Marketplace Morning Report for Monday, November 21, 2011
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The super committee's deadline to deal with the budget crisis in Washington is fast approaching, but still no solution has been reached. Hewlett-Packard announces activist Ralph Whitworth will join its board. And chicken producers have been feeling the hurt in tough economic times.
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Posted In: debt ceiling, super committee, 2012 election
The super committee has until Wednesday to reach a debt deal, but it is looking increasingly likely that real decisions won't get made until after the elections of 2012.
Posted In: spain, Europe debt crisis
A new party will now take power in Spain, and citizens of that country hope this will solve their economic problems.
Posted In: debt ceiling, Europe debt crisis, spain
It was just last week that President Obama criticized the Europeans for not solving their debt issues. But it looks like we aren't faring much better here in the U.S.
Posted In: super committee, debt ceiling, Washington
As it looks more and more likely that the super committee will fail to reach a deal, a look back at previous attempts to solve the debt crisis.
Posted In: Washington, debt ceiling, super committee, spain
As of now, the markets are still going on despite the likely lack of a deal in the super committee this week. But much of that depends on the situation in Europe, which could turn around.
Posted In: super committee, spain, chicken
Talks are winding down at the Congressional super committee, and so far, no deal has been made. Spain has a new government after elections were held over the weekend. Hewlett-Packard reports earnings today, the first time since Meg Whitman took the reins. And Tyson foods, the big meat producer, reported even bigger quarterly losses.
Posted In: MF Global
Lehman Brothers, Bear Stearns, Countrywide and, most recently, MF Global, were all considered "primary dealers" by the Federal Reserve -- and they also all failed. So why were they considered so important, and how did they all get in trouble?