11/15/12
Marketplace Morning Report for Thursday, November 15, 2012
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As Xi Jinping takes the helm of the Communist Party in China, handling the slowing economy remains priority number one. President Obama will meet tomorrow with members of Congress to start negotiations in hopes of avoiding the fiscal cliff. But what do the American people think? The Federal Housing Administration's annual report is due out this week, and there's concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.
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PODCAST: BP pays, Europe's back in recession
BP will pay the largest criminal penalty in U.S. history for its role in the 2010 Gulf oil spill. Europe is back in recession. The wealth gap between the rich and poor continues to grow. A celebrity telethon from an Occupy Wall Street branch is expected to raise money to pay off the debts of ordinary people. And the latest on the fiscal cliff.
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Could apartments become the next no-smoking zone?
If the folks behind the Great American Smokeout have their way, the latest frontier in the “no smoking” crusade could be apartment buildings.
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FDA investigating 5-hour Energy drink
Energy drinks are boosting sleepy beverage sales, even as the FDA investigates both Monster Energy and 5-hour Energy.
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Activists launch debt forgiveness campaign
It's been more than a year since Occupy Wall Street made its debut in New York's Zucotti Park. Tonight a new initiative, 'Rolling Jubilee,' kicks off with an online celebrity telethon.
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German economy begins to feel recession pressure
Europe has officially slipped back into recession. Growth in Germany -- widely considered to have a relatively healthy economy -- has slowed as well.
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Rising delinquencies threaten Federal Housing Administration
The Federal Housing Administration's annual report is due out this week, and there's concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.
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Americans want compromise on fiscal cliff
When it comes to the fiscal cliff, Americans do not give Republicans or Democrats a mandate on the issue.
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BP: 'There will be blood'
British oil giant BP could face a record fine for the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.
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The growing income gap, state by state
A new analysis highlights states with wide income inequality, and suggests ways to narrow the gap.
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UPS CEO: Failure to resolve fiscal cliff will impact jobs
UPS CEO Scott Davis shares his views on the fiscal cliff, compromise, and how his company will adjust if Congress can't strike a deal.
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In China, new leadership but familiar challenges
As Xi Jinping takes the helm of the Communist Party in the world's second largest economy, handling the slowing economy remains priority number one.
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