Marketplace Morning Report for Monday, June 11, 2012

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Episode Description 
Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.

In Turkey, a Syrian doctor aids his countrymen

A Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.
Posted In: syria

What went wrong with California's budget

With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? Do other states have to fear the same thing?
Posted In: california, Jerry Brown, budget crisis

Spain gets a short term fix in euro bailout

European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
Posted In: spain, Europe debt crisis, bank bailout

App developers vie for Apple customers

The Apple Worldwide Developers Conference kicks off in San Francisco today, analysts expect newly designed laptops, perhaps a new Apple TV, and an updated operating system for mobile devices.
Posted In: apple tv, apple, app

Spain avoids government bailout with bank rescue

Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
Posted In: spain, Europe debt crisis, bank bailout

Exports in China double market expectations

Amidst the slew of gloomy economic indicators from China over the weekend there was one bright spot: May's overseas shipments from China are up more than 15 percent over last year.
Posted In: China, export, import export

Spain's bailout: Good idea or moral hazard?

Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?
Posted In: bank bailout, Europe debt crisis, spain, Greece

Rating agencies: No longer the final word

The ratings agency Moody's could lower credit ratings on the bonds of several U.S. banks this month. The downgrades could send ripples, but not shock waves, throughout the economy.
Posted In: ratings agencies, Moody's

Bailout in Spain buys time and clips contagion

Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.
Posted In: spain, Greece, bank bailout, elections

UnitedHealth to adopt reform provisions, set insurance standard

UnitedHealth will adopt some parts of the Affordable Care Act regardless of what happens in the U.S. Supreme Court in the coming weeks. The insurer will continue to cover children up to age 26 and offer free preventive health care services.
Posted In: Affordable Care Act, Supreme Court, health insurance

PODCAST: A $1.3 billion billboard and LinkedIn's most popular passwords

Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.

What does the middle class look like?

As part of our ongoing middle class photo project, we followed up with a listener who told us being middle class means setting a goal and getting there. Tell us what you think it means to be middle class.
Posted In: middle class, listener mail, farming

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Ernie
Fat Freddy's Drop
Lazy Noon
Keep Shelly In Athens