Marketplace Morning Report for Monday, August 12, 2013
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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.
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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.
Posted In: commodities, Goldman Sachs, aluminum
Regulators have subpoenaed a metal warehousing firm as aluminum manufactures have launched a class action lawsuit against the London Metals Exchange.
Posted In: shipping, Arctic, China
Melting arctic ice has opened a new global trade route.
Posted In: veterans, Bank of America, Wall Street
Big banks are pledging to hire more vets. One Wall Street firm already has.
Posted In: turkey, syria
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: aol, tim armstrong, journalism
AOL hoped to create a viable new model for local news, but now it's planning dramatic cuts to Patch sites and staff.