Marketplace Morning Report for Thursday, July 29, 2010

Episode Description 
Marketplace Morning Report for Thursday, July 29, 2010

Bernanke, Geithner meet on consumer protection

Fed chair Ben Bernanke and Treasury Secretary Timothy Geithner are meeting to discuss the new Consumer Financial Protection Bureau.

Oil is up and will continue to go up

Economics editor Chris Farrell predicts an increase of up to $100 per barrel of oil -- and explains why that's not good.
Posted In: Oil

Convention hackers told to keep it conventional

Attendees of this week's Black Hat and DefCon hacker conventions are being told to hush up.
Posted In: Internet

Obscure immigration program encourages foreign investors

One Cleveland entrepreneur is using a little-known U.S. immigration program to encourage local development.
Posted In: Entrepreneurship, Immigration

Report: Pollution way up in Chinese cities

The downside to China's rapid growth of the past few years: a rise in air pollution. A Chinese government report shows over 100 Chinese cities had the worst pollution levels in five years.

On $4.5B profit, Shell won't cut back on deepwater drilling

Posting a $4.5 billion profit and taking its place as the largest oil firm in Europe, Shell doesn't plan to stop plans for deepwater drilling. It just won't be as easy a process now.
Posted In: Oil

Federal panel will decide where to hear BP cases

A panel of federal judges in Boise, Idaho will decide where to try 250 BP lawsuits filed in 12 different states. And wherever that is could see a sizable economic boost.
Posted In: Oil

Home foreclosures up in first half of the year

In RealtyTrac's mid-year report, the real estate data company says the U.S. housing market is in for a long, painful recovery.
Posted In: Housing