Marketplace Morning Report for Thursday, January 10, 2013
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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.
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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.
Posted In: Walmart, gun control, Joe Biden
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: Gallup, Republicans, Democrats, Economy
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: Australia, China, food safety, baby
Supermarkets and pharmacies in Australia are reporting a shortage of the baby formula Karicare due to stockpiling by Chinese customers.
Posted In: Timothy Geithner, jack lew, treasury secretary, Barack Obama
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.