Economy

Economy

California Is Divided Over Development Amid Severe Housing Shortage

5:02am July 18, 2019

by Darius Rafieyan

The governor of California wants cities in his state to build more housing, but some of them don't appear to be moving fast enough. The state has taken Huntington Beach to court.

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The Trump administration has suggested buying a prescription drug is like buying a car — with plenty of room to negotiate down from the sticker price. But drug pricing analysts say the analogy doesn't work.

Car Shopping, Handbags And Wealthy Uncles: The Quest To Explain High Drug Prices

4:48pm July 17, 2019

by Selena Simmons-Duffin

Trump administration officials say drugs' list prices are like cars' sticker prices — easily negotiated. But in the life and death world of medicine, say price watchers, that analogy falls apart.

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Microsoft Announces Its Latest XBox Games At E3 Conference

Economy

Game Mode: Work Hard, Play Hard

1:02pm July 17, 2019

Will a unionization effort among game workers address workplace issues?

This Economic Theory Could Be Used To Pay For The Green New Deal

9:48am July 17, 2019

by Scott Horsley

Liberal Democrats have embraced an obscure brand of economics — "modern monetary theory" — to make the case for deficit-financed government programs like the Green New Deal for clean energy and jobs.

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U.S. lawmakers will question lobbyists and officials from Facebook, Google, Amazon and Apple on an array of issues.

Economy

'Facebook Is Dangerous:' Firms In Hot Seat As Congress Probes Big Tech

4:29pm July 16, 2019

Lawmakers in the Senate and House are questioning lobbyists and officials from Facebook, Google, Amazon and Apple on an array of issues, including whether they're so big they stifle competition.

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Blue Cross And Blue Shield Creating Over 150 New Jobs In The Triad

11:35am July 16, 2019

by Neal Charnoff

Blue Cross and Blue Shield has announced it's bringing at least 350 new jobs to North Carolina. Many of the positions will be in the Triad.

Roger Federer of Switzerland plays a forehand against Novak Djokovic of Serbia during the 2019 Wimbledon men's final on July 14 in London.

What Did Wimbledon Teach Us About Genius?

11:09am July 16, 2019

by Bryant Urstadt

Federer, Djokovic — and the debate between specialists and generalists.

Tomas Philipson, seen in 2008, has been named acting chairman of President Trump's Council of Economic Advisers.

Trump Taps Health Care Expert As Acting Top White House Economist

10:32pm July 15, 2019

by Scott Horsley

President Trump has been expected to nominate Tomas Philipson as permanent chair of his Council of Economic Advisers. Philipson, an expert on health economics, succeeds Kevin Hassett.

People pass a store in Beijing on Monday. The government's figures show that China's pace of economic growth in the second quarter was at its slowest in nearly three decades.

China's Economy Falters; Slowest Growth In Nearly 3 Decades

12:55pm July 15, 2019

by Sasha Ingber

The pace of growth in the second quarter was its slowest since 1992. The National Bureau of Statistics attributed the change to a complicated international environment.

In Boston, Web App Matches Budget Renters With Senior Homeowners

5:09pm July 14, 2019

by Stephanie Leydon

In Boston, a web app called "Nesterly" matches would-be renters with people who have a room to spare and could use a little help around the house.