Economics & Economy

Feuds and fault-lines loom in UK-EU showdown over Brexit

8 hours ago
Associated Press

LONDON (AP) — British Prime Minister Theresa May says Brexit is an opportunity to build an "independent, self-governing, global Britain.'' European Parliament chief negotiator Guy Verhofstadt says it's "a tragedy, a disaster, a catastrophe.''

Britain and the EU see the U.K.'s looming exit from the European Union rather differently. As Britain officially starts the two-year exit process with Wednesday's triggering of Article 50, here's a look at some of the feuds and fault-lines that lie ahead:

Money, money, money

03/29/17: Who has the upper hand when it comes to Brexit?

8 hours ago

Britain's ambassador to the EU has handed over a letter saying it's over. Now that the separation has begun, who's in the most advantageous position? We'll examine the trade relationship between the U.K. and the bloc. Afterwards, we'll discuss some of the causes of the country's opioid crisis, and then look at Wells Fargo's decision to pay $110 million in a settlement over accounts opened without customers permission.

Nuclear energy firm Westinghouse files for bankruptcy

9 hours ago

Westinghouse Electric Company, the nuclear energy firm based in Pittsburgh, filed for Chapter 11 bankruptcy Wednesday. Westinghouse is owned by the Japanese company Toshiba and has been running several years late and billions of dollars over budget in its construction on several nuclear reactors in the southern United States. 

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The final word on last year's economy is almost here

13 hours ago

Thursday, the Bureau of Economic Analysis will release final revisions to economic growth numbers, aka the gross domestic product, for 2016. In other words, we'll find out if economic growth last year really was as lousy as it seemed. But why look back? With the end of first quarter of 2017 almost here, there’s plenty of handicapping to be done on what GDP will look like this year. 

Click the audio player above to hear the full story.

Erika Beras

Alethea Sims is a longtime resident of East Liberty, a Pittsburgh neighborhood. A few years ago, Google opened an office not far from there. Luxury apartment buildings started cropping up. She hung signs that read "Black Homes Matter."

As rents here have risen, Sims has watched some of her mostly black neighbors move to cheaper areas.

“When you're talking, like, $1,000, $2,000 and up for a one bedroom, who's that affordable for? Definitely not the people who lived there. And not too many people that I know of,” she said.