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Mid-day Update

PODCAST: A neighborhood lost to Sandy

David Brancaccio Oct 28, 2013
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Mid-day Update

PODCAST: A neighborhood lost to Sandy

David Brancaccio Oct 28, 2013
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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.

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