06/23/11
Marketplace Morning Report for Thursday, June 23, 2011
Episode Description:
Marketplace Morning Report for Thursday, June 23, 2011
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Budget talks reach an impasse
Efforts led by Vice President Joe Biden to reach a deficit-reduction deal shut down today as Republican representative Eric Cantor said he was pulling out of the discussions.
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As oil prices rise, U.S. receives 'energy stimulus'
The International Energy Agency is planning to release 60 million barrels of oil from its strategic reserves -- half of which will come from U.S. reserves.
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Oil reserves tapped to cut costs at the pump
The U.S. and the International Energy Agency announced today that they plan to release 60 million barrels of crude oil from reserves over the next 30 days. Adolfo Laurenti, deputy chief economist with Mesirow Financial, explains.
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A targeted ad campaign leads to mob arrest
Alleged Boston mobster James "Whitey" Bulger has been arrested near Los Angeles after the FBI launched a fresh ad campaign during daytime talk shows. Curt Nickisch from WBUR explains.
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FBI uses old-fashioned advertising to nab 'most wanted'
Just days after airing a local TV ad aimed at women, the FBI has caught James "Whitey" Bulger, a Boston mob boss.
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Saab's days may be numbered
The Swedish carmaker has said it can no longer pay its employees because it hasn't secured short-term funding for its business. Jay Nagley, managing director of the consultant firm Redspy Automotive, says the company may not be around much longer.
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Beach warfare over who owns the word 'lifeguard'
On Australia's popular beaches, the word "lifeguard" is everywhere -- on t-shirts, swimsuits, and actual lifesaving equipment -- and now a group of lifeguards says it controls the trademark rights to the word.
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Planters gets back into the peanut butter business
Planters, personified by its mascot Mr. Peanut, hasn't sold peanut butter in the U.S. for several decades. But now, Planters parent company Kraft Foods is re-entering the peanut butter market.
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Bernanke's 'gloomy' language reflects slowing economy
Economists often analyze Federal Reserve Chairman Ben Bernanke's language at press conferences, looking for insights into state of the economy. And at yesterday's press conference, the chairman's tone was more downbeat than usual.
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Jumping through hoops for decent interest rates on checking accounts
Consumers can find relatively high checking account interest rates these days. But there's a catch -- or a couple.
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Some high-tech cars frustrate consumers
Car technologies that are designed to woo customers may actually turn out to annoy them.
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Top draft picks may boost Cavaliers' bottom line
In the season since LeBron James went to play for the Miami Heat, the Cavs have struggled mightily on the court and to fill the stands. But there are signs things may be turning around.
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