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Marketplace Morning Report for Tuesday, August 13, 2013

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Episode Description 
U.S. Secretary of State John Kerry visits Brazil today -- and he's got his diplomatic work cut out for him. Brazil is one of the U.S.'s biggest trading partners, and the government there is deeply unhappy over revelations about the NSA's spying program as disclosed by Edward Snowden. Also, we look at a border spat in Europe between Britain and Spain over the British colony of Gibraltar. And, remember Beanie Babies, the plush toy that inspired legions of obsessed fans in the 1990s? Marketplace Morning Report tells the true story of one family who squandered $100,000 snapping up Beanie Babies with the hope the pellet-stuffed critters would one day make them rich.

PODCAST: Mexico seeks to tap its oil resources

People were, in fact, out shopping and buying during the mid-summer. Mexico is sitting on 87 billion barrels of untapped oil, yet production has dropped 25 percent in the last decade. And, tourism industry leaders say early school start dates cut into attendance and revenues at state fairs and other summer events.

A new, cheap iPhone from Apple?

Apple is expected to roll out new iPhones next month, and rumor has it a cheap one is on the way.
Posted In: apple, iPhone

Retail sales edge up in July

People were, in fact, out shopping and buying during the mid-summer.
Posted In: retail sales

Mexico mulls ending oil monopoly

Mexico is sitting on 87 billion barrels of untapped oil, yet production has dropped 25 percent in the last decade.
Posted In: Mexico, Oil

Rumble over 'The Rock': Spain and Britain quarrel over Gibraltar

Three-hundred-year-old resentments over a British colony play into Spain's new restrictions on Gibraltar.
Posted In: Gibraltar, Britain, spain

How one family went bankrupt spending $100,000 on Beanie Babies

A documentary filmmaker tells the story of how his father's obsession with the plush collectables cost the family everything.
Posted In: Collectibles, family finances

NSA revelations cloud Kerry's visit to Brazil

U.S. Secretary of State John Kerry is in Brazil, the U.S.'s biggest trading partner in Latin America, and Brazilians are not happy about recent allegations that the government spied on U.S. friends and allies.
Posted In: brazil, nsa, John Kerry, Edward Snowden

Earlier start dates pit state fairs vs. schools

Tourism industry leaders say early school start dates cut into attendance and revenues at state fairs and other summer events.
Posted In: state fair, schools, Iowa

AmEx's plan to lure gamers: Partner with 'League of Legends'

American Express will reveal a line of "League of Legends"-themed debit cards, in which cardholders can earn rewards points for in-game currency.
Posted In: american express, league of legends, video games, gamification

Music from this show

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In And Out Of Days
C-Mon & Kypski
Flim
Aphex Twin
Sonic Armada
Air
You Wish You Were Red
Trailer Trash Tracys
Wraith Pinned To The Mist And Other Games
Of Montreal