Marketplace Morning Report for Thursday, March 1, 2012

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Episode Description 
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.

What is the wealth gap?

Those at the top have an increasingly bigger share, while middle and low incomes stagnate.
Posted In: wealth gap, income inequality

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.
Posted In: Facebook, mobile, marketing

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?
Posted In: Justin Bieber, Music, child star

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.
Posted In: Federal Reserve, Ben Bernanke

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.
Posted In: North Korea

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.
Posted In: wealth gap, middle class

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.
Posted In: syria, Bashar al-Assad, United Nations, human rights

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.
Posted In: bank, Bank of America, fees

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.
Posted In: income growth

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.
Posted In: productivity

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.

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.
Posted In: gas prices, inflation

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.
Posted In: Facebook, IPO, Yelp, california

Music from this show

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Metis
Guts
Sans Soleil (Album Version)
Miike Snow
Tell Me What Will It Be?
Javelin
Te Amo
Atlas Sound