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Now Playing: 08-01-12 Marketplace Mid-day Update

A federal housing regulator is rejecting a White House plan to help borrowers who are underwater on their mortgages. There are about 11 million people in that category. Power has been restored in India after a huge blackout, blamed in part on rising demand for electricity in one of the world's fastest growing economies. A blackout of this magnitude would be unthinkable in China. And there's more sun and heat in the forecast for St. Louis -- not great for a region that's in the midst of the worst drought in decades. The drought is now shrinking the shipping lanes in the Mississippi River.