Marketplace Morning Report for Tuesday, September 25, 2012
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Years after the financial crisis here in the U.S., there are many strong voices that say the government, and regulators, didn't do enough. One such voice is Sheila Bair, the former chairwoman of the FDIC. In her new book, she writes about her push to tighten lending standards on mortgages, her clashes with then New York Fed head Timothy Geithner, and why she is disappointed in both Barack Obama and Mitt Romney. Plus, today San Francisco's Board of Supervisors will consider changing the city's building code to allow for tiny apartments, and developers love the idea.
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Health care spending grew more than 4 percent last year. Workers at Yahoo! are expecting to hear from the company's new CEO today on her plans to jump-start growth. A dispute between China and Japan over a chain of islands could have a real impact on the U.S. economy because Japan is expected to switch focus from a free-trade pact with China to a new one with the United States. And if you're trying to get ahead in this economy, there's some age-old wisdom that would seem to apply -- play up your accomplishments. Seems obvious, but maybe that's in fact not your best plan of attack.
Posted In: Housing, case shiller, consumer confidence
Today, the latest Case-Shiller Home Price index was released. It looks at housing prices in the 20 biggest metropolitan areas of the country. Consumers are also upbeat: consumer confidence jumped to the highest level since February.
Posted In: 2012 election, Virginia
President Obama and Mitt Romney will be in New York this morning for speeches at the Clinton Global Initiative. Josh Dinman, meanwhile, will be at work in Loudoun County, trying to figure out which one of them he should vote for.
Posted In: China, Japan, free trade
The ongoing fight between China and Japan over a chain of islands continues, and now it has Toyota is scaling back production of its luxury Lexus models because of reduced demand in China.
Posted In: FDIC, financial crisis, mortgage crisis
It may be too early to assign blame for Europe's economic crisis, but it is not too early to figure out what went wrong in this country back in 2008. Sheila Bair headed the FDIC back then, and is out with a new book this morning, in which she says she saw signs of trouble in subprime mortgages way back in 2006.
Posted In: health care, healthcare spending
Study finds growth in healthcare spending has reversed its post-recession slump.