The action by China's central bank widens the range at which the currency can be traded on the international market. The move is seen as seen a step toward addressing foreign complaints that China was suppressing the value of its money to boost Chinese exports, and hurt foreign imports.
Let's turn now, to the economics of a good meal. Tyler Cowen is an economist, author of the blog Marginal Revolution, and a serious eater. He seeks to use his understanding of economics to zero in on the best food and best restaurants, and he shares what he's learned in a book called "An Economist Gets Lunch." Cowen is a fan of local food. But for the taste, not because he thinks it will save the world.
The housing market has a new frontier — turning foreclosed homes into rental properties. Some big-time investors are starting to buy up thousands of homes to turn into rentals. That might help shore up home prices. But some housing advocates are nervous.
For decades, most single-family homes available for rent have been owned by mom-and-pop landlords. Sometimes it's the nice old guy up the street who owns a couple of rental homes, and some even offer advice on the Internet.
That's a matter of fierce debate among Christians — with conservatives promoting a small-government Jesus and liberals seeing Jesus as an advocate for the poor.
After the House passed its budget last month, liberal religious leaders said the Republican plan, which lowered taxes and cut services to the poor, was an affront to the Gospel — and particularly Jesus' command to care for the poor.