Marketplace for Tuesday, February 18, 2014
The President announced new EPA targets today regarding fuel efficiency for heavy-duty trucks. It’s part of his much-talked-about strategy of going around Congress to get things done. But given how ambitious these new goals are, it raises the question of how much power the administration has to go around an industry in requiring new rules. Next, IPO wannabe King Digital Entertainment has made a lot of money out of peoples’ impatience: its top offering, Candy Crush, is free to play, but it makes money from impatient players who want to buy shortcuts in the game - a dubiously sustainable business model. Finally, loan applications for home purchases have slipped in recent months. One reason: student loan burdens have grown, which keeps would-be first-time home buyers out of the market.