🖤 Donations of all sizes power our public service journalism Give Now
Demand for mortgages slumps, but it may be a while before prices do the same
Apr 26, 2022

Demand for mortgages slumps, but it may be a while before prices do the same

Also on today's program: Supply chain snarls are far from over and wildfire season comes early.

Segments From this episode

The mortgage business has "come to a screeching halt"

Apr 26, 2022
Vivian Gueler of Pacific Trust Group said rising rates are slowing the housing market, but it could be months before prices fall.
"The market was just too crazy," said mortgage broker Vivian Gueler. "The low rates drove up too much business, too much demand — and the prices, ultimately."
Justin Sullivan/Getty Images

Coal, the dirtiest of the fossil fuels, is in high demand

Apr 26, 2022
While coal is having a resurgence as a fuel source, the spike in its use may not last.
People line up for ice cream in Cheswick, Pennsylvania, near a coal-burning power station. Existing coal plants in the U.S. are being used more, though that’s likely only temporary.
Jeff Swenson/Getty Images

Biden administration expands Pell Grant program for incarcerated students

Apr 26, 2022
It's a shift from nearly three decades ago, when Congress banned incarcerated people from having access to Pell Grants.
“This gives students who are in prison an opportunity to actually pay tuition at these programs that are going to prepare them to return to life, to find a job and to move on,” says James Kvaal, undersecretary of the Department of Education, about the Second Chance Pell program. Above, inmates read in the library at the York Correctional Institution in Connecticut in 2016.
John Moore/Getty Images

Wildfires in April signal growing costs of climate change

Apr 26, 2022
What to do when fuel for fires seems infinite, but resources to fight fires is decidedly finite?
As the risk for wildfires rises, small cities struggle to find the resources to combat them.

This manufacturer sees little improvement in snarled global supply chains

Apr 26, 2022
“It’s the kind of stuff that keeps you awake at night,” said Teresa Asbury, a senior executive at the Legacy Cos.
Pandemic lockdowns in China are stacking more challenges onto overloaded shipping networks.
Sameer Al-Doumy/AFP via Getty Images

What social media advertising tells us about inflation

Apr 26, 2022
Digital advertising suffers from supply chain and inflation issues too.
Social media companies' quarterly reports may fill us in on the supply chain and inflation issues the industry is dealing with.
Andrew Caballero-Reynolds/AFP via Getty Images

Music from the episode

Slide (feat. Frank Ocean & Migos) Calvin Harris, Frank Ocean, Migos
Higher Noble Oak
Redbone Childish Gambino
Lowrider Yussef Kamaal
All The Stars (with SZA) Kendrick Lamar, SZA
Rising Son Takuya Kuroda

The team

Nancy Farghalli Executive Producer
Maria Hollenhorst Producer II
Andie Corban Producer I
Sean McHenry Director & Associate Producer II
Richard Cunningham Associate Producer I
Dylan Miettinen Associate Digital Producer