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.
What the Taliban are calling the start of their spring offensive kept security forces across Afghanistan fighting throughout Sunday and into this morning. Officials say 36 insurgents were killed in Kabul and three other eastern provinces. Three civilians died in the attacks, and eight members of the police and army were killed. American officials are praising Afghan forces, but questions remain about how the insurgents were able to infiltrate the most secure parts of the capital. NPR's Quil Lawrence reports.
It's MORNING EDITION, from NPR News. Good morning. I'm Steve Inskeep. Lynn Neary is in for Renee this week. Lynn, welcome to the program.
LYNN NEARY, HOST:
Good to be here.
President Obama is back in Washington this morning, after a weekend summit in Colombia. The gathering with leaders from throughout the Americas produced some agreement on trade and some disagreement on drug policy in Cuba.
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.