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The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington.

But even as the short-term outlook brightens, they remain worried about a long-term problem with "missing" young buyers.

"There really are serious issues in the first-time-buyer market," Eric Belsky, managing director of Harvard's Joint Center of Housing Studies, told the National Association of Realtors on Thursday.

New rules for how Internet traffic is governed were officially unveiled and approved for public comment following a 3-2 vote Thursday by members of the Federal Communications Commission.

Pfizer

Pfizer's chief executive will face questioning by politicians in the UK this week over the company's bid for rival pharmaceutical company Astra Zeneca.

Vibram USA — the maker of those shoes that look more like rubber gloves with separate compartments for each toe — has agreed to pay $3.5 million settlement in a class action suit for allegedly misleading their customers.

The lawsuit was brought by a woman who says the shoe company claimed to decrease foot injuries and strengthen foot muscles, but had no scientific research to prove it.

allnightavenue / Creative Commons

Hartford has the highest rate of underwater mortgages in the country, according to a new report that says communities of color are most likely to owe more on their mortgages than their homes are worth. But the city administration disputes the data on which the study is based.

Media industry veteran Jarl Mohn will be NPR's new CEO, the organization's board of directors has announced.

Mohn, 62, currently sits on the board of directors at several media organizations, including Scripps Networks Interactive and Web analytics company ComScore. He is also on the boards of KPCC Southern California Public Radio and the USC Annenberg School for Communication and Journalism.

Announcing the hire, Kit Jensen, who chairs NPR's board of directors, said Mohn has "an ability to find nuanced and new ideas." He is slated to start work at NPR on July 1.

White House

Former Treasury Secretary Timothy Geithner will give a lecture series at Yale this fall, based on his experiences during the financial crash.

Pratt and Whitney

Companies that supply planes and engines to commercial airlines are about to see a boom in business unlike anything that the industry can remember. There are more customers than ever before for airline flights, and alongside that, engine technology has taken a big leap forward. That means unprecedented investment, and Connecticut is at the epicenter of that change. 

ClearEdge

The market for fuel cells is growing, according to industry experts, despite the recent bankruptcy of one of Connecticut's largest fuel cell manufacturers.

Electric Boat

Electric Boat expects to hire more than 500 extra employees as it gets ready to work on the largest contract ever awarded by the U.S. Navy. The workforce can still expect pain in the short term.

The contract for ten Virginia class submarines represents five years of steady work building two submarines a year at the Groton yard, something that's been hard to come by in recent decades.

Steven Depolo / Creative Commons

After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long. One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.

Teen's App Helps Pay Family's Bills

May 5, 2014

Michael Sayman is a 17-year-old game developer from Miami, whose app — 4 Snaps — has been going strong in the iTunes App Store. Sayman was highlighted at Facebook's development conference last week by Mark Zuckerberg. He graduates from high school this month and starts an internship at Facebook headquarters later this summer. Sayman spoke with Tell Me More about his app, how he used the proceeds to help his family and how some schools and teachers are overlooking the importance of tech.

How did you get into tech?

Harriet Jones / WNPR

As May begins, Connecticut's tourism industry is gearing up in earnest for the summer season ahead. And there's cautious optimism that receipts may be up once again this year. One Old Saybrook business is investing in the future.

ctfastrak.com

Connecticut is to invest millions of dollars in an attempt to spur economic development along the route of the New Britain to Hartford busway, and the New Haven to Springfield rail line.

moodboard / Thinkstock

Okay, here's a borrowed analogy. My grandmother talked about the light bill to refer to what you call the electricity bill. And, that's because she lived at a time when literally, that's all electricity did-power the lights. And now, all sorts of things run on that same power. 

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