National News

PODCAST: The shoppers who never showed

Marketplace - American Public Media - Tue, 2014-05-13 06:50

Forecasters were expecting a spike in retail sales during April. The government said there was nothing of the kind. Retail sales last month rose just a tenth of a percent, with consumers proceeding cautiously, despite warmer weather. Taking out volatile spending on cars, gasoline and food, so-called "core" retail sales fell slightly. Not exactly a boom in the making.

Meanwhile, economic data from China covering April suggested across the board weakness in economic activity there -- from output to investment to consumption -- all missing the expectations of experts. These are leading to renewed calls for Beijing to ease up on its efforts to rein in its bubbly credit markets.  Marketplace regular Christopher Low, the chief economist at FTN Financial in New York is traveling in Hong Kong and joins us to discuss.

Representatives from Vallejo, California are visiting the White House Tuesday to talk about "participatory budgeting," a unique democratic process where residents propose and choose city-funded projects. Residents in this small San Francisco Bay Area city voted-in participatory budgeting after the city went through a bankruptcy in 2008. A small portion of the city's overall budget is allocated to the process, made available through a sales tax. This year, residents have $2.4 million to work with.

 

Christopher Columbus Ship The Santa Maria May Have Been Found

NPR News - Tue, 2014-05-13 06:43

The ship sank in 1492 after hitting reefs off the Haitian coast. Undersea explorer Barry Clifford says he's working with Haiti's government to carry out an archaeological excavation of the wreck.

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Resveratrol May Not Be The Elixir In Red Wine And Chocolate

NPR News - Tue, 2014-05-13 06:06

Red wine and chocolate may be good for you, but it's likely not from the resveratrol. A study finds that the antioxidant had no influence on longevity, cancer, heart disease or inflammation levels.

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New book tells of China's modern awakening

Marketplace - American Public Media - Tue, 2014-05-13 04:12

If someone forced you to name the biggest economic and social transformation of the last 35 years, what would you say? The internet, probably.

But what about China, where more than half a billion people have moved up from poverty? Like so much good writing about vast topics, New Yorker writer Evan Osnos tells it from the grassroots.

Osnos' new book, Age of Ambition: Chasing Fortune, Truth and Faith in the New China is out today. Click the above audio player to listen to our discussion.

New books tells of China's modern awakening

Marketplace - American Public Media - Tue, 2014-05-13 04:12

If someone forced you to name the biggest economic and social transformation of the last 35 years, what would you say? The internet, probably.

But what about China, where more than half a billion people have moved up from poverty? Like so much good writing about vast topics, New Yorker writer Evan Osnos tells it from the grassroots.

Osnos' new book, Age of Ambition: Chasing Fortune, Truth and Faith in the New China is out today. Click the above audio player to listen to our discussion.

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