Marketplace Morning Report for Thursday, July 12, 2012

Episode Teaser Image 
Episode Description 
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.

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

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.

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

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.
Posted In: NBC, Microsoft, media, news

British Army brought in to fill Olympic security gap

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.
Posted In: Olympics 2012, London, Britain

Weekly unemployment dip due to auto industry

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.
Posted In: housing market, Unemployment, auto market

Tax cuts, candidate wealth: What matters to voters?

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?
Posted In: jobs report, Obama, Mitt Romney, Bush tax cuts

With new foreclosure data, a look at the housing market

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?
Posted In: foreclosures, housing market

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

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.
Posted In: Mitt Romney, Bain Capital, Boston Globe, Securities and Exchange Commission

How TV news and ads affect Americans

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.
Posted In: Political ads, tv, news

Spanish leaders announces new austerity measures

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.
Posted In: spain, austerity, euro

RealtyTrac releases foreclosure data for first half of 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.
Posted In: Housing, foreclosure

Retired war ships navigate the seas of tourism

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

Viacom channels pulled from DirecTV

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.
Posted In: tv, directv, Entertainment, viacom

Sanctions eased, Myanmar attracts businesses

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

China braces for slower GDP growth

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.
Posted In: China's Economy, China, steel, Gross Domestic Product (GDP)

Music from this show

Click below to purchase songs from this show through our Amazon affiliate.

Ningane (Instrumental)
Captain Planet
Designated Wizard Practice Area
Belbury Poly
Do You Believe? (Original)
Poolside