11/28/11
Marketplace Morning Report for Monday, November 28, 2011
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Episode Description:
The European debt crisis hits another phase, as leaders in the region throw around ideas to solve the root issues. Lipitor, the highest selling drug of all time, is set to lose its patent this week. The annual UN Climate Summit starts today in Durban, South Africa. And Paddy Hirsch explains the term "ringfencing" -- at the zoo.
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Lipitor at the end of its patent
Pfizer's big seller, Lipitor, loses its patent this week. But the drug giant isn't ready to give up all those customers just yet.
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U.N. climate summit begins in South Africa
The annual U.N. Climate Summit starts today in Durban, South Africa. Unfortunately, these summits don't seem have a great track-record for enacting change.
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European debt crisis reaches pivotal moment
Last week marked more bad news for economies across Europe, including Germany. If more countries follow suit this week, the crisis could reach its threshold
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'Increased discipline' needed to fix Europe
Ideas are being bounced around today about ways to solve the European debt crisis once and for all.
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What is a ringfence?
One of the solutions being floated around to help save Europe is called a "ringfence." But what is that exactly?
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Egyptian economy still chugging along amid protests
Egyptians began voting today in the first phase of parliamentary elections. The country's economy has hit a hard patch, but not quite come to a halt.
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NBA reaches tentative deal
After months of deadlock, the National Basketball Association has reached a deal to begin the season on Christmas.
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Fiscal union could solve Europe's debt problems
One idea that's emerging this morning is to create a fiscal union between countries to enforce tighter budgets across Europe.
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Strong central government in Europe could force spending cuts
'Germans first and Europeans second' might no longer fly as tensions increase in the European debt crisis.
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Where the euro crisis could hit the U.S.
Money markets are supposed to be a safe investment. The European debt crisis could soon change that.
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Fairfax, Va.: Land of corporate headquarters and 4.6 percent unemployment
One country in Virginia is managing to survive and prosper even as the country at large has ongoing financial problems.
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Mid-day Extra: Cyber Monday goes mobile
Today is Cyber Monday, and it follows on the tails of a very promising Black Friday sales weekend. But what do customers, and companies, have to lose from the surge in mobile shopping?
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PODCAST: Black Friday's leftovers
The national retail federation says sales over the last 4 days jumped 16 percent from last year. Consumers spent an average of 398 dollars on Black Friday-- and Black Thursday, and all Black Saturday and Sunday. And about 40 percent of that shopping was done online.
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President Obama meets with euro officials on crisis
President Obama is hosting some top European Union officials at the White House this morning, as concerns grow about what the debt crisis in Europe could do to the American economy.
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Italian government encourages citizens to buy bonds
The new initiative seeks citizens' help to bail the country out. Even so, towering debt remains a huge problem for Italy.
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