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Marketplace Morning Report for Thursday, March 28, 2013

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Episode Description 
A hedge fund investor makes headlines with a $155 million Picasso purchase. Banks in Cyprus have just re-opened for the first time in two weeks. Although there are tough restrictions on just how much cash customers can withdraw and what they can do with that money once they have it. Today Michigan officially becomes the nation's 24th right-to-work state. Under the new law, workers can opt out of paying union dues and still retain benefits.

African economies finally get some respect

President Obama is scheduled to meet with the leaders of four African nations at the White House. On the agenda: Democracy and opportunities to expand trade and investment.
Posted In: Africa, China, Senegal

PODCAST: Is BlackBerry back? A euro crack?

BlackBerry is back in the black. Banks in Cyprus re-open today to long lines and eager customers. And President Obama meets with leaders of four African countries.

BlackBerry is back in the black

BlackBerry posted a surprise profit for the quarter today. The Canadian company’s been struggling to stay relevant in the smartphone market but while the news is hopeful, it’s still too early to declare a turnaround.
Posted In: Blackberry, mobile, Cellphones, smart phones

Cyprus tries to contain itself, U.S. economy expands

Diane Swonk, chief economist with Mesirow Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss whether the crisis in Cyprus will spread and how the U.S. economy is faring.
Posted In: cyprus, bailout, GDP

U.S. infrastructure gets a D+

Marketplace Economics Correspondent Chris Farrell joins Morning Report host Jeremy Hobson to discuss the state of infrastructure in the U.S. and whether the country can afford to improve it.
Posted In: infrastructure, federal budget

Google Glass to be made in the USA

Made in the USA is coming back into fashion in Silicon Valley. Today, the buzz is that Google is planning to make its long-awaited 'Google Glass' in California.
Posted In: Google, Google Glass, manufacturing, China

Cyprus capital controls threaten fate of the euro

Strict controls on the level of withdrawals have prevented a bank run in Cyprus. But the restrictions are raising fresh doubts about the future of the euro.
Posted In: cyprus, euro, bailout

Cyprus banks re-open to crowds of eager customers

Banks in Cyprus have just re-opened for the first time in two weeks. Although there are tough restrictions on just how much cash customers can withdraw and what they can do with that money once they have it.
Posted In: cyprus, bailout, Europe debt crisis

Billionaire Steven Cohen buys a Picasso: Vanity or investment?

Hedge fund billionaire Steven Cohen has just bought himself another painting -- this time a Picasso -- for $155 million.
Posted In: art, investment

'Right-to-work' arrives for Michigan's unions

Michigan's new 'right-to-work' law goes into effect, stripping unions in the state of many protections and privileges.
Posted In: right to work, Michigan, Labor Unions

Car service app Uber faces driver complaints

Does Uber properly share the bounty with drivers and does it operate in accordance with rules that govern taxis and limos in various cities?
Posted In: app, mobile, transporation, smartphone

Spam wars clog the Internet

If you found your Internet surfing coming up slow in recent days, it's possibly because of one of the biggest cyberattacks experts have ever seen.
Posted In: spam, Internet, cyberwar

Music from this show

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You've Been Spiked
Chris Joss
Scooby Snacks (Explicit) [Explicit]
Fun Lovin' Criminals
Cissy Strut
The Meters