Marketplace Money for Friday, August 17, 2012
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Host Tess Vigeland visits one Los Angeles neighborhood, where the impact of the foreclosure crisis is more than just financial. Plus, seven years after Hurricane Katrina, a jazz musician reflects on life after losing everything. And New Orleans native Wendell Pierce -- you may still call him "The Bunk" -- updates us on his dreams of a Big Easy grocery store.
Posted In: fashion, shoes, women
A survey showed that more women remembered their first pair of heels but not the name of their first love. Author Rachelle Bergstein examines the history of the relationship between women and shoes in her book "Women from the Ankle Down."
Posted In: Senior moment, baby boomers, spending, Entrepreneurship
As Baby Boomers age, younger generations are fearing the day they'll be shouldering the burden to pay for Boomers' Social Security benefits. But one senior says Baby Boomers will help boost the economy, not drain it.
Posted In: foreclosures, los angeles, Watts, blight, Banks
An LAPD police officer gives a tour of his precinct in Watts and the blight foreclosed homes have wrought upon the neighborhood. The City of Los Angeles says the banks who own the homes should be responsible for the upkeep of the foreclosures.