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PODCAST: China to ease one-child policy

Janet Yellen testified before the Senate Banking Committee yesterday. China said today it's easing its one-child policy, but economics could still stand in the way of more children. And, the new PlayStation comes out tomorrow, and the battle for the living room ramps up another notch.

While the Federal Reserve’s stimulus system to essentially make up money out of thin air remains controversial, Janet Yellen seemed to ruffle few feathers during her confirmation hearing to become the new chair of the central bank this week.

China will loosen its one-child policy that has long restricted family sizes for urban couples. The changes were announced Friday, but were agreed upon at the Communist Party’s Central Committee meeting that ended earlier this week.

If you’ve got someone in the family who loves video games, brace yourself. For the first time in seven years, Sony releases its latest game console, PlayStation4 later today. It’s been eight years for rival Microsoft, but the company unveils Xbox One next week.

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