01/10/13
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.
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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.
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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.
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Where do Americans want to go on vacation?
Hawaii, Australia and Italy top the list of America's dream destinations.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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