06/09/11
Marketplace Morning Report for Thursday, June 9, 2011
Episode Description:
Marketplace Morning Report for Thursday, June 9, 2011
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Educated immigrants now outnumber lower-skilled
A new report released from the Brookings Institution shows that highly skilled temporary and permanent immigrants in the United States now outnumber lower-skilled ones. Andrey Singer from the Brookings Institution explains.
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Mixed market numbers have economists concerned
Adolfo Laurenti, deputy chief economist at Mesirow Financial, explains how recent stock numbers show a slowdown in economic activity, and how factors like oil prices and the Chinese housing bubble could impact the economic soft patch.
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Citibank hacked, more than 200,000 bank customers affected
The banking giant has confirmed that credit card information for about 200,000 of its North American customers have been compromised.
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Senate imposes debit swipe fee limits
The U.S . Senate voted yesterday to end the banking industry's rally to block caps on debit car swipe fees yesterday. Greg McBride at Bankrate.com explains.
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Banks lose battle over debit card swipe fees
The U.S. Senate has rejected a plan, backed by banks, for a six-month delay in the implementation of a cap on debit card swipe fees. Karen Petrou with Federal Financial Analytics explains.
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OPEC meeting ends without production increase, markets react
Oil prices are up to about $101 a barrel this morning after OPEC decided to maintain its current output levels.
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'The spy who loved VC'
Anna Chapman -- the red-headed cover girl of the Russian spy ring uncovered by the FBI last year -- is no longer a woman of international mystery, and instead is promoting technology investment in Russia.
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China says a U.S. default is 'playing with fire'
China holds more than $1 trillion of U.S. debt, so today the country has said it hopes the U.S. will take effective steps to improve its fiscal position.
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Race for IMF chief coming to a head
It's assumed Christine LaGarde will get the job. Emerging markets complain Europeans always run the IMF, but they haven't been able to coalesce around their own candidate.
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Corn supply, and its effect on food prices
The floods in the Midwest are hurting corn supply, which could affect the rest of the food industry.
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The process behind naming a racehorse
From Seabiscuit to Secretariat, there are rules and rituals involved in naming a racehorse.
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Commerce Department pushes small businesses to increase exports
New reports show U.S. exports are slipping, and 1 percent of U.S. companies sell products abroad. The Commerce Department wants to change that -- one (very) small enterprise at a time.
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