Both housing and the stock market have been on the upswing in recent months. But a full recovery in the housing market would be more significant to the overall economy. That's because more Americans have something at stake in home values than in stock prices.
Despite the enormous destruction Hurricane Sandy caused to the Jersey Shore, realtors who specialize in the region say business has been steady. Plenty of home buyers and investors appear eager to jump into the market. Damaged homes and lots have been selling for discounted rates, while prices are inching up on houses that survived since there are simply fewer properties available.
The U.S. Supreme Court hears arguments Monday in a case worth billions of dollars to pharmaceutical companies and American consumers. The issue is whether brand-name drug manufacturers may pay generic drug manufacturers to keep generics off the market. These payments — a form of settlement in patent litigation — began to blossom about a decade ago when the courts, for the first time, appeared to bless them.
Lawmakers in Riverhead, New York heard the voice of the people, a very loud boo. The town board made news by banning people from booing at meetings, which apparently met with criticism since Newsday reports they have revised the rule. You may boo at meetings now, but there is still a prohibition against disruptive behavior. So, how to boo without being disruptive? Maybe this way: Wait your turn to speak and then say: My name is Steve. Boo?
All this week on MORNING EDITION, we've been marking the 10th anniversary of the U.S.-led invasion of Iraq. That invasion was followed by years of war and reconstruction, the war and reconstruction taking place at the same time.
And today, to get a better idea of the monetary costs, we speak with Stuart Bowen once again. Since 2004, he has been the Inspector General for Iraq Reconstruction. And earlier this month, he released the final report from his office.
Stuart Bowen is in Baghdad. Welcome back to the program.