05/13/11
Marketplace Morning Report for Friday, May 13, 2011
Episode Description:
Marketplace Morning Report for Friday, May 13, 2011
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Uncertainty in regulatory leadership strains financial overhauls
New York Times reporter Binyamin Appelbaum explains how vacancies at the heads of financial regulatory agencies could impede overhaul implementation.
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Consumer prices rise 0.4% in April
Rising gasoline and food prices continue to drive up the cost of living in April. Chris Low, chief economist with FTN Financial, takes a look at today's numbers from the Labor Department.
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U.S. wages can't keep up with consumer prices
Jill Schlesinger of CBS/MoneyWatch explains today's Consumer Price Index news, and what that means for American consumers.
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German GDP rises by 1.5% in the first quarter
Stronger-than-expected economic growth in Germany may signal better futures for struggling European economies.
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Facebook admits to hiring PR firm to target Google
Facebook admitted this week it hired PR firm Burson-Marsteller to start a campaign against Google, rallying journalists as "third parties to verify" claims that Google violates privacy.
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A tale of two entitlements
The annual report on the health of Social Security and Medicare will update last year's predictions: that Medicare will run out of money by 2029 and Social Security will run out of money in 2037.
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Moet Hennessy to make bubbly in China
The wine and spirits arm of France's LVMH luxury group announced yesterday it's planning its first vineyard in China to produce a premium sparkling wine.
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Michaels stores hit by debit card fraud
The fraud across 20 states highlights how debit cards are more vulnerable to fraud and financial loss than credit cards.
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Migratory bird causes construction disruption
The Washington D.C. Department of Transportation had been constructing a footbridge over some railroad tracks when they came across an obstacle.
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Cyber security attacks can hit smaller businesses, too
It's not just the big companies who can suffer a security breach -- cyber thieves can attack small or mid-size businesses and cost a lot of damage.
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