Marketplace Morning Report for Monday, September 17, 2012
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One year ago today, a movement began when protestors took over a park right in the heart of New York's financial district, and demanded that the world pay attention to the 99 percent. But one year later, do Wall Streeters think the Occupy Wall Street movement accomplished anything? Several major Japanese companies are shutting down some operations in China, citing concerns about the safety of their workers. Protests there stem from a fight over the ownership of some uninhabited islands in the East China Sea. And in Washington today, experts from the National Academy of Sciences will be looking for ways to bring down the cost of treating Malaria.
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A year after protesters descended upon Zuccotti Park to call for financial reform, we look at the legacy of Occupy Wall Street. The Obama administration plans to launch a new trade complaint against China, arguing that it unfairly subsidizes exports of car parts. Plus, China may spend $15 billion buying a bank in Europe, GM wants the government to sell its remaining shares in the automaker, and the teacher's strike continues in Chicago.
Posted In: General Motors, bailout, U.S. Treasury
According to a piece in this morning's Wall Street Journal, the U.S. Treasury's welcome at General Motors is wearing thin. GM is reportedly pushing for the government to sell most or all of its remaining stake -- currently about a quarter of the company. But the Obama administration seems to be in no hurry to exit.
Posted In: Mitt Romney, Hispanic, U.S. Chamber of Commerce
This morning Mitt Romney is set to speak before the U.S. Hispanic Chamber of Commerce. Romney seems to have achieved a small bounce among Hispanics after the Republican National Convention. Today is another chance to reach out to those critical voters.
Ben Bernanke announced the Fed's new monetary stimulus on Thursday and naturally some of the buzz has faded. We're all basically waking up to a new week in the same economy we had before.
Posted In: China, Japan, dispute, protests
Several major Japanese companies are shutting down some operations in China, citing concerns about the safety of their workers.