05/28/12
Marketplace Morning Report for Monday, May 28, 2012
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On Memorial Day, we take a look at ways to support the other 1 percent -- the less-than-1 percent of Americans who serve in uniform and those who have died in the line of duty. While low-fare airlines are struggling to make money in the United States and Europe, airports across Southeast Asia have never been busier thanks in large part to budget carriers. With so many Americans off work and out of school, retailers are trying to turn Memorial Day into a shopping holiday. Lastly, we check in with a couple economists and ask them to predict the future.
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PODCAST: A dip in olive oil prices and an economic forecast for sunny skies
On Memorial Day, we take a look at ways to support the other 1 percent -- the less-than-1 percent of Americans who serve in uniform and those who have died in the line of duty. While low-fare airlines are struggling to make money in the United States and Europe, airports across Southeast Asia have never been busier thanks in large part to budget carriers. The Spanish government is wrangling with how to rescue its troubled banks. Local protestors in Malaysia are stalling efforts to mine for rare earths, a key component in electronics.
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Greece jumps, Spain slumps
Markets in Europe are mixed today: Greece is way up and Spain is down. Though both countries face major economic troubles, the level of uncertainty may be the key in determining their market variation.
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Rare earths plant in Malaysia stopped by protests
Despite their name, rare earths are common. And now countries besides China, like Malaysia, are exploring how to make money mining for the key component in electronics.
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Low-fare airline carriers catch on in Southeast Asia
Southwest Airlines-style budget carriers are now growing in popularity in Southeast Asia. Some flights can cost as little as $20 to fly internationally.
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A job is the best way to honor veterans
Veterans working on Wall Street help recruiters understand that military skills also apply to jobs in finance.
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Your economic predictions: Shadow or no shadow?
Last Groundhog Day we asked a couple economists to predict the economic future. Today we asked them to do it again.
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Memorial Day kicks off summer shopping
Retailers gear up for summer shopping season. With graduation, Mothers Day and Memorial Day, May is one of the biggest shopping months of the year.
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Spain seeks to rescue its big bad Bankia
The Spanish government is wrangling with how to rescue its troubled banks. The Spanish bank Bankia needs about $24 billion in new capital.
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