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Marketplace Morning Report for Monday, August 12, 2013

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Episode Description 
With less ice in the Arctic, a new path for global trade is opening up for Asian exporters. It's called the Northern Sea route, and right now a Chinese cargo ship is giving it a try from a port in China's northeast. It's common for companies to pay academics for research and development in the hopes of fueling innovation in the market. A new study today from the British publication Times Higher Education suggests that scholars from East Asia may be more valuable to corporations than their western counterparts. And, a look at a Syrian refugee camp in Turkey. Over the last 18 months, some one and a half million Syrians have fled the violence in their home country, and as many as half a million have ended up in neighboring Turkey. Marketplace Morning Report visits a Syrian family trying to get back on their feet.

PODCAST: AOL's Patch hyper-local news service goes way of print

Checking in with the summer consumer. Big banks are pledging to hire more vets. One Wall Street firm already has. And, AOL hoped to create a viable new model for local news, but now it's planning dramatic cuts to Patch sites and staff.

BlackBerry for sale?

The Canadian smartphone maker considers putting itself up for sale.
Posted In: Blackberry

Lawsuits claim banks involved in aluminum price fixing

Regulators have subpoenaed a metal warehousing firm as aluminum manufactures have launched a class action lawsuit against the London Metals Exchange.
Posted In: commodities, Goldman Sachs, aluminum

Markets brace for July sales figures

Checking in with the summer consumer
Posted In: retail sales, online sales, markets

Chinese ship first to sail through Arctic on Northeastern Passage

Melting arctic ice has opened a new global trade route.
Posted In: shipping, Arctic, China

Combat vets make it in the trenches on Wall Street

Big banks are pledging to hire more vets. One Wall Street firm already has.
Posted In: veterans, Bank of America, Wall Street

Turkey tries to accommodate its new Syrian residents

Turkey has welcomed half a million Syrian refugees, but some Turks fear the newcomers may be putting a strain on Turkey's infrastructure and economy.
Posted In: turkey, syria

AOL's new hyper-local news plan: A little less local

AOL hoped to create a viable new model for local news, but now it's planning dramatic cuts to Patch sites and staff.
Posted In: aol, tim armstrong, journalism

Korean scholars rank as the most valuable

A new study says that academics from South Korea are the most commercially valuable in the world.
Posted In: academics, universities, higher ed

Music from this show

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Golden Rough
The Bamboos
Dark City
Cochemea Gastelum
Sutphin Boulevard
Blood Orange