Home values have been rising in recent months, but mortgage rates have taken a rapid turn upward as well. Some investors are worried that the housing recovery may stall if mortgage rates jump too quickly.
Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.
The Federal Reserve has two main missions: to maximize employment and minimize inflation. Right now, there are few, if any, signs that prices for goods are spiking, and the job market is still crawling out of its long, deep slump.
The violin and viola that Wolfgang Amadeus Mozart played himself are in the United States for the first time ever. The instruments come out of storage only about once a year at the Salzburg Mozarteum in Austria. The rest of the time, they're kept under serious lockup.
Originally published on Wed October 2, 2013 2:45 pm
In the spring of 2012, Scottish singer-songwriter KT Tunstall traveled to Tucson, Ariz., to work on her sixth album, Invisible Empire // Crescent Moon. But before she could return to finish the record, a lot happened in her personal life: The death of her father, as well as the dissolution of her marriage to drummer Luke Bullen, left Tunstall in a standstill.
"A Gift for the Grangers" was a recruitment poster for the National Grange printed in 1873. Grange membership around this period was estimated by some to be as high as 2 million. Today it's less than 200,000.
Credit National Grange of the Order of Patrons of Husbandry
The Marys River Grange Hall near Philomath, Ore., was established in 1933. In 2009, a few remaining members were preparing to vote to shut the Grange down. But word spread and a group of new members interested in local and organic agriculture joined and have kept the hall operating.
Lots of passionate people are taking up farming these days, motivated by frustration with industrial farming, concerns about the environment, and a desire to build community and local food markets. Some of these new farmers have joined the Grange, a long-established fraternal organization for farmers with roots in social activism.
In Oregon, Granges dominated by this new generation have banded together in a coalition dubbed "Green Granges," which work together to advance the issues they care about.
Miguelo Rada doesn't seem like the kind of guy who'd have extra cash. He just spent 32 years in prison, he lives in a halfway house in West Harlem, and his current income comes only from public assistance.
He uses food stamps for food, wears hand-me-down clothes and buys almost nothing. He is also an unofficial bank.
"If somebody asks me, 'Can I borrow $20?' If I have it I'll say, 'Here!' " he says.
This kind of borrowing is one way people do what economists call "consumption smoothing" – basically making spending more regular, even when income is not.
This weekend the American Medical Association will kick off its annual exercise in medical democracy.
The group's House of Delegates will meet in Chicago to vote on resolutions that range from a demand that private insurers pay doctors at least as much as Medicare does to a call for federal legislation affirming the right of doctors to talk about gun safety with patients.
We are broadcasting today from the Pacific Science Center in Seattle. And just steps away from this building, right outside is something that should be familiar to anyone who's ever received a postcard from Seattle or taken home a pen or a glass or anything tchotchke of any kind. And it's the Space Needle, built in connection with the 1962 World's Fair. It is an iconic part of the Seattle skyline.
This is SCIENCE FRIDAY, I'm Ira Flatow. He's been called Mayor McSchwinn for riding his bicycle to work. He's pledged to turn his town of Seattle into a model for what one city can do to lower its carbon footprint, and for good reason. As the climate changes, coastal cities like Seattle are challenged by rising sea levels.
"The United Nations, and in particular I, have been making it consistently clear that providing arms to either side would not address this current situation," Ban told reporters during a briefing. "There is no such military solution."
One word sums up my reaction to Joss Whedon's film of Shakespeare's Much Ado About Nothing: Huzzah!
Here is the creator of Buffy the Vampire Slayer — and the director of The Avengers — working with American TV actors who have little or no training in verse-speaking. Who could have predicted such a team would produce the best of all filmed Shakespeare comedies?