The first pope from the New World must now confront some old problems. He's begun his first full day as head of the church by slipping out of the Vatican to visit an ancient basilica. There, he quietly prayed with priests.
Senate Democrats and House Republicans both introduced federal budget plans this week. Republicans are calling for spending cuts and tax reductions, while Democrats are proposing a "balanced approach" which would increase tax revenues and cut spending.
Differences aside, there is one thing both plans have in common: They are both are friendly to baby boomers. Marketplace economics correspondent Chris Farrell joins Morning Report host Jeremy Hobson to explain how and why older voters are being spared from proposed Medicare and Social Security cut backs.
Almost 100 million sharks are caught every year, mainly for their fins, in trade estimated to be worth up to half a billion dollars a year. Shark fin soup is a delicacy in Asia, but overfishing has decimated several shark species.
In all, five species of shark and two manta rays were given protection at the Convention on International Trade in Endangered Species (CITES).
The BBC’s environment reporter Matt McGrath joins Marketplace Morning Report host to explain why Japan and China are against the measure.
The new pope, Pope Francis I, is a fan of a local soccer club in Buenos Aires that began by pulling at-risk boys off the streets. He considers social outreach a key business of the Catholic Church. To some, its global networks make up the largest charity in the world.
John Katunga of Catholic Relief Services in Kenya cheered the news from the Vatican. He wants the new pope to push for fair lending terms and for development programs in African economies -- starting with the World Bank and the International Monetary Fund.
"These are the big ones," says Katunga, "and have really a direct bearing on how Africa can develop itself and lift out of poverty."
Pope Francis has criticized the IMF in the past for facilitating inequality. In recent decades the Vatican has sought to be a moral voice -- making the case greed was at the center of the financial crisis, and that an increasingly linked world economy should focus squarely on those left behind.
There are certain things that we all have to do that just never seem to get easier. And for Marketplace Morning Report host Jeremy Hobson, one of them is folding a fitted sheet.
Now, one of life's little mysteries has been solved care of LivingonaDime.com. Watch the video below to learn for yourself and happy folding!Video of How to Fold A Fitted Sheet