Marketplace Morning Report for Thursday, May 16, 2013
Today, hundreds of protesters shut down traffic in the Chinese city of Kunming to dramatize their opposition to a proposed petrochemical plant. It's the latest in a series of 'not in my backyard' or NIMBY protests in recent weeks throughout that country. And, we heard yesterday that military families have some extra protections when it comes to consumer credit -- the Military Lending Act caps interest rates and bans certain short-term loans. But creative lenders are still finding ways to prey on military families. Today, we look at how military brass, consumer advocates and lawmakers are trying to close loopholes in the legislation.
Today, hundreds of protesters shut down traffic in the Chinese city of Kunming to dramatize their opposition to a proposed petrochemical plant. It’s the latest in a series of ‘not in my backyard’ or NIMBY protests in recent weeks throughout that country. And, we heard yesterday that military families have some extra protections when it comes to consumer credit — the Military Lending Act caps interest rates and bans certain short-term loans. But creative lenders are still finding ways to prey on military families. Today, we look at how military brass, consumer advocates and lawmakers are trying to close loopholes in the legislation.
