out if they get in trouble.