Marketplace Morning Report for Tuesday, December 24, 2013
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There are reports this morning that a deal is close to compensate the victims of the Rana Plaza collapse in Bangladesh, which killed more than 1,100 garment industry workers last April. Some companies that made clothes there are in talks with the government and labor groups to create a fund to pay victims and their relatives. The New York Times says the settlement could be as much as $40 million. If you're one of those people who still strings cranberries together to decorate a Christmas tree, you're in luck. There's a cranberry surplus. And, wine lovers have something to look forward tonight -- Christmas stockings stuffed with aerators, vacuum pumps, and fancy corkscrews. Wine gadgets are now a multi-million dollar industry. But do any of them actually work?
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Long-term unemployment has not been this high for this long since World War II. And, Netflix comes out with its first original kids' program.
Posted In: mortgage, Federal Reserve, bond buying
Applications for home mortgages in the U.S. have dropped to a record low since the Federal Reserve announced its plans to slow its bond-buying program.
Posted In: Bangladesh, garment factory, labor
Global retailers, labor groups, and the Bangladeshi government have set aside $40 million for victims of the Rana Plaza collapse.
Posted In: wine
The wine accessory business is flourishing in the U.S. More Americans are drinking wine, especially at home.
Posted In: long-term unemployed, Unemployment
Long-term unemployment has not been this high for this long since World War II.
Posted In: school lunch, Cranberries
Cranberry farmers, facing an oversupply, have a plan to create a new market.
Posted In: netflix, children
Netflix comes out with its first original kids' program.