Posted by Chau Tu
For Marketplace, Thursday, June 16, 2011
Rising sea levels are threatening beaches like Hawaii's Waikiki, and could cost the state billions of dollars in tourism revenue. Georgia is dealing with a tough new immigration law that leaves the state without thousands of farm workers; governor Nathan Deal has just proposed a new plan. Treasury officials and hedge fund managers are meeting to discuss a new initiative for Wall Street to help finance big public works. President Obama says U.S. action in Libya doesn't fall under War Powers Act.
There's a lot at stake in the global economy if Greece defaults. Business and political leaders from around the world are gathering in St. Petersburg, Russia, to attend the city's big annual economic forum. Mozambique is ending universal subsidies on a range of basic daily necessities. New York Times Magazine contributor Rob Walker commented on the failure fad. Here are the songs we played: