Prior to working as a staff reporter at Marketplace David freelanced for Marketplace from New Orleans and St. Louis. Prior to that he worked odd jobs in Seattle, Alaska, Mexico and New York. He lives in Los Angeles with his wife and dog.
Posted In: zales, diamond, advertising
Zales advertises it has the clearest, brightest diamonds. Competitors get their day in court to contest that.
Posted In: Retail, Christmas, holiday shopping, shopping
How would the economy be affected if we didn't have Christmas and other holidays to stimulate our spending?
Posted In: Retail, Hurricane Sandy, Black Friday
Hurricane Sandy sparked spending in the Northeast, but Black Friday is national and so has more impact on retail sales.
Posted In: foreclosure, Wall Street, private equity, Housing
Hedge funds and private-equity funds are buying up hundreds of foreclosed homes at a time, turning them into rentals, crowding out first-time home buyers looking for bargains.
Posted In: Housing, foreclosures, hedge funds
Some cities with high foreclosure rates actually have housing shortages now, not a glut of foreclosed houses on the market. President Obama's mortgage-relief plan has helped, but another factor is hedge funds investing in houses to rent out.