Economics & Economy

Seven months after Hurricane Maria, Puerto Rico is still recovering

Apr 19, 2018

It's been seven months since Hurricane Maria hit Puerto Rico, and the island is still facing some serious problems. This week, an islandwide power outrage left most of Puerto Rico in the dark. And teachers along with parents have been protesting the Education Department's plan to close 283 schools. Host Kai Ryssdal checks in with Marketplace reporter Lizzie O'Leary on the latest news of Puerto Rico's recovery. The following is an edited transcript of their conversation.

The rent is too damn high, according to a new Pew report

Apr 19, 2018

In 2015, 38 percent of renter households spent more than 30 percent of their gross income on housing, according to a new report released today by Pew Charitable Trusts. The Pew report said high rates of families living in such a precarious financial state threatens the long-term economic mobility of American families, and has implications for the economy as a whole.

Maria Walkenbach lives in Detroit with her four dogs, just around the corner from the construction site for the Gordie Howe International Bridge, being built across the Detroit River to Canada. Walkenbach’s been here, in the home she inherited from her mother-in-law, for almost 20 years.

“My husband actually passed away in this home. So, there's a lot of memories in this home. And now that I'm looking to retire in another year or two, I want to start fresh,” Walkenbach said.

On May 19, Prince Harry and Meghan Markle will marry. The couple will wed in St. George’s Chapel in Windsor Castle — a royal residence in the small town of Windsor some 22 miles west of central London.

The bells of St. George’s will chime to mark the happy event, but the cash tills are already ringing. 

Tourism is by far Windsor’s biggest industry. Thanks to the royals, 7 million visitors flock to the town every year, and an extra 100,000 are expected on the wedding day, boosting the local economy.

04/19/2018: Puerto Rico is still recovering

Apr 19, 2018

Sometimes you've got a plan for reporting out a story, then circumstances change your mind. That's what happened to Marketplace Weekend host Lizzie O'Leary, who's in Puerto Rico this week. She was in the middle of reporting an update on how the island is recovering after last year's hurricanes, then the lights went out ... everywhere. We got Lizzie on the phone today to talk about how things are going. But first, the latest on the AT&T-Time Warner trial — and reminder of what's at stake. Plus: the business of a royal wedding.

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