11/17/11
Marketplace Morning Report for Thursday, November 17, 2011
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Episode Description:
On this Thursday morning, the credit rating agency Fitch says the U.S. should be worried about exposure to the European debt crisis. We look at whether Angie's List is ready for an IPO, and why more American elderly are being pushed towards poverty. In Washington, John Dimsdale looks at the insider trading rules that apply -- or don't apply -- to Congressmen.
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Occupy Wall Street gathers in front of NYSE
Recently evicted, the Occupy Wall Street movement hopes to keep its momentum going even after leaving Zuccotti Park.
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Will the super committee reach a deal?
Diane Swonk, chief economist with Mesirow Financial, explains why the super committee might not reach a deal by its deadline.
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Super committee deadline looms
The super committee in Washington must reach a deal by next week, but that is looking increasingly unlikely.
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PODCAST: Engineers study harder than business majors
In today's Mid-day Update, we look at the ongoing debt crisis and Europe and its potential effects on U.S. banks. Meanwhile, the deadline for the Congressional super committee is not far off. And poverty numbers among the elderly are rising.
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Mid-day Extra: How book awards translate to dollars
Last night, the winners of this year's National Book Awards were announced.
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California faces more budget cuts
The state of California is receiving much less in revenue this year than it projected.
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Is Angie's List ready for its IPO?
The popular website has more than a million paying subscribers, but it's still in a hole.
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Insider trading in Congress
Several new bills to stop insider trading by Congressmen are gaining momentum on Capitol Hill.
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Money goes mobile in developing economies
Somali refugees in Kenya are using cell phones for a number of monetary transactions.
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Poverty numbers among elderly rise
Higher health care costs could be what's pushing more of the elderly into poverty.
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Fitch warns of U.S. exposure to euro debt
The credit rating agency Fitch says U.S. banks could be hit hard by the turmoil in Europe. The warning came late yesterday and sent bank shares tumbling.
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Arab League gives Syria deadline to stop violence
Pressure is mounting against the Syrian government to stop violent protests in the country. If they continue past the three day deadline, economic sanctions are the next step.
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Apple stays quiet on environmental concerns in China
Apple has remained relatively quiet on accusations of unsafe working conditions and environmental concerns in China. But they have hired an outside company to look into the problems.
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Fitch warning causes U.S. stocks to drop
The threat of a European contagion is far from over, and U.S. banks could be hit by their exposure to France and other countries.
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