Marketplace Morning Report for Thursday, May 3, 2012
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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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Posted In: Jobs, employment
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: starbucks, microlending
Starbucks is working with a pioneer in microlending in developing countries - the Grameen Foundation - to lend money to small coffee farmers.
Posted In: European Central Bank, austerity
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: podcast
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: China, hillary clinton, Timothy Geithner, Bo Xilai
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: Bill Clinton, Ben Bernanke, Timothy Geithner
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?