12/20/10
Marketplace Morning Report for Monday, December 20, 2010
Episode Description:
Marketplace Morning Report for Monday, December 20, 2010
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What to expect with Ernst and Young
Marketplace host Stacey Vanek Smith speaks to Francine McKenna and Julia Coronado about Ernst and Young and the financial collapse.
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Iranian government to raise product prices
In Iran, the government there has announced it'll raise prices on everyday products, including fuel, cooking oil, and bread. Security forces today flooded the streets of Tehran warning Iranians not to protest the price hikes.
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FDA is setting rules for drug companies to advertise with social media
The Food and Drug Administration is hammering out rules for drug companies that want to advertise on social media sites. And the drug makers themselves are actually on board. Nancy Marshall Genzer reports.
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Ernst and Young may face charges for their role in the collapse of Lehman Brothers
New York prosecutors are reportedly saying Ernst and Young helped the now defunct investment bank hide billions in losses. Eve Troeh has more.
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Online shopping hurts Australian economy
The Australian government will investigate online shopping practices. The weak U.S. dollar has made shopping on American websites more efficient, and the practices are cutting into Australia's bottom line.
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UK may be using the Wall Street rules to lure banks across the pond
After the financial crisis, regulators pushed banks to raise their base pay -- to reduce the bonuses that encouraged risk. The UK may be using those new Wall Street rules to lure more banking operations across the pond.
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KushCon attracts crowds in Denver
Denver hosted the world's biggest marijuana trade show, KushCon. The convention featured cooking classes, Santa Claus and thousands of attendees. Zachary Barr reports.
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What happens if the tension between North and South Korea gets worse?
Marketplace's Stacey Vanek Smith speaks to Asia Bureau Chief Rob Schmitz about North and South Korea, and how escalating tension between the two countries could affect the global economy.
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Dover-native hopes to buy historic port
A man in Dover, England looks to purchase the city's historic port. He'll have to raise $600 million to protect the port from overseas investors. Christopher Werth has more.
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Video Review: Microsoft goes controller-free with XBOX 360 Kinect
Remember many Christmases ago, when Santa Claus delivered Pong and Atari? Gone are the days of two dimensional tennis. Marketplace Morning Report host Steve Chiotakis investigates modern gaming with the XBOX 360 Kinect. Watch the video.
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