Marketplace Morning Report for Thursday, January 10, 2013

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Episode Description 
President Obama is expected to nominate Jack Lew to replace Timothy Geithner as Secretary of the Treasury today. Lew is currently the White House chief of staff and has a reputation as a tough negotiator. Supermarkets and pharmacies in Australia are reporting a shortage of baby formula -- it turns out Chinese customers are stockpiling the formula. And, how confident are you about our economic future? Your answer may have more to do with politics and economics.

PODCAST: New mortgage guidelines

The Consumer Financial Protection Bureau is rolling out new guidelines for U.S. mortgages. A new study finds that we waste half of the 4 billion tons of food produced annually for human consumption. And HUD cannot afford to fix its public housing, so the government wants to reclassify the properties as Section 8.

Stricter mortgage rules could loosen lending

The Consumer Financial Protection Bureau is rolling out new rules for mortgage lending. Some bank analysts say that counter-intuitively the stricter rules could actually loosen mortgage lending.
Posted In: mortgage, CFPB

Where do Americans want to go on vacation?

Hawaii, Australia and Italy top the list of America's dream destinations.
Posted In: vacation, Gallup

Public housing looks for outside investors

HUD cannot afford to fix its public housing, so the government wants to reclassify the properties as Section 8.
Posted In: Housing, affordable housing, HUD

Guns and dog food: Walmart sells a lot

Vice President Joe Biden included Walmart in his invites to an industry meeting on gun safety. Why? Walmart is one of the biggest seller of guns in the U.S. Just like it's the biggest seller of men's underwear, dog food and many other things.
Posted In: Walmart, gun control, Joe Biden

NY debates expensive storm surge barrier

New York weighs options for storm defenses in the wake of deadly Sandy. Among them are expensive waterway barriers to protect against storm surges.
Posted In: Hurricane Sandy, natural disasters

Half of world's food is thrown out, wasted: Study

Up to half the world’s food is wasted -- that’s the conclusion of a study by Britain’s Institution of Mechanical Engineers.
Posted In: Food for 9 Billion, food and drink, climate change, energy, waste

Republicans and Democrats diverge on economic outlook

How confident are you about our economic future? A survey from the polling firm Gallup finds the answer may have more to do with politics than economics.
Posted In: Gallup, Republicans, Democrats, Economy

Chinese customers stockpile Australian baby formula

Supermarkets and pharmacies in Australia are reporting a shortage of the baby formula Karicare due to stockpiling by Chinese customers.
Posted In: Australia, China, food safety, baby

Lew Treasury nomination would signal new budget-focused agenda

In a few hours President Obama is expected to nominate White House Chief of Staff Jacob Lew as the next Treasury Secretary. He brings a very different type of experience to the job than current secretary Timothy Geithner.
Posted In: Timothy Geithner, jack lew, treasury secretary, Barack Obama

Music from this show

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Big Calm
Morcheeba
Step Two
Felix Laband
Monkeytown
Modeselektor
Mina
Una Mas Trio
King Of Hush
Sola Rosa