Marketplace Morning Report for Thursday, May 3, 2012

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Episode Description 
After last year's tsunami in Japan, millions of tons of debris floated across the Pacific, some of it reaching all the way to the West Coast of the U.S. Now, someone is going to have to pay to clean it up. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner are in China today and some of the focus is on on a blind Chinese dissident who took refuge at the U.S. embassy in Beijing. And this election year, you're going to hear a lot about government regulations, and whether they're too tough or not tough enough.  
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Older workers facing softening job market

A record level of unemployed workers are dealing with long-term unemployment -- including one particular group.
Posted In: Jobs, Unemployment
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Clinton, Geithner in China for talks

U.S. Secretary of State Hillary Clinton and U.S. Treasury Secretary Tim Geithner are in China this morning. They're supposed to be talking about issues like trade. But instead, everyone's focused on a blind Chinese dissident who took refuge at the U.S. embassy in Beijing and is now asking for asylum in the United States.
Posted In: China, hillary clinton, Timothy Geithner, Bo Xilai
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Who Americans trust with big economic decisions

Bill Clinton is warning Europeans that the prescription of austerity, quote "continues to be pushed in the face of evidence that it won't work." For those not inclined to accept this kind of economic advice from an ex-U.S. president, the question arises: who do Americans trust to handle these matters?
Posted In: Bill Clinton, Ben Bernanke, Timothy Geithner
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Planned job cuts up 7 percent in April, education hard hit

State and local budget deficits led to a surge in job cuts in education, and high gas prices hobbled the transportation industry, sending monthly planned layoffs up in April, according to job firm Challenger, Gray and Christmas
Posted In: Jobs, employment
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Mid-Day Extra: Starbucks gets into the money-lending business

Starbucks is working with a pioneer in microlending in developing countries - the Grameen Foundation - to lend money to small coffee farmers.
Posted In: starbucks, microlending
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CEOs get a raise; average pay up 15 percent

CEOs in the U.S. earned nearly $6 million on average, up 15 percent over last year and 28 percent the year before that.
Posted In: ceo, compensation
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Europe shifts away from austerity, but that's easier said than done

The head of the European Central Bank said today that economic growth has to be central to the plan to get Europe out of its debt crisis
Posted In: European Central Bank, austerity
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Podcast: CEO pay up, teacher layoffs are too

CEOs get a raise as average pay goes up 15 percent. Meanwhile, planned job cuts rose 7 percent in April, with the education sector hardest hit. The head of the European Central Bank said today that economic growth has to be central to the plan to get Europe out of its debt crisis. But a shift away from austerity will be easier said than done. Plus, Clinton and Geithner meet in China for talks; Tsunami trash headed to our Pacific shores; and older workers facing softening job market.
Posted In: podcast
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Is SpongeBob SquarePants losing popularity?

The cartoon character is a huge cash cow for Nickelodeon, but are there signs that SpongeBob is falling out of favor with kids?
Posted In: spongebob, nickelodeon
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Regulation at the state level

States are trying to make it harder for new regulations and rules to be enacted in the first place.
Posted In: regulation, state government
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Tsunami trash headed to our Pacific shores

And no one has clue who will pay for the clean-up of tons of debris.
Posted In: Japan, tsunami

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