National / International News

The yacht index: How the price of pricey boats shifts

Marketplace - American Public Media - Tue, 2014-04-01 07:29
Tuesday, April 1, 2014 - 16:27 Valery Hache/AFP/Getty Images

A picture taken on September 25, 2013 shows a general view in Monaco with yachts moored at Port Hercules during the 23th edition of the International Monaco Yacht Show. The Monaco Yacht Show is considered the most prestigious pleasure boat show in the world with the exhibition of 500 major companies in the luxury yachting and a hundred super and megayachts afloat. 

Is it possible that yachts can serve as an economic indicator? The Monaco Yacht Show, where billionaires gather to browse for boating baubles, is coming up in the fall. But event organizers say the yacht industry is beginning to bounce back from the recession.

"The yacht industry is the first thing to crash and the last thing to come back," says Lang Ryder, who runs the Marine Lending Division for Seacoast National Bank. He says there was even a boating bubble - owners needed cash so they sold and prices dropped. "The bubble was overnight, if you had a boat in 2007 that was worth $1,500,000. In 2009 it might be worth $750,000."

Claudette Bonville, an interior designer for yachts, says renovating a boat is just like redoing your house, "except it costs a lot more money. Sometimes it can be a $1 million, sometimes it can be $5 million." 

Marketplace for Tuesday April 1, 2014by Sally HershipsPodcast Title: The yacht index: How the price of pricey boats shiftsStory Type: News StorySyndication: SlackerSoundcloudStitcherSwellPMPApp Respond: No

Why Ebola is so dangerous

BBC - Tue, 2014-04-01 07:25
What is Ebola and what can be done to counter an outbreak?

Mother and baby deaths unexplained

BBC - Tue, 2014-04-01 07:15
The cause of death of a mother and her baby who lay undiscovered for up to three weeks in their home remains unclear following an inquest, leaving their "devastated" family in torment.

5 April Fools' Pranks Gone Bad

NPR News - Tue, 2014-04-01 07:11

When you pull an April Fools' prank, the joke could be on you.

» E-Mail This

Group Blasts Greece Over Conditions In Which Migrants Are Detained

NPR News - Tue, 2014-04-01 07:06

Medecins Sans Frontieres' new report called Greece's treatment of migrants not only a "violation of national, European and international standards, but also" harmful to people's health and dignity.

» E-Mail This

Tuesday's gossip column

BBC - Tue, 2014-04-01 06:49
Arsenal eye Salomon Kalou, Everton plot Bacca move, Inter plot Dzeko bid, plus more.

When The Twit Hit The Fan: 'I'm Still Here,' Colbert Says

NPR News - Tue, 2014-04-01 06:38

In his first show since a controversy erupted last week, Stephen Colbert poked fun at the media and himself, declaring that despite a #CancelColbert campaign on Twitter, "I'm still here."

» E-Mail This

NATO Chief: No Sign Russian Troops Leaving Ukraine Border

NPR News - Tue, 2014-04-01 06:37

The secretary general of the alliance says he's seen no evidence of such a move a day after Russian President Vladimir Putin reportedly promised a partial withdrawal.

» E-Mail This

HealthCare.Gov Woes Frustrate Last-Minute Shoppers And Helpers

NPR News - Tue, 2014-04-01 06:10

People turned out in droves Monday to sign up for health insurance through the Affordable Care Act. They found long lines and eager helpers. Some will have to return later to finish up.

» E-Mail This

VIDEO: Murdered teen's mum calls for probe

BBC - Tue, 2014-04-01 06:03
The mother of a teenager murdered in a sexually motivated attack has called on the police watchdog to carry out a full inquiry into the killer's previous crimes.

Gas found at fracking test site

BBC - Tue, 2014-04-01 06:03
Shale gas deposits are found at a fracking test site in Salford, the company carrying out the test drilling says.
ON THE AIR

KBBI is Powered by Active Listeners like You

As we celebrate 35 years of broadcasting, we look ahead to technology improvements and the changing landscape of public radio.

Support the voices, music, information, and ideas that add so much to your life.Thank you for supporting your local public radio station.

FOLLOW US

Drupal theme by pixeljets.com ver.1.4