Marketplace Morning Report for Thursday, December 13, 2012
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Unions in Michigan are facing a new reality. They'll have to convince their members to keep paying dues after Republicans passed a law that makes Michigan a right-to-work state. What does the state's governor, Rick Snyder, think about the new law? The Federal Reserve has spelled out what it's going to do next to try and juice the economy. And it's all about the ends rather than the means. And the Obama Administration is asking Congress to approve about $60 billion in federal aid for recovery from Hurricane Sandy -- hundreds of millions of dollars of which would go to Amtrak.
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The first real look at holiday retail sales. In Europe today: 'One bank to rule them all' -- a big step closer to a banking union. Google Maps is back for iPhone -- could this actually be good for Apple? And speaking of Apple, what happens when you give an iPad to the Pope?
Posted In: elections, marijuana, unions
Michigan workers protested Governor Rick Snyder's decision to pass the right-to-work bills into law yesterday. They say the laws weaken unions.
Posted In: Europe debt crisis, ECB, Banks
European finance ministers struck a major new deal over their debt crisis. They agreed that the European Central Bank -- Europe’s equivalent of the Fed -- should take over the supervision of the continent’s biggest banks.
Posted In: Michigan, right to work, Rick Snyder
Unions in Michigan are facing a new reality. They'll have to convince their members to keep paying dues after Republicans passed a law that makes Michigan a right-to-work state. Governor Rick Snyder put his signature on the law.
Posted In: Amtrak, Hurricane Sandy
On Capitol Hill today, fiscal conservatives are likely to argue against the hundreds of millions of dollars in subsidies that go to Amtrak each year. But Hurricane Sandy showed you need to spend if you want to save.
Posted In: Federal Reserve, Ben Bernanke, Unemployment
The Federal Reserve has spelled out what it’s going to do to try to juice up the economy. Yesterday, Fed Chairman Ben Bernanke announced a new strategy that ties the Fed’s actions to unemployment and inflation rates.
Posted In: Retail, Hurricane Sandy, Black Friday
Hurricane Sandy sparked spending in the Northeast, but Black Friday is national and so has more impact on retail sales.
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