Marketplace Morning Report for Monday, August 6, 2012

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Episode Description 
We have touched down on Mars! The NASA rover Curiosity landed on the surface of the red planet late last night. And it was all hugs at NASA's Jet Propulsion Lab in California. While NBC has been criticized for not running Olympic events live, but criticism aside, NBC is looking at strong ratings for the games so far, and the Olympics could help the network long after the torch leaves London. And we hear from one former Republican Congressional staff member about why he left the game following last year's debt ceiling crisis, and what we need to do to fix the financial incentives in American politics today.

Why countries specialize in certain sports

Over the weekend, Usain Bolt of Jamaica won the 100 m running race at the Olympic games. Jamaica and other island nations have become know for their sprinting power, in the same way that countries like Kenya are known for their strength in distance running.
Posted In: Sports, Running, Jamaica, mid-day extra

PODCAST: Taxing the Cayman Islands, finding the world's laziest countries

We have touched down on Mars! The NASA rover Curiosity landed on the surface of the red planet late last night. And it was all hugs at NASA's Jet Propulsion Lab in California. While NBC has been criticized for not running Olympic events live, but criticism aside, NBC is looking at strong ratings for the games so far, and the Olympics could help the network long after the torch leaves London. And we hear from one former Republican Congressional staff member about why he left the game following last year's debt ceiling crisis, and what we need to do to fix the financial incentives in American politics today.

Best Buy founder pushing to take company private

Richard Schulze already owns about 20 percent of the company, but he wants to buy back the other 80 percent at a cost of almost $9 billion.
Posted In: Best Buy, Richard Schulze

CFTC may drop silver price-manipulation probe

The Commodities Futures Trading Commission may conclude an investigation into whether big banks have manipulated the price of silver.
Posted In: silver

Former SEC employment doesn't affect lawyers' work in private sector

A team of researchers has a new paper out today that looks at this effect on lawyers at the Securities and Exchange Commission.
Posted In: Securities and Exchange Commission, lawyers

Preparing for a trip to the fiscal cliff

Lawmakers have left Washington for the August recess without taking action on the so-called fiscal cliff. Businesses and investors are trying to prepare as best they can, but what can the rest of us do?
Posted In: Bush tax cuts, fiscal cliff

Cayman Islands could tax foreign workers

The British territory has $91,000 registered companies, including 235 banks. But now, because of pressure to plug a budget hole, the government is proposing a 10 percent income tax on foreign workers.
Posted In: Cayman Islands, Taxes

Will the investment in the Curiosity rover pay off?

You can't get more international than Mars -- where the Curiosity rover has landed. Scientists say they're primarily searching for signs of life, but companies are springing up with the goal of extracting non-Earthly resources.
Posted In: NASA, mars, Curiosity rover

Former Congressional staffer on how money divides politics

Former Republican staff member Mike Lofgren explains how money has taken over the political system in America and what we can do about it.
Posted In: politics, campaign finance, Washington D.C., Congress

The costs of the Curiosity rover to Mars

The NASA rover Curiosity landed on the surface of the red planet late last night. And it was all hugs at NASA's Jet Propulsion Lab in California. That's because it took a lot of work -- and money -- to make this moment possible.
Posted In: mars, government spending, NASA, Curiosity rover

With the Olympics, NBC gets a head start on fall promotion

Looks like NBC will sell enough ads to break even on the London summer games, which cost $1.3 billion. Its Olympic-sized audience is also a great place to tout NBC programming.
Posted In: NBC, television, Olympics 2012

Are paper billionaires real billionaires?

Facebook's falling stock price has knocked the company's founder, Mark Zuckerberg, off the top 10 tech billionaires list. But he's still worth a lot.
Posted In: billionaires, Mark Zuckerberg

Midwest drought parches the ranching industry

Out on the plains, drought is parching everything from corn to cattle. And when the prairie grass burns up, so does a business model that depends on it: ranching.
Posted In: drought, cattle

China cracks down on fake drugs

In China, officials have arrested more than 2,000 people involved in the country's vast counterfeit drug industry.
Posted In: China, pharmaceuticals

Music from this show

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Freedom (Fila Brazillia Mix)
DJ Food
deja vu
Yesterdays New Quintet
Mishaps Happening
Quantic
(Nothing But) Flowers (Remastered LP Version )
Talking Heads