Marketplace Morning Report for Friday, May 10, 2013

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Episode Description 
Finance ministers and central bankers from the Group of 7 big economic powers, including the U.S., gather in London today for informal talks about global economic recovery. Germany's finance chief is in for a roasting over the hot topic of austerity. Speaking of global economic indicators, Luxembourg's ArcelorMittal, the world's biggest steel company, reported profits were down in the first quarter of 2013. And, amid the debate over immigration, consider the following. People who were born in one country, but move somewhere else have an estimated $400 billion in savings -- putting them in the position to lend money to their motherlands.

PODCAST: A budget surplus; an 'old' CEO at age 48

The federal government will post a surplus for April 2013. The CEO of online retail giant Alibaba says he's too old for the job at 48. And, Obamacare's PR push is gearing up for prime time.

ATM heist reveals vulnerabilities in global security

A band of thieves working across two dozen countries has made off with $45 million. The caper reveals serious vulnerabilities in the banking system
Posted In: ATM, Crime, cybercrime

Thieves stole $45 million in global ATM heist

Forget bank heist movies with ski masks and safe cracking. These thieves were high tech.
Posted In: ATM, Crime, cybercrime

Austerity on agenda as G7 meets near London

As the G7 gathers near London, austerity is on everyone's mind.
Posted In: G7, Europe debt crisis, Eurozone, Germany, United Kingdom

Emigrants loan money to homelands with 'Diaspora bonds'

Emigrants are estimated to have $400 billion in savings, and some are investing the money at home.
Posted In: bonds, emigration, Immigration

Extended interview with NASA engineer Adam Steltzner

NASA engineer Adam Steltzner, who navigated the landing of the Mars Curiosity Rover, talks the future of human space exploration.
Posted In: NASA, space exploration

The Obamacare charm offensive begins

The Affordable Care Act's PR push is gearing up for prime time.
Posted In: Affordable Care Act, health care, health care reform

How old is 'too old' to lead a tech company?

The founder of Chinese online retail giant Alibaba is resigning at the age of 48. Why? He says he's too old for the job.
Posted In: alibaba, e-commerce, China, online retail

ArcelorMittal announces quarterly loss of $345 million

European steel giant ArcelorMittal announces its quarterly results today at a time when the global steel industry faces substantial challenges.
Posted In: steel, Europe

Music from this show

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Dois Beijinhos
Seu Jorge
The Contender
Menahan Street Band
Love Ave
Para One
Purrfect
Funki Porcini