Business

We've written before about the wealth gap between whites and people of color — a divide that's only grown wider over the past half decade. And since so much of Americans' household wealth is wrapped up in homes, a significant amount of that wealth gap has been chalked up to an array of barriers to homeownership for people of color.

If economists were cheerleaders, their favorite shout-out might be: "What do we want? Growth! When do we want it? Now!"

They won't actually shout those words, but they may be thinking them as global leaders meet this week for a G-8 summit. Economists are hoping that at the gathering in Northern Ireland, leaders of eight major economies will discuss expanding global trade and investment to spur job creation.

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Let's look now at another change in health care, and this one has to do with paperwork. Hospitals and clinics are slowly replacing paper files with sophisticated electronic health records. But with a variety of systems in use, they often can't easily share medical information with each other, and this can be a pretty serious problem in the case of an emergency.

As Elizabeth Stawicki reports, smartphones might be one way to bridge this electronic gap.

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NPR's business news starts with an acquisition for Lowe's.

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GREENE: The home-improvement retailer, Lowe's, has reportedly agreed to buy Orchard Supply Hardware Stores. The sale price is expected to top $200 million. Now Orchard is a California-based hardware-and-garden chain. It was once owned by Sears, and is now about $230 million in debt.

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More than 40,000 scientists in Spain have signed a petition calling on the government to end cuts to their budget. They're blaming austerity for an exodus of the country's best and brightest researchers.

Lauren Frayer has more from Madrid.

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LAUREN FRAYER, BYLINE: Hundreds of lab-coated scientists delivered their petition to Spain's Economy Ministry. They marched there last week because the Science Ministry, itself, was closed in budget cuts.

Boring TV is such a hit in the Scandinavian nation of Norway that broadcasters are scrambling to produce even more shows to satisfy the appetites of viewers. One idea being considered is a live show with knitting experts, according to The Wall Street Journal.

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OK, Scott just made clear economic issues have some competition for top billing at the G 8 Summit in Northern Ireland. We do, though, want to drill down into one economic question this morning, and that's why interest rates here at home are going up. The bond market has pushed them to the highest levels in 15 months, and that includes mortgage rates.

Let's turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. David, good morning.

DAVID WESSEL: Good morning.

Call it the Affordable Care Act, call it Obamacare, call it whatever you want — it's coming. And soon. In less than four months people without health insurance will be able to start signing up for coverage that begins Jan. 1.

A lot has been said about the law, most of it not that understandable. So starting now, and continuing occasionally through the summer and fall, we're going to try to fix that.

The World's Smallest Office competition is over. But will the Smoffice create jobs?

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Google has launched — quite literally — a new idea to bring the Internet to some of the world's remotest places.

The tech giant's engineering hothouse, Google X, is testing the use of 12-mile-high helium balloons to get coverage in areas where it's impractical to put in conventional infrastructure.

Google said Saturday that it has 30 of the balloons, or "high-altitude platforms" (HAPS), flying over New Zealand as part of something called Project Loon. They will hover at about twice the altitude of a passenger jet.

Facebook and Microsoft Corp. say the government has given them permission to reveal orders they've received to hand over user data, but that they are still prevented from giving anything other than very broad figures.

Facebook says it received 9,000 to 10,000 requests during the last six months of 2012, while Microsoft says it got 6,000 to 7,000 requests, affecting as many as 32,000 accounts.

This week, the Internet radio broadcaster Pandora made what seems like a backward move — technologically speaking. Pandora purchased a local radio station in Rapid City, S.D. The company says it's aiming to get the more favorable royalty rates given to terrestrial broadcasters, but the move has songwriters and composers up in arms.