And we have news of another fire sale. Our last word in business today is the buy of a lifetime.
STEVE INSKEEP, HOST:
That's what some are calling the sale of a 20-acre estate outside Cedar Falls, Iowa, which sold for a winning bid of around $600,000. The precise amount was not disclosed. One expert says to build something like that estate today would cost $1.5 million.
In exchange for multibillion-euro bailouts, Greece was required to sell state-owned assets. But the sweeping privatization process is behind schedule. In addition, European governments are nervous that Chinese, Russian and Arab companies are lining up to take advantage of the Greek fire sale.
Puerto Rico's population is declining. Faced with a deteriorating economy, increased poverty and a swelling crime rate, many Puerto Ricans are fleeing the island for the U.S. mainland. In a four-part series,Morning Editionexplores this phenomenon, and how Puerto Rico's troubles are affecting its people and other Americans in unexpected ways.
John Brennan, President Obama's choice to lead the CIA, can look forward to a grilling Thursday on Capitol Hill. As Obama's chief counterterrorism adviser, he has been associated with some controversial policies, including the use of armed drones. Brennan's nomination comes before the Senate Intelligence Committee, and members from both parties have their questions ready.
Just a stone's throw from two of Los Angeles' busiest freeways lies the Sepulveda Basin Wildlife Reserve, a unique spot in an urban jungle.
The northern portion of the reserve is adorned with 30-foot-tall cottonwood trees, spots of coyote bush and other plants. Native plants cover 50 percent of the nature spot, says Kris Ohlenkamp with the San Fernando Valley Audubon Society.
"On the other side it was significantly more than that," he says.