Marketplace for Wednesday, January 4, 2012
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President Obama appointed Richard Cordray as head of the Consumer Financial Protection Bureau. Yahoo has a new CEO. Scott Tong's series on famine and aid in Africa explains the complications of getting aid in the hands of those who need it. A commentary asks, what's next for the Arab Spring? London correspondent Stephen Beard examines the history of currency unions. Martha Stewart's empire struggles, while the Broadway musical "Spiderman: Turn Off the Dark" breaks sales records.
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Posted In: Consumer Financial Protection Bureau, CFPB, Richard Cordray
President Obama bypassed the Senate and appointed Cordray as the head of the CFPB. Yet, legal challenges will likely follow.