Marketplace Morning Report for Friday, September 28, 2012
British regulators have just proposed a ten point plan to overhaul a key global interest rate. But they say LIBOR shouldn't be scrapped altogether because it's too entrenched in the financial system. LIBOR is used as a benchmark for trillions of dollars worth of transactions around the world. The Barclays Center opens in Brooklyn today with a Jay Z concert. And the big question is whether people take the train to the stadium, because there are only a few hundred parking spots. And what's the Hindi word for Frappuccino? India is set to get its first Starbucks next month in a posh neighborhood in Mumbai.