Marketplace Morning Report for Thursday, July 19, 2012

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It appears more of the world's largest banks are getting roped into allegations of fraud. Four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR. Of course, this banking scandal comes on the heels of the monster JP Morgan trade-gone-bad, which has cost the bank billions of dollars. What can be done to keep these problems from happening? And more than a dozen top-tier universities are signing on to a plan that will make college more affordable -- by offering some of their courses online for free.

PODCAST: Banking scandals march on, food prices hit by drought

It appears more of the world's largest banks are getting roped into allegations of fraud. Four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR. Of course, this banking scandal comes on the heels of the monster JP Morgan trade-gone-bad, which has cost the bank billions of dollars. What can be done to keep these problems from happening? And more than a dozen top-tier universities are signing on to a plan that will make college more affordable -- by offering some of their courses online for free.

When big celebrities leave Twitter

So there seems to be a trend developing over in the social media world: From Alec Baldwin to John Mayer, more and more big name celebrities are dropping out of the Twitter-verse.
Posted In: Twitter, celebrity, Alec Baldwin, mid-day extra

Cable shows clean up Emmy nominations

Emmy nominations are out this morning and they're full of shows from cable -- AMC's Mad Men got the most. Have the broadcast networks been replaced by cable and how do online only shows fit in?
Posted In: tv, emmy's, cable, netflix

Nokia hangs on, but announces $1.5 billion loss

Until this year, Nokia was the world's biggest maker of cell phones. Today the company announced a $1.5 billion quarterly loss and slashed the price of its new headline handset, the Lumia 900.
Posted In: nokia, cell phones, windows 8

Americans worried more about obesity than alcohol

A new study in the journal Lancet says lack of exercise now causes as many deaths as smoking. And according to the latest figures, obesity costs Americans about $200 billion a year in medical expenses. So perhaps it makes sense that for the first time, Americans polled by Gallup see obesity as a bigger problem than smoking or alcohol consumption.
Posted In: alcohol, obesity

How economic sanctions affect Syria

At the UN today, the Security Council is expected to vote today on economic sanctions against Syria, in an effort to help end the 16 month conflict between the government of Bashar Al-Assad and rebel forces. But will more economic sanctions work?
Posted In: syria, sanctions, United Nations

Ag Secretary Tom Vilsack on the worst drought in decades

Soybean prices have reached a record high, and corn prices are near records in the midst of a rough drought across the Midwest. It could impact all of us soon in the form of higher prices for everything from cereal to chicken.
Posted In: Agriculture, drought, corn, Tom Vilsack

China offers $20 billion in aid to Africa

China held a forum with African leaders today, offering $20 billion in loans to countries throughout the continent over the next three years. The pledge almost doubles China's previous aid to Africa, strengthening a relationship that has attracted a lot of criticism from the West.
Posted In: China, Africa, foreign aid

Americans' priorities for fixing the economy

Our politicians can't seem to work it out; how do ordinary Americans think we should fix the economy?
Posted In: Jobs

Four more banks under investigation in LIBOR scandal

According to the Financial Times newspaper, four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR.
Posted In: banking, LIBOR, London

Top-tier universities offer online classes for free

But these still won't compete with the brick-and-mortar institutions.
Posted In: online education, college

CFPB levels first fine on Capital One

Capital One must pay $210 million after settling charges from the Consumer Financial Protection Bureau that it misled credit card customers.
Posted In: Capital One, CFPB, Consumer Financial Protection Bureau

Why it might be time to break up big banks

As banks face scrutiny over questionable practices, Chris Farrell explains why breaking up some of our biggest banks would solve a lot of problems.
Posted In: Banks

Music from this show

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I Got The... (2006 Digital Remaster)
Labi Siffre
night falls
Booka Shade
Root Juice
Chris Joss
The Product
Freeway & Jake One

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