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Marketplace Morning Report for Friday, August 17, 2012

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In South Africa, more than 30 workers have been killed by police at a platinum mine. The workers, who were armed, were staging what police said was an illegal strike. In Illinois today, unionized workers at a Caterpillar plant will vote on a contract to end a four month strike of their own -- a strike that has put the state's governor in an awkward position. And you know the look... guys around the office in button-down shirts and khaki slacks. We take it for granted now as the business casual “uniform,” but it wasn’t always. So how did the modern office dress code come to be?

As one financial center grows, another shrinks?

A new report out from Bloomberg this morning shows that hiring in the London financial services industry is down, while at the same time it is picking up in New York.
Posted In: finance, mid-day extra

PODCAST: A strike in South Africa, comparing budget plans

In South Africa, more than 30 workers have been killed by police at a platinum mine. The workers, who were armed, were staging what police said was an illegal strike. In Illinois today, unionized workers at a Caterpillar plant will vote on a contract to end a four month strike of their own -- a strike that has put the state's governor in an awkward position. And you know the look... guys around the office in button-down shirts and khaki slacks. We take it for granted now as the business casual “uniform,” but it wasn’t always. So how did the modern office dress code come to be?

Russian rock band Pussy Riot sentenced to prison

The band's official crime is "hooliganism by religious hatred." But to many inside and outside Russia, the case has come to represent considerably more than that.
Posted In: Russia, Vladimir Putin, Pussy Riot

Treasury to change relationship with Fannie, Freddie

There's word this morning that the Treasury Department is going to revamp its financial relationship with the mortgage giants Fannie Mae and Freddie Mac.
Posted In: Housing, Freddie Mac, Fannie Mae, treasury

West Nile virus hits Dallas, Texas

The city of Dallas Texas has authorized the first aerial spraying of pesticides since the 1960s to stop an outbreak of West Nile virus. Dallas County has seen nearly 200 cases of the mosquito born illness and ten deaths.
Posted In: mosquito, disease, West Nile

How the Romney and Obama budgets stack up

President Obama has launched a new campaign ad defending his record on Medicare. At the same time, of course, President Obama has attacked Romney's running mate Paul Ryan for his plans to cut Medicare.
Posted In: Medicare, Mitt Romney, Barack Obama

South Africa mine strike could hurt ailing platinum market

A mass shooting of platinum miners in South Africa is a reminder that our precious metals come from some pretty unstable places.
Posted In: South Africa, platinum

Strike at South Africa mine turns deadly

More than thirty workers have been killed by police at a platinum mine in South Africa. The workers, who were armed, were staging what police said was an illegal strike.
Posted In: South Africa, strike, platinum

Subsidies keep Texas cotton farmers growing

The aid, which dates from the Great Depression, could end when Congress acts on the next farm bill. The World Trade Organization has ruled it's an illegal subsidy, and legislators are looking for budget items to slash.
Posted In: drought, subsidy, cotton

Fraught relations between Democrats and unions

Democratic governors caught between general support of unions and cutting unionized state employees.
Posted In: unions, Democrats

New tax would hit sellers of sugary drinks

Voters in a California town will weigh in on a new tax that would charge businesses a penny for every ounce of sugary drinks they serve.
Posted In: soda

Dress code: The history of 'business casual'

How the Aloha State, aging boomers and a bad patch in the economy changed what we wear to work.
Posted In: business casual, dress code, workplace

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