PODCAST: A neighborhood lost to Sandy
A house at 121 Kissam Ave is seen with its entire first floor washed away, as well as the entire surrounding area demolished when Hurricane Sandy hit the coastal estuary in the Oakwood Beach area of Staten Island, New York, November 6, 2012.
A year ago this week, Hurricane Sandy plowed into the eastern seaboard, leaving dozens dead and causing more than $50 billion in damage. The repairs are ongoing in so many spots with applications on file from 25,000 New Yorkers in need of assistance, mostly to fix homes. But some communities are not rebuilding. Marketplace's Sabri Ben-Achour visited Oakwood Beach on Staten Island, a neighborhood that may never return.
The government of India is trying to attract more foreign banks -- but with strings attached. Indian regulators are expected to issue new rules for foreign banks that strongly encourage them to open branches in rural areas and earmark services togroups such as poor farm workers. But the BBC's Rahul Tandon says foreign banks might not have a lot of incentive to open branches in impoverished, rural India.