Marketplace Morning Report for Tuesday, June 5, 2012

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The seven leading industrialized nations in the world are holding an emergency conference call today about the fate of the euro and the global slowdown. Voters in Wisconsin decide today whether to recall GOP Gov. Scott Walker. At the E3 video gaming conference this week all eyes are waiting to see how Nintendo, Microsoft and Sony will counter growing competition from mobile gaming. And why do the Obama and Romney campaigns both set $3 as the entry-level donation?

Exxon evaluates exporting natural gas

Exxon Mobil is looking to export natural gas to Europe and maybe Asia. CEO Rex Tillerson believes gas could surpass demand for coal worldwide by 2025.
Posted In: natural gas, ExxonMobil, export

Is it time for the U.S. to borrow big?

Spain nears a credit crisis, worldwide markets are down, and U.S. borrowing costs near zero. Some economists argue this economic instant is the best time for the U.S. government to invest in infrastructure projects.
Posted In: spain, Europe debt crisis, U.S., interest rates

Mayor of Stockton tries to avoid city bankruptcy

The city of Stockton, California, population 291,000 is trying to avoid becoming the biggest U.S. city to go bankrupt during this economic downturn.
Posted In: california, bankruptcy, Housing, recession

China orders foreign embassies not to monitor pollution

Today top Chinese officials ordered foreign embassies to stop reporting air pollution levels in China, saying the monitoring by foreigners is illegal.
Posted In: China, pollution, Twitter

PODCAST: Disney limits junk and cars in Singapore cost more than a house

The seven leading industrialized nations in the world are holding an emergency conference call today about the fate of the euro and the global slowdown. Voters in Wisconsin decide today whether to recall GOP Gov. Scott Walker. At the E3 video gaming conference this week all eyes are waiting to see how Nintendo, Microsoft and Sony will counter growing competition from mobile gaming. And why do the Obama and Romney campaigns both set $3 as the entry-level donation?

Cars in Singapore match cost of average U.S. home

Due to rising demand and strict government controls, the price for a permit to buy a car in Singapore has risen to almost $67,000 dollars.
Posted In: singapore, cars

Wisconsin recall vote taps economic divide

Gov. Walker's success in weakening public employee unions inspires opposition -- and admiration.
Posted In: Scott Walker, Wisconsin

Giant video gaming conference E3 gets going in L.A.

And it's all about the game consoles. How will Nintendo, Microsoft and Sony stave off mobile and social games?
Posted In: video games, e3, nintendo, Sony, Microsoft

The magic small political donation number

Why do the Obama and Romney campaigns both set $3 as the entry-level donation?
Posted In: Wealth and Poverty, campaign contribution, 2012 election

San Jose pension vote could set precedent

Voters in the California city today are considering slashing public employee pensions in a ballot initiative that could set a precedent for other cities.
Posted In: San Jose, pension

G7 leaders to hold emergency conference call

Finance ministers from the world's seven leading industrialized nations are holding an emergency conference call today to discuss the eurozone crisis.
Posted In: Europe debt crisis, G7

Putin visits China to discuss partnership

Russia's President Putin is in China today to meet with Chinese President Hu Jintao about oil, natural gas, and a potential economic investment partnership.
Posted In: Russia, China, natural gas, Vladimir Putin

U.N. warns Australia over Great Barrier Reef

The United Nations World Heritage Organization says the Great Barrier Reef may soon be on its endangered list if Australia doesn't control its industrial development in the next eight months.
Posted In: Australia, nature, oceans, United Nations

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Devil's Angels
Davie Allan & The Arrows
C 130
Brownout
All I Want
LCD Soundsystem
Honey Mine
Korallreven