Marketplace Morning Report for Thursday, November 3, 2011

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Episode Description 
The drama in Europe continues as the Greek government teeters on the brink. The protests of Occupy Oakland heat up and turn violent, after the city's port was shut down early this morning. Food stamps could be on the chopping block with budget cuts in Washington. Groupon goes public, and drug maker GlaxoSmithKline will dish out a $3 billion settlement, in part for Medicaid fraud.

New law in Cuba could help ease housing shortage

Reports are out that Cuban citizens can now buy and sell property for the first time since the country's Communist revolution.

In Europe, uncertainty kicks up a notch

News from Greece this morning is showing the potential for a big political shake-up. That's leaving European and U.S. markets on unstable footing.

Reports: Greek leader calls off referendum

Greek Prime Minister George Papandreou has reportedly called off a popular vote on austerity cuts after European leaders said the vote would jeopardize a planned bailout.

GlaxoSmithKline reaches $3 billion settlement

The British drug maker will pay the U.S. government a big settlement, in part because of a Medicaid fraud scheme.
Posted In: Health

Why Occupy Oakland protesters chose the port

As protests heat up in Oakland, we speak to someone on the streets about why they chose the port and what they hope to get out of it.
Posted In: Transportation

Groupon goes public

Groupon Inc.'s IPO could be the biggest test yet of how private trading of shares of hot startups like Facebook Inc. before they go public may impact secondary private markets like SecondMarket and SharesPost.

Occupy Oakland clashes with police

The Port of Oakland was shut down early this morning, and some of the protesters are turning violent.

Pressure mounts on European leaders to solve crisis by December

Leaders of the G20 meet in France today as a new deadline emerges for European leaders to solve the debt crisis: December 4.

Occupy Oakland shuts down port

The Occupy Oakland movement forced the port authority to call off the night shift because some say the port is a symbol of wealth and capitalism.
Posted In: Wall Street

For Deutsche Post, privatizing was a smart move

Germany's postal service is often touted as a privatization success story. Should the U.S. Postal Service follow in its footsteps?

Mid-day Extra: One-stop holiday shopping

Banana Republic has teamed up with the California winery Clos du Bois to sell two limited edition bottles.
Posted In: Retail, wine, holiday shopping

Highly concentrated poverty on the rise

More Americans are living in communities with poverty rates of at least 40 percent, especially in the the Midwest, the South and in the suburbs. A new report from Brookings says it's harder to escape such concentrated poverty.
Posted In: Economy

Food stamp budget could face cuts

The federal budget for food stamps doubled during the recession, but major cuts to the program are now on the table.

Music from this show

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In The Grace Of Your Love
The Rapture
Classics
Ratatat
Lost & Found Compilation
DJ Cam
I Got That Work