02/28/11
Marketplace Morning Report for Monday, February 28, 2011
Episode Description:
Marketplace Morning Report for Monday, February 28, 2011
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Egypt hopes tourism will revive soon
Tourists are avoiding Egypt and the Middle East because of the recent turmoil. Egypt depends on tourism and needs to reverse that trend.
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Why rising gas prices matter at the pump
When gas hits $4 a gallon, the effect is psychological as well as financial.
3
Redevelopment agencies may lose state funding
The Academy Awards ceremony this weekend in taking place at the Kodak Theater in Hollywood and Highland, a project that was partly funded by a community redevelopment agency. States may no longer have that sort of money to give to future projects.
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NYC asks investment banks for revenue ideas
New York's City Hall is seeking investment banks' advice for how to raise revenue from 50,000 parking meters and other services.
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Julia Coronado: Higher personal incomes did not boost consumer spending
The U.S. Commerce Department is reporting today that personal incomes jumped 1 percent in January, but consumers only bumped up their spending by 0.2 percent. Bob Moon speaks with Julia Coronado, senior U.S. economist at BNP Paribas, about what these numbers mean.
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Groupon launches China service
The daily deal site Groupon has been interested in expanding into China for months. And finally, Groupon has opened its Chinese affiliate, Gaopeng.com. The site will initially cover Beijing and Shanghai but the company hopes to grow to cover more of China's 160 cities.
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Walmart fails to make it in Russian
Walmart, the world's largest retailer, had hoped to expand into the Russian market. But as Peter Van Dyk reports, many U.S. companies find it hard to open stores in Russia.
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Could a big Oscar win save the U.K. Film Council?
Hollywood's biggest night was also a big night across the pond. British film "The King's Speech" took home three Academy Awards, including best picture. The film was paid for in part by the government's film funding organization, the U.K. Film Council. But because of budget cuts, that agency is on the chopping block. Christopher Werth explains.
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Stopgap budget could prevent government shutdown
The federal government is poised to run out of money on Friday. But both Republicans and Democrats seem to be in favor of a stopgap bill that would prevent a shutdown and cut $4 billion from the budget. Nancy Marshall Genzer has more.
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