Marketplace Morning Report for Monday, April 20, 2015
Airing on Monday, April 20, 2015: The stimulus in China today takes this form—banks will need to have less money in reserve when they lend. This will have the effect of letting banks lend perhaps hundreds of billions of dollars worth of new loans. More on that. Next, the NBA plans a basketball clinic in Cuba later this month. The league isn't looking for Cubans who can play professional basketball—it's looking for fans. Plus, years ago, under another name, the shop at 2900 West 87th Street, on Chicago's South Side, was a convenience store, which happened to sell lottery tickets. Then, Mr. Chan Park took over and turned it into Lucky Mart- a kind of Lottery Tickets 'R' Us. Park sold more than $5 million worth of tickets last year.
Airing on Monday, April 20, 2015: The stimulus in China today takes this form—banks will need to have less money in reserve when they lend. This will have the effect of letting banks lend perhaps hundreds of billions of dollars worth of new loans. More on that. Next, the NBA plans a basketball clinic in Cuba later this month. The league isn’t looking for Cubans who can play professional basketball—it’s looking for fans. Plus, years ago, under another name, the shop at 2900 West 87th Street, on Chicago’s South Side, was a convenience store, which happened to sell lottery tickets. Then, Mr. Chan Park took over and turned it into Lucky Mart- a kind of Lottery Tickets ‘R’ Us. Park sold more than $5 million worth of tickets last year.
