This week’s Planet Money reports deals with what economists call the “paradox of oil.” We’ll meet two men who work in the African nation of Angola. One is an American, who makes big money in the oil business. The other is an Angolan who sells chewing gum on the street.
Reuters – Starbucks Corp again reported stronger-than-expected quarterly profit, solidifying expectations the chain is turning around after closing cafes and slashing costs, and its shares rose 3 percent.
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Starbucks beats view, raises target
(Reuters)
The U.S. is making progress in Afghanistan in places such as Helmand progress, but a shortage of troops may be hindering some of the work. There is also a long way to go in creating more Afghan soldiers and police, and ensuring the Afghan government provides services to the population.
Susan Rice, the U.S. ambassador to the U.N., says al-Qaida and its extremist allies are enemies of the U.S. in Afghanistan. She says the Taliban not only is allied with al-Qaida, but poses a threat to the Afghan government.
AP – Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks.
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Rates on 30-year loans fall below 5 percent
(AP)
Reuters – A top U.S. securities regulator said on Thursday that she was concerned about naked access, where brokers give high-frequency traders unfiltered access to public markets.
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SEC official worried about "naked access"
(Reuters)
French scientists report that two boys treated with gene therapy for a rare but fatal genetic disease have shown improvements. These results mark a high point for the field of gene therapy. Shown here, the area of the brain that was treated.
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