Marketplace Morning Report for Monday, December 16, 2013
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Japanese Prime Minister Shinzo Abe came to power a year ago. His party's policy of "Abenomics" involves lots of stimulus spending, easy money from the central banks and then structural reforms. The Italian Prime Minister has called it his country's "true nightmare." The German Chancellor says it threatens the future of Europe. They are talking about staggeringly high numbers of young people who can't find work. It's a much bigger problem in Europe than in the U.S., where it's also a problem. All this week, Marketplace is putting the spotlight on what we're calling Generation Jobless. And, thought you'd stop by the post office today with your packages? Six million of your friends and neighbors will be doing the same thing on this busiest mailing day of the year.
Listen to more audio from this episode
Now that some parts of the economy seem addicted to the Fed's stimulus, how does the central bank extricate it? Facebook will be added to the S&P 500. So what exactly does that mean? And, a company called Pave that lets financial backers invest in the future of promising young people.
Posted In: Swiss, Banks, Credit Suisse, Tax evasion
There was a time not so long ago when if you wanted to store money somewhere, no questions asked, you’d go to Switzerland. Maybe not so much anymore.
Posted In: Fed, Federal Reserve, Ben Bernanke, stimulus
Now that some parts of the economy seem addicted to the Fed's stimulus, how does the central bank extricate it?
Posted In: Shinzo Abe, Japan
It's the one year anniversary of Japan's great experiment in trying to lift itself from economic lethargy.
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