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Marketplace Morning Report for Thursday, May 16, 2013
May 16, 2013

Marketplace Morning Report for Thursday, May 16, 2013

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Today, hundreds of protesters shut down traffic in the Chinese city of Kunming to dramatize their opposition to a proposed petrochemical plant. It's the latest in a series of 'not in my backyard' or NIMBY protests in recent weeks throughout that country. And, we heard yesterday that military families have some extra protections when it comes to consumer credit -- the Military Lending Act caps interest rates and bans certain short-term loans. But creative lenders are still finding ways to prey on military families. Today, we look at how military brass, consumer advocates and lawmakers are trying to close loopholes in the legislation.

Segments From this episode

Angelina Jolie's boon to a small film headed to Cannes

May 15, 2013
Until days ago, 'Decoding Annie Parker' -- a film about a genetic researcher and a cancer patient -- was a low-key production with modest ambitions. Then Angelina Jolie revealed she had the very genetic mutation that stars in the film.

Protecting troops from a different kind of harm — predatory loans

May 16, 2013
Military brass, consumer advocates and lawmakers are trying to close loopholes in the Military Lending Act.

What's ahead for the IRS?

May 16, 2013
To say the Internal Revenue Service is having a bad week is an understatement. And to top it all off, IRS Commissioner Steven Miller was just forced to resign. So how will that effect the rest of the agency responsible for collecting taxes to keep the U.S. government running?

New app lets strangers crowd-source video to get a better view

May 16, 2013
Ever been at a concert or game and wondered what the view looks like from the front row? There's now an app for that. Krowds helps strangers at public events share unlimited video.

Chinese protesters oppose petrochemical plant in Kunming

May 16, 2013
In the latest series of 'not in my backyard' or NIMBY protests in China, hundreds took to the streets in Kunming to oppose a petrochemical plant.

Mexican citizens stem corruption with social media

May 16, 2013
In Mexico, social media outlets such as Twitter have sprung up as tools used by the public to battle public corruption.

House Republicans attempt to repeal Obamacare ... for the 37th time

May 16, 2013
Republicans in the House are expected to hold a vote today to repeal President Obama's health care initiative. It will be their 37th vote on the issue.

BP waves the white flag, asks for help from the Prime Minister

May 16, 2013
BP said they were just trying to make it for easier for claimants, but now they're in over their heads.

Blame the weather on lower sales and housing starts?

May 16, 2013
Temperatures were down across much of the United States, causing consumers to huddle at home instead of going out.

PODCAST: Weather to blame for low Walmart sales; Angelina Jolie surgery boosts film about breast cancer

May 16, 2013
Walmart sales are down and so are housing starts, but the weather could be to blame. Plus, a small film about breast cancer research gets an unexpected boost from Angelina Jolie's preventive mastectomy.

Today, hundreds of protesters shut down traffic in the Chinese city of Kunming to dramatize their opposition to a proposed petrochemical plant. It’s the latest in a series of ‘not in my backyard’ or NIMBY protests in recent weeks throughout that country. And, we heard yesterday that military families have some extra protections when it comes to consumer credit — the Military Lending Act caps interest rates and bans certain short-term loans. But creative lenders are still finding ways to prey on military families. Today, we look at how military brass, consumer advocates and lawmakers are trying to close loopholes in the legislation.

The team

Stephen Ryan Producer, BBC