Marketplace Morning Report for Tuesday, December 10, 2013
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The final text of the so-called Volcker rule is set to debut this morning. The controversial centerpiece of the Dodd-Frank financial reform law that came out of the 2008 economic collapse, the Volcker rule will attempt to limit this proprietary trading in the interest of avoiding another taxpayer bailout of Wall Street. Officials in China are worried that credit there got too easy, fueling what might be a speculative bubble. Some Chinese lenders have used borrowing between banks as a disguise for some of their riskier ventures. But interbank lending is a bedrock part of the legitimate financial system and some foreign banks are feeling caught up in China's crackdown. And, this week, Marketplace's Wealth and Poverty Desk is taking a deep dive into philanthropy. Today, we meet someone who's learned a few lessons about grant-making, the hard way.
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Mary Barra, the current global head of product development at GM, will become chief executive in January. The Volcker Rule went public today. And, Nobel Prize in Economics winner Lars Peter Hansen discusses his work.
Posted In: nsa, NSA leaks, World of Warcraft
Virtual worlds already have “bad guys” -- and company spies.
Posted In: jetpack
A New Zealand company is building jetpacks. Yes, jetpacks.
Posted In: Qualcomm, internet of things
Wireless technology company Qualcomm has been building a new way for all our devices to communicate, and it just made the source code of this new protocol public.
Posted In: General Motors, Mary Barra
Mary Barra, the current global head of product development at GM, will become chief executive in January.
Posted In: higher education, gender gap, women
A new study suggests that having more women getting degrees from Stanford or Harvard matters far less than having more women getting degrees in engineering or business.
Posted In: Nobel Prize
Nobel Prize in Economics winner Lars Peter Hansen discusses his work.
Posted In: philanthropy, foundations
One philanthropist passes on lessons she's learned, including the risks of "following your passion" without doing your homework
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