12/31/12
Marketplace Morning Report for Monday, December 31, 2012
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Episode Description:
Lawmakers have a few more hours to cut a deal to avoid the sharp tax increases and spending cuts of the fiscal cliff. Many issues remained unresolved and another looming tax adjustment, the Alternative Minimum Tax, could hit millions of Americans with a whopping tax hike next year. Makers of hybrid and electric cars are increasing their offerings despite a somewhat disappointing roll-out of vehicles like the Nissan Leaf and Chevy Volt. And, as the year comes to a close, we're looking at what's ahead in heath care for 2013.
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PODCAST: Can you temporarily jump off a cliff?
Amidst the fiscal cliff festivities, we'll hear about one part of the government that is making money -- and a lot of it. We'll also talk about record profits at OPEC. And in California, prospective bosses can no longer make you log them into your Facebook account.
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Out of bankruptcy, Tribune looks to sell off newspapers
After four years the Tribune Company emerges from bankruptcy today. The media conglomerate includes the L.A. Times, the Chicago Tribune, a handful of TV stations and a big slice of the Food Network.
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Federal Reserve turns $90 billion profit
New data capture the scope of profits at the U.S. Federal Reserve, estimated to be $90 billion this year.
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Up to the edge of the fiscal cliff
All eyes on are on Washington as the deadline to the fiscal cliff is just hours away.
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2012 was a gusher year for OPEC
OPEC earned a record $1 trillion in revenues in 2012, and the average price of oil was the highest ever.
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California passes social media privacy law
Under a new California law, it is illegal for employers or admissions officers to require applicants to hand over their social media usernames and passwords.
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Troubled assets continue to threaten banks
Bank failures across the country tapered off during the past year, but why are some banks still failing?
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The changing shape of health care in 2013
Health care reporter Dan Gorenstein shares his thoughts on what's ahead for health care in 2013.
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Carmakers bet on green future
Makers of hybrid and electric cars are increasing their offerings in 2013 despite a somewhat disappointing roll-out of vehicles like the Nissan Leaf and Chevy Volt.
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Alternative Minimum Tax increase looms
If no adjustment is made to the Alternative Minimum Tax, millions of Americans could face a whopping tax hike next year.
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