Marketplace Morning Report for Tuesday, August 2, 2011

Episode Description 
Marketplace Morning Report for Tuesday, August 2, 2011

Where's the debt ceiling after-party?

Analyst Juli Niemann explains that the U.S. Congress says it made tough choices -- without actually having made all those tough choices.

The debt ceiling and student loans: How the deal could affect your education

Some of the federal savings will come at the expense of graduate students who are losing a subsidized loan program which doesn't charge them any interest until months after they graduate.
Posted In: Education

After debt drama, Putin calls U.S. a "parasite"

Russian Prime Minister Vladimir Putin is "living beyond its means" and world should move away from U.S. dollar as reserve currency.
Posted In: Russia

FAA dispute centers on rural subsidies, union fight

Congress may not come to a decision on the FAA budget for at least month, curtailing about $200 million a week in tax revenues. That means no work for 4,000 agency employees and 70,000 construction workers.
Posted In: Airlines

What happens to a country after a debt downgrade?

In Japan, a debt downgrade meant a generation of workers struggled to break away from hourly work to get into the more stable, salaried work-force.
Posted In: Jobs

Health care on the chopping block in an age of austerity

Medicare and health care cuts are back on the table in Washington as the debt-ceiling deal heads to the Senate for a vote this morning.

Senators meet on mortgage servicers

Right now there are no rules governing mortgage servicers, the people who take a borrower's monthly payments and distribute the money to investors. The Senate Banking Committee debates some new standards today
Posted In: Housing

D.C. Metro's escalators cause transit nightmare

Only 60 percent of the Metro's 600 escalators in Washington, D.C. are functioning at any one time, adding an obstacle to riders' commutes
Posted In: Transportation

Iceland strongly recovering from bankruptcy

Iceland's entire financial system collapsed three years ago, and despite being unable to bail itself out of trouble, the country is already recovering quickly and strongly. What can the Eurozone learn from this?

Labor too expensive? Get a robot

Chinese factory owner Foxconn assembles iPads and iPhones and has now announced that in the next few years it will replace a portion of its workforce -- with robots.
Posted In: Science, apple

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