Pro golfer Sergio Garcia hit a ball into a tree at the Arnold Palmer Invitational this weekend. The easy choice: Just take a one-stroke penalty. Drop the ball to the ground. But Garcia did it the hard way. He climbed 15 feet up the tree and played the ball from there. Balancing himself with one hand on the club, he somehow knocked the ball onto the fairway. Well, what is the best club in such a situation? One PGA announcer suggested a tree iron.
Both housing and the stock market have been on the upswing in recent months. But a full recovery in the housing market would be more significant to the overall economy. That's because more Americans have something at stake in home values than in stock prices.
Despite the enormous destruction Hurricane Sandy caused to the Jersey Shore, realtors who specialize in the region say business has been steady. Plenty of home buyers and investors appear eager to jump into the market. Damaged homes and lots have been selling for discounted rates, while prices are inching up on houses that survived since there are simply fewer properties available.
Originally published on Mon March 25, 2013 7:34 am
RENEE MONTAGNE, HOST:
And police in Britain are piecing together the final days in the life of a Russian oligarch named Boris Berezovsky. They hope this may shed light on his sudden death this last weekend. Berezovsky used to be one of the wealthiest and most powerful men in Russia. Then he fell out with the Kremlin and sought asylum in Britain. NPR's Philip Reeves reports.