07/23/12
Marketplace Morning Report for Monday, July 23, 2012
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There seems to be a major case of the "Mondays" going on in Europe, as Spain struggles with a new round of troubles. As the 19th International AIDS Conference gets underway in Washington, D.C., it is clear that we've reached a critical juncture in the AIDS fight. And Teach for America, the program that recruits recent college grads to work in underperforming schools, is making a push into the political arena. Former TFA grads already have won seats in state houses and on local school boards.
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PODCAST: Sizing up TARP, putting a fine on Penn State
There seems to be a major case of the "Mondays" going on in Europe, as Spain struggles with a new round of troubles. As the 19th International AIDS Conference gets underway in Washington, D.C., it is clear that we've reached a critical juncture in the AIDS fight. And Teach for America, the program that recruits recent college grads to work in underperforming schools, is making a push into the political arena. Former TFA grads already have won seats in state houses and on local school boards.
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Report: Plain Writing Act fails to live up to its name
About a year ago a law went into effect called the Plain Writing Act, meant to compel federal agencies into communicating with the public in a more accessible way. Now a nonprofit has come out with its first report card based on the act, and most agencies are not doing very well.
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Penn State football faces severe NCAA penalties
This morning the NCAA announced an array of penalties against Penn State University for allegedly covering up the sexual abuse of Jerry Sandusky. The penalties include a $60 million fine, a four-year bowl game ban, and a 40 percent cut in scholarships.
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NCAA rules on future of Penn State football
This morning the NCAA handed down its penalties to Penn State for the child sex abuse scandal. The Penn State football team is barred from all bowl games for four years and faces a $60 million fine.
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Spain leads to more woes for Europe
New fears of a Spanish recession despite bailout measures are shaking global markets today as the threat of Greece's economic crisis still looms large in the region.
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Colorado shooting suspect bought weapons online
The suspect in the Colorado theater massacre makes his first court appearance this morning. James Holmes isn't talking to police. But he left a behind a rich Internet trail. Authorities say it shows how easy it was for Holmes to buy lethal supplies.
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Anger towards government follows in wake of Beijing flood
In Beijing, six months-worth of rain fell over the weekend. The storm has reportedly killed 37 people; almost 60,000 are out of their homes. Anger is reportedly turning from Mother Nature to the government.
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Neil Barofsky on the failures of TARP
The Troubled Assets Relief Program -- TARP -- was the formal name for what we often just call "the bailout." In 2008 Congress allocated $700 billion to stabilize the U.S. financial industry. Congress and President Bush assigned one man to build a team, and police all that spending.
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New fears of Spanish bailout rise
Overseas markets are sliding this morning on new worries about Spain. After last week's bank bailouts, that seemed like an end to the country's crisis, Spain's borrowing costs are up again to 7.5 percent.
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Teach for America fields political candidates
Teach for America is tapping its nationwide network of alumni to recruit candidates for public office -- so much so that in one Tennessee race, two TFA alums are squaring off against one another.
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In China talks, trade and human rights don't mix
Concern about China's human rights actions may be rising in the U.S., especially after its veto of U.N. sanctions against Syria, but they're not likely to be part of annual trade talks.
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International AIDS Conference returns to U.S.
For the first time since 1990, the six-day event this week in Washington, D.C., comes amid talk of a possible cure and concerns about future funding and private research.
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