Marketplace Morning Report for Tuesday, October 9, 2012
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New York is revising the gifted and talented student test that pre-schoolers take. The revisions are intended to give the test greater diversity and will mean increased business for test-prep services. If you're watching TV in Ohio, you're no doubt seeing a lot of campaign ads about the coal industry and its jobs. But in Ohio, at least, coal is only a small part of the economy and the work force. Snack makers are out with new flavors every year, many of which get their start in labs off of the New Jersey Turnpike.
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Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner are in India today talking about ways to improve economic ties with the U.S. The Cheesecake Factory is expanding to the Middle East. The IMF is forecasting slower global growth ahead. German Chancellor Angela Merkel is met with protests in Greece today.
Posted In: IMF, Earnings, global economy
The third-quarter earnings season kicked off today with an ominous warning about global growth from the IMF. A weak consolation for Americans is that we are the only major economy where the IMF expects decent growth in the next year.
Posted In: India, Ben Bernanke, Timothy Geithner
U.S. Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke are visiting India today to encourage the Indian market to open up to U.S. firms.
Posted In: Europe debt crisis, Greece, Germany, Angela Merkel
German Chancellor Angela Merkel is in Greece today for her first visit since the European debt crisis began. Greeks aren't laying out the welcome mat though, as masses come out to protest against German-led austerity.
Posted In: IMF, global economy
The International Monetary Fund says economic growth in the world economy is slowing down sharply and that even the U.S. recovery is at risk.
Posted In: Walmart, prepaid cards, american express
Walmart and American Express have teamed up to offer the new Bluebird card. They say it should help people avoid the high fees on checking accounts and debit cards.