Marketplace Morning Report for Thursday, November 29, 2012
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Insider trading charges could be coming to one of the nation’s biggest hedge funds: SAC Capital Advisors. But will the hedge fund's owner be implicated? Strong unions and labor laws have kept struggling carmakers from cutting plants in Germany, but that may be about to change. An effort to build the Western Hemisphere's largest seawater desalination plant faces a crucial test today. San Deigo's regional water agency will vote on whether to buy all the water the plant would produce.
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The Commerce Department has revised up its GDP growth estimate for the previous quarter, but it's what's inside that counts. And two scintillating new reports: One on the British phone-hacking scandal, another looking into what happened to turn a major bank in Afghanistan into a 'Ponzi scheme.'
Posted In: fiscal cliff, Democrats, Republicans
The polling firm Gallup has gathered new data on how Americans feel about certain key economic phrases such as free enterprise, capitalism, and federal government.
Posted In: UK, hacking, news media, media
UK officials are expected to recommend a new, tougher media regulatory body following a series of phone-hacking, bribery, and data theft abuses by the country's newspapers.
Posted In: desalination, water, california, San Diego
An effort to build the Western Hemisphere's largest seawater desalination plant faces a crucial test today, as San Diego's regional water agency votes on whether to buy all the water the plant would make.
Posted In: insider trading, hedge funds
Insider trading charges could be coming to one of the nation’s biggest hedge funds: SAC Capital Advisors. But will investigators implicate the hedge fund's owner?