Jul 12, 2012

Marketplace Morning Report for Thursday, July 12, 2012

There are new figures out this morning about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery. For the past few years, China has had a much higher economic growth rates than we're seeing in the U.S., but when it releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years. And another big warship, the USS Iowa, has opened for tourists in San Pedro, California. It's one of dozens of decommissioned ships that operate as museums around the country.

Segments From this episode

China braces for slower GDP growth

by Rob Schmitz

Jul 12, 2012

For the past few years, China has had much higher economic growth rates than we're seeing in the U.S. But when China releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years.

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Sanctions eased, Myanmar attracts businesses

by Scott Tong

Jul 12, 2012

The country formerly known as Burma, long closed to outsiders and subject to sanctions, is a destination for businesses, especially the oil industry.

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Viacom channels pulled from DirecTV

by Sally Herships

Jul 12, 2012

More than two dozen Viacom Inc. channels -- including Nickelodeon, MTV and Comedy Central -- were blacked out for DirecTV subscribers after the companies failed to reach an agreement on programming fees.

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Retired war ships navigate the seas of tourism

by Adriene Hill

Jul 12, 2012

As the USS Iowa opens in San Pedro, Calif., a look at what it takes to run a successful war ship museum.

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RealtyTrac releases foreclosure data for first half of 2012

by David Gura

Jul 12, 2012

There are some new figures out this morning from RealtyTrac about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery.

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Spanish leaders announces new austerity measures

by Stephen Beard

Jul 12, 2012

As the first batch of bailout funds arrives at Spain's banks, Prime Minister Mariano Rajoy has announced an austerity plan to slash the public deficit. This includes tax hikes and cuts to unemployment benefits.

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Attitude Check

How TV news and ads affect Americans

by Marketplace Contributor

Jul 12, 2012

Frank Newport, editor-in-chief at Gallup, explains how much Americans trust television news, and whether are really impacted by political ads they see on TV.

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Campaign Trail

Report: Mitt Romney stayed at Bain longer than he's claimed

by Jeremy Hobson

Jul 12, 2012

The Boston Globe is reporting this morning that government documents show GOP presidential hopeful Mitt Romney remained CEO and chairman of the private equity firm Bain Capital for three years after he has said he left Bain.

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With new foreclosure data, a look at the housing market

by David Gura

Jul 12, 2012

We're getting some new data this morning about the housing market. The foreclosure listing company RealtyTrac says there was an uptick in foreclosure activity last month, but it's down compared with a year ago. Which brings us to the eternal question: Has the housing market finally hit bottom?

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Attitude Check

Tax cuts, candidate wealth: What matters to voters?

by Marketplace Contributor

Jul 12, 2012

The Presidential race this week can be summed up in a few words: Outsourcing, wealth, taxes, and jobs. How are American voters responding the latest week's news?

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Weekly unemployment dip due to auto industry

by Marketplace Contributor

Jul 12, 2012

This morning the Labor Department reported the number of people applying for unemployment benefits fell by 26,000 last week to 350,000, the best number since March of 2008. Analysts point to the auto industry's seasonal production schedule as the source of the weekly dip.

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British Army brought in to fill Olympic security gap

by Stephen Beard

Jul 12, 2012

The British government says it will have to deploy an extra 3,500 soldiers to protect the Olympic Games after a private security contractor abruptly said it would fall short.

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NBC in talks to buy back Microsoft stake in MSNBC.com

by Jeff Horwich

Jul 12, 2012

NBC is reportedly in talks to buy back Microsoft's chunk of MSNBC.com, essentially ending their partnership. Originally the two companies went in together on the telvision news network and the website.

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Mid-day Update

PODCAST: A pet love hotel, a particle accelerator for your living room

by Mary Dooe

Jul 12, 2012

'Apache', a terrier cairn stays in its hotel room at Actuel Dogs on April 19, 2011 in Vincennes, France.

Franck Prevel/Stringer/Getty Images

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There are new figures out this morning about the number of foreclosures in the U.S. in the first half of this year, and they may shed some light on the so-far elusive housing recovery. For the past few years, China has had a much higher economic growth rates than we’re seeing in the U.S., but when it releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years. And another big warship, the USS Iowa, has opened for tourists in San Pedro, California. It’s one of dozens of decommissioned ships that operate as museums around the country.