And today's last word in business is: Bidding War.
The real estate market has been heating up in some popular locations - like the Hamptons.
STEVE INSKEEP, HOST:
And this week, two Wall Street types competed for a narrow lot bordering both of their properties there. And when we say narrow, the strip of land is almost 1,900 feet long - 1900 feet long and one foot wide.
Saturday in Buenos Aires, Argentina, the International Olympic Committee will announce the host of the 2020 Summer Games. The committee is choosing from among Istanbul, Madrid and Tokyo. The contenders all have strong selling points, but each also has serious issues clouding its bid.
There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.
At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.
Originally published on Tue September 10, 2013 12:52 pm
Here's a bit of news that might make you drop that chicken nugget midbite.
Just before the start of the long holiday weekend last Friday, the U.S. Department of Agriculture quietly announced that it was ending a ban on processed chicken imports from China. The kicker: These products can now be sold in the U.S. without a country-of-origin label.
Melissa Block speaks with David W. Lesch, a professor of Middle East history at Trinity University and the author of The New Lion of Damascus: Bashar al-Asad and Modern Syria for a profile about Syrian President Bashar al-Assad.
The Senate returns from its month-long recess a few days early on Friday, but only briefly, for the sole purpose of bringing to the floor the Syria resolution. But a Senate vote on the proposal is still a week away, with the House not likely to act until the Senate has finished.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block. The percentage of middle and high school students who use electronic cigarettes has more than doubled. That's according to a report out today from the Centers For Disease Control and Prevention. As NPR's Patti Neighmond reports, federal health officials are worried about the safety and addictive potential of E-cigarettes.
Originally published on Mon September 23, 2013 5:09 pm
It's a common notion here at NPR that the best part of us is you, our audience. You are 27 million individuals with one important thing in common: you listen to NPR. So, we got to thinking, if NPR brings us together what else do we have in common?
Copyright 2013 NPR. To see more, visit http://www.npr.org/.
BP is fighting the settlement it agreed to last summer that let the oil company avoid thousands of potential lawsuits over the 2010 Gulf of Mexico oil spill.
Just after the spill, when oil was still gushing into the Gulf, BP touted the $20 billion it set aside for claims. But now it says the claim process is corrupt and is hoping a court will overturn the settlement that established the claims fund.
Ending the claims would mean stopping a well-oiled machine.