Marketplace Morning Report for Wednesday, May 15, 2013
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New figures out today from euro zone countries show the European Union's economy has been getting weaker for six straight quarters -- a year and a half of contraction. France was officially in recession. We take you to the continent to find out what it all means. And, seven years ago, Congress passed the Military Lending Act to prevent financial abuse of soldiers. But is it helping? Creative lenders are still finding ways into this lucrative market, and military families continue to fall into high-interest, quick-cash loans.
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A look at how new retail figures impact the economy. After last month's collapse at a garment factory, retailers around the world are responding in different ways. The European Commission is investigating a potential price manipulation scheme among oil companies. A Senate committee on governmental affairs looks at 380 ways “to make Washington more efficient.”
Posted In: Bangladesh, foreign workers, workplace safety, Retail
After last month's collapse at a garment factory, retailers around the world are responding in different ways.
Posted In: Euro Eurozone, European Union, France, Germany
France is in recession, while Germany's economy has expanded.
Posted In: federal government, efficiency
A Senate committee on governmental affairs looks at 380 ways “to make Washington more efficient.” What’s likely to be the fate of this cost-cutting initiative?
Posted In: military, installment loans
Five years ago, the U.S. military banned payday and title-loans to military families, but small-dollar, high-interest lenders are getting around the Military Lending Act.
Posted In: Earnings, Macy's, retail sales
It's a big week for department-store earnings. How are they faring in the stutter-step economic recovery?