03/01/12
Marketplace Morning Report for Thursday, March 1, 2012
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What is the wealth gap in America? It might be harder than ever to climb the ladder of success and move up in income levels. The U.N. Human Rights Council has voted to condemn the Syrian government of President Bashar al-Assad. North Korea has reached a deal with the U.S. to suspend its nuclear program in exchange for U.S. food aid. And Justin Bieber turns 18 today, which means he finally gets access to his own finances.
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American incomes rise 0.3%
We're seeing both more people working and people with jobs being paid more -- but high gas prices and inflation could take a small hit to that increase.
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How the wait window is hurting productivity
Waiting around for something to get delivered during a four-hour window can be a frustrating experience -- and it's hurting worker productivity. Some businesses are trying to cut the window by two hours.
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PODCAST: New B of A fees, delivery waiting times
What is the wealth gap in America? It might be harder than ever to climb the ladder of success and move up in income levels. The U.N. Human Rights Council has voted to condemn the Syrian government of President Bashar al-Assad. North Korea has reached a deal with the U.S. to suspend its nuclear program in exchange for U.S. food aid. And Justin Bieber turns 18 today, which means he finally gets access to his own finances.
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Should speculators be blamed for high gas prices?
With gas prices rising at an unusual time of year, many are blaming speculators. Others believe refiners are worried about tensions with Iran, and are using a hedging strategy.
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Can tech IPOs save California's budget?
California is looking forward to both the Yelp and Facebook IPOs in the near future. One analyst estimated it could bring as much as $2.5 billion to the financially struggling state.
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What is the wealth gap?
Those at the top have an increasingly bigger share, while middle and low incomes stagnate.
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Facebook announces its mobile marketing plan
Marketers descended on Facebook's first one-day conference yesterday to find out what the social network has in store. Facebook announced that for the first time its getting into mobile marketing.
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Justin Bieber turns 18, gets access to his money
Justin Bieber celebrates his 18th birthday today. What does official adulthood mean financially for the teen superstar?
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Ben Bernanke remains cautious in House remarks
The Federal Reserve chairman was careful about what he said yesterday in his speech on the U.S. economy to the House Financial Services Committee.
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North Korea agrees to end nuclear program for food aid
North Korea has reached a deal with the U.S. to suspend its nuclear program in exchange for U.S. food aid. Because of sanctions, the U.S. hasn't sent food to North Korea since 2009, despite reports of significant malnutrition in the country.
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Where does the middle class begin and end?
According to Gallup's latest data, about two-thirds of Americans who put themselves as the middle class, and most voters overall are not concerned about the wealth gap.
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U.N. Human Rights Council condemns Syria
The U.N. Human Rights Council voted today to condemn the Syrian government of President Bashar al-Assad. The council says the regime's attacks against its own citizens may amount to crimes against humanity.
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Bank of America to test new fees
The bank is reportedly currently testing different fee models -- including monthly charges of anywhere from $6 to $25. This comes after a pushback last year against a $5 monthly debit card fee.
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