Tagged: Economy

On Morning Edition this week we looked at "What's Making Americans Less Thirsty for Gasoline?"

Now let's examine another important question: "If our demand for gasoline is falling, why are prices in the U.S. rising?"

There was a 0.9 percent drop in sales of existing homes in February from January, the National Association of Realtors reports. But, at an annualized rate of 4.59 million they were still up 8.8 percent from February 2011.

"The market is trending up unevenly," NAR chief economist Lawarence Yun concludes in a statement from the association.

Update at 10:12 a.m. ET. It's Official:

"It's time for a development professional to lead the world's largest development agency," President Obama just said as he announced he is nominating Dartmouth College President Jim Yong Kim to head the World Bank.

Our original post:

"President Barack Obama will nominate Dartmouth College President Jim Yong Kim to head the World Bank," The Associated Press reports, citing "senior administration officials" as its sources.