Marketplace for Monday, February 25, 2013
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The founder of Barnes & Noble wants to buy back the company’s 700 remaining bookstores. With federal budget cuts expected to trigger by the end of the week, we run through the consequences -- which may not be as nightmarish as predicted. David Gura takes a look at Pete Peterson, the billionaire who's spent millions of dollars, over decades, campaigning for a long-term solution to the national debt. Do rising gas and food prices prove inflation is alive and well? We hear about why you might expect to see more robots in your doctor's office in the future. And music producer Clive Davis discusses his autobiography, "The Soundtrack of My Life."
Posted In: Mexico, emigration
A recent Gallup poll indicates that the same percentage of Americans and Mexicans want to live abroad -- 11 percent of respondents. What are the attractions of life someplace else?
Posted In: inflation
According to the current Consumer Price Index, the inflation rate is zero percent. But for many people, their cost of living doesn't reflect the data's averages.
Posted In: debt, budget deficit, deficit-cutting, Pete Peterson
The former Commerce Secretary and financier has warned of danger from the nation's long-term debt for years, and financed a campaign to address it.
Posted In: sequester, sequestration
The automatic budget cuts won't happen all at once.
Posted In: Boris Johnson, London
The notoriously outspoken Boris Johnson was surprised that lawmakers in the London Assembly had no questions about a major budget cut.