Marketplace Morning Report for Monday, October 14, 2013
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The gridlock continues this morning in Washington, with no agreement to re-open the federal government or raise the debt ceiling, and the Thursday deadline looms. In Mexico, the president is proposing a major shake up of the country's oil industry. Whether that's a good idea or not may depend on whether you work in the oil industry. And, it was forty years ago this week oil producing countries in the Middle East imposed an embargo on the U.S. as punishment for the U.S. supporting Israel during the Yom Kippur War. The result was an economic shock that changed America. But the 1973 oil embargo may have also yielded some unexpected benefits
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Posted In: applying to college, college admissions
Applying for college just got even more stressful.
A weak start on Wall Street today as the federal budget and the future of federal borrowing remain unresolved. Three Americans win the Nobel Prize in Economics. And, Medicare enrollment is already confusing enough. The new health care exchanges will only make it more so. And that could end up being costly for taxpayers.
Posted In: credit, Immigration
A San Francisco group helps launch small business owners with micro-loans, which in turn create a path to mainstream credit when they are ready to expand.
Posted In: debt ceiling, China, government shutdown 2013
All eyes around the world are on Democrats and Republicans in Washington, waiting to see if they will come to an agreement over the debt limit.
Posted In: Oil, energy, history, Richard Nixon
How did the 1973 oil crisis convince Americans to reduce energy consumption?
Posted In: Mexico, Oil, Ciudad del Carmen
Mexico's president has proposed shaking-up the state-run oil industry and allowing direct foreign investment. The idea is unpopular in much of Mexico, but it's a different story in the oil town of Ciudad del Carmen.
It's not about strength. It's about endurance.
Posted In: Biometrics, hoax, samsung
A criminal probe is being launched after a fake press release saying Samsung would buy a Swedish company that makes fingerprint scanners.
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