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Planet Money
5:23 pm
Wed July 17, 2013

The 'Ask Your Uncle' Approach To Economics

The Federal Reserve, home of the Beige Book.
Karen Bleier AFP/Getty Images

Originally published on Wed July 17, 2013 7:11 pm

The Beige Book is weird. It's an economic report released by the Federal Reserve every few months, but it doesn't have many numbers in it. Mostly, it's a bunch of stories gathered by talking to businesses around the country. A Fed economist once described it as the "Ask Your Uncle" approach to figuring out what's going on in the economy.

In the Beige Book released today, for example, we learned that:

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The Salt
5:22 pm
Wed July 17, 2013

Help! My Egg Yolks Are Freakishly White

The white egg yolk at left, seen next to a yellow yolk, may seem strange, but it's just a result of the chicken feed used, scientists say.
Junko Kimura Getty Images

Originally published on Tue July 23, 2013 10:19 am

Dear Salt,

I recently joined President Obama on his trip through Africa, and I brought a mystery home with me. I wonder if you can help me solve it.

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Politics
5:22 pm
Wed July 17, 2013

Congress Debates Taking A Step Back From The Mortgage Market

The government took over mortgage giants Fannie Mae (seen in 2010) and Freddie Mac in 2008, during the worst of the housing crisis.
Win McNamee Getty Images

Originally published on Wed July 17, 2013 7:11 pm

The mortgage giants Fannie Mae and Freddie Mac got hit so hard by the housing crisis that they required a massive federal rescue. Now lawmakers are looking to scale back the two entities' role — and the government's — in the mortgage market.

The Senate Banking Committee is expected to vote Thursday on President Obama's nominee to head the agency that oversees Fannie and Freddie.

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The Two-Way
5:15 pm
Wed July 17, 2013

Cleveland Hero Charles Ramsey: I'm Not Broke Or Homeless

Charles Ramsey on the day three young women (and one of the women's daughters) were rescued from a Cleveland home. He gained fame for his accounts of what happened.
Scott Shaw The Plain Dealer /Landov

If you've seen stories in the past few days about Cleveland's Charles Ramsey supposedly being out of work, broke and homeless, then you'll want to read this update that has word from the man himself:

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The Two-Way
4:31 pm
Wed July 17, 2013

'We're Here To Stay' Says Newly Confirmed Consumer Watchdog

Richard Cordray, director of the Consumer Financial Protection Bureau.
Ron Sachs/pool Getty Images

Originally published on Wed July 17, 2013 7:11 pm

One day after his two years in limbo ended and he was confirmed by the Senate as head of the Consumer Financial Protection Bureau, Richard Cordray told NPR that though political bickering held up his nomination he now believes he has bipartisan support for the bureau's work.

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