Sales of previously owned homes are up more than 10 percent from last year, according to The Wall Street Journal. At the same time, the number of homes for sale is at the lowest levels in years. The result, say many real estate firms, is that most of the offers being made these days come with competing bids.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
Seems like only a month or two ago that some pundits saw almost no way that Mitt Romney could easily sew up his party's nomination, and they spun out elaborate scenarios of a contested convention. Actually, it was only a month or two ago that some pundits were saying that. But now Romney's nomination is assumed, especially after he won five primaries this week. And that leaves him a full half year to make his case against President Obama.
Stop motion animation, where physical objects are manipulated literally frame by frame to give the illusion of movement, is one of the oldest movie techniques, but it's being used in a brand new film called The Pirates! Band of Misfits.
Lawmakers in the House plan to vote Friday on a measure that would prevent a doubling of the student loan interest rate on July 1. The House would pay for the decreased revenue by raiding the new health care law's fund for preventive care.
In the 1920s, it wasn't uncommon for the Gershwin Brothers — composer George and lyricist Ira — to have two shows running on Broadway at the same time. What's surprising is that this season, 75 years after George's death, it's happening again, with Porgy and Bess and Nice Work If You Can Get It.
It's no coincidence: Both shows were generated by the Gershwin estates, the nieces, nephews, grandnieces and grandnephews charged with looking after a legacy that's not only highly loved, but immensely lucrative — a multimillion-dollar-a-year responsibility.
Young corn plants grow next to the Guardian Energy ethanol plant in Janesville, Minn. Five years ago, the U.S. government projected that in 2012, ethanol production would use up 30 percent of the nation's corn supply. Last year, it used 40 percent.
Credit Mark Wilson / Getty Images
A 45-cent-per-gallon government subsidy for ethanol producers ended earlier this year, but there's still a mandate that forces refineries to blend ethanol with gasoline. Before the mandate, refineries used about half as much ethanol as they do today.
Five years ago, ethanol was seen as the next big thing to wean the U.S. off foreign oil. Then some studies on the corn-based fuel cast doubt on its environmental benefits, and auto companies turned their attention to hybrids and electric cars. The hype died off, but the ethanol industry is alive and well, driving a big change in America's corn consumption.
Rising up out of the corn fields outside Lake Odessa, Mich., is the ethanol refinery for Carbon Green Bioenergy. The company's CEO, Mitch Miller, says a lot of refineries were popping up when this one was built in 2006.
It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
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For the president, next week is being billed as the official launch of his re-election campaign. Mr. Obama will be holding rallies in the swing states of Ohio and Virginia. But it would be hard to tell a difference from this week, when Mr. Obama made a tour of college campuses in three other battleground states.