Marketplace Morning Report for Thursday, May 10, 2012
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President Obama is counting on fundraising support from Hollywood tonight with Mitt Romney out-raising him on Wall Street. Obama made waves when he came out in support of gay marriage, but how do Americans feel about it? U.S. imports and exports have hit record levels. The construction of a new highway between Illinois and Indiana has some residents on edge. And following the crash of a new Russian aircraft in Indoensia, what's the state of its airline industry?
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Posted In: China, Banks
How significant is this green light from the Federal Reserve and should U.S. banks worry?
President Obama could raise as much as $15 million at a fundraiser in Hollywood. The fundraiser comes on the heels of his endorsement of gay marriage. We speak with Gallup's Frank Newport about how Americans feel about same-sex marriage. The Fed has approved three Chinese banks expanding into the U.S. And in other international news, we take a look at the ongoing woes in the eurozone, Russia's troubled aviation industry, and a territorial dispute between China and the Philippines.
Posted In: Credit Cards, mobile payments, mobile phone
Credit card companies already get a piece of the transaction when consumers use PayPal or Bango to make payments with mobile technology. But can they really compete in the new world of mobile payment?
Posted In: Transportation, eminent domain, Illinois
Lawmakers in Illinois are poised to take up a bill to hasten construction on a new expressway. But to get the land for the highway, lawmakers may use a controversial method known as quick-take power.
Posted In: Russia, airline industry
One of Russia's passenger planes crashed into a volcano in Indonesia. Reporter Peter van Dyk discusses the implications of the crash.