Marketplace Morning Report for Monday, October 7, 2013
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European airplane manufacturer Airbus just won a major contract from Japan Airlines worth $9.5 billion. That comes at the expense of the company that has traditionally built airplanes for JAL -- Boeing. Thomson Reuters releases its list today of the world's 100 most innovative companies. U.S. corporations dominate the list, taking nearly half the spots. But what about China, the world's second largest economy? And, with no movement apparent in Washington on ending the partial shutdown, conservatives are pushing the idea of letting Congress authorize funding for budget lines piece-meal. This coincidentally comes at a time when a handful of cities are running pilot projects to give the public -- as opposed to politicians -- a bigger say on how city budgets are spent. It's called "participatory budgeting" and San Francisco's among the places trying it.
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The government shutdown is hampering lots of different mortgage processing, and not just for Federal Housing Administration loans used by many first-time buyers with low or moderate income.
Posted In: government shutdown 2013, housing market
The longer the government is closed, the more housing deals could be delayed or even wrecked altogether.
Researchers at MIT have made cube-shaped robots that self assemble by flipping and flopping with the help of magnets.
Posted In: Airbus, Boeing, Japan
Airbus's gain is Boeing's loss.
Posted In: diamonds, auctions
Sotheby’s Hong Kong is auctioning the world’s largest round blue diamond, the Premier Blue, for $19 million dollars. There’s not much you can do with diamonds but they are always in demand.