Marketplace Morning Report for Tuesday, December 10, 2013

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Episode Description 
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. 

PODCAST: GM picks first female CEO

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.

The NSA’s virtual spies in 'World of Warcraft' -- on a fool’s mission?

Virtual worlds already have “bad guys” -- and company spies.
Posted In: nsa, NSA leaks, World of Warcraft

No flying cars yet, but the jetpack is almost here

A New Zealand company is building jetpacks. Yes, jetpacks.
Posted In: jetpack

Qualcomm's AllJoyn could make the 'internet of things' more of a reality

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: Qualcomm, internet of things

Mary Barra named as first female CEO of General Motors

Mary Barra, the current global head of product development at GM, will become chief executive in January.
Posted In: General Motors, Mary Barra

More women should major in business or engineering to close pay gap: Study

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: higher education, gender gap, women

Nobel Prize in Economics winner Lars Peter Hansen on imperfect models

Nobel Prize in Economics winner Lars Peter Hansen discusses his work.
Posted In: Nobel Prize

China cracks down on interbank lending

But interbank lending is a bedrock part of the legitimate financial system and some foreign banks are feeling caught up in China's crackdown.
Posted In: China, banking, China's Economy

Get excited for V-Day: Volcker Rule day!

Banks are eager to get a look at the rules on hedging -- and they'll also keep an eye on rules for CEO and board members.
Posted In: dodd-frank, Volcker Rule

The realities -- and pitfalls -- of giving away money

One philanthropist passes on lessons she's learned, including the risks of "following your passion" without doing your homework
Posted In: philanthropy, foundations

Kids: Program or be programmed

If you think of a classroom day as an economy, there are some who don’t believe coding should get a piece of it.
Posted In: coding, code.org

Music from this show

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58th St
Gap Dream
Oh Detroit, Lift Up Your Weary Head! (Rebuild! Restore! Reconsider!)
Sufjan Stevens
Carry Out (Featuring Justin Timberlake) [feat. Justin Timberlake]
Timbaland
Please Don't Go
Mike Posner
Dream Operator (2005 Remastered Album Version)
Talking Heads

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