Marketplace Morning Report for Tuesday, September 18, 2012

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Episode Description 
You're going to hear a lot today about a videotape that has emerged from a Mitt Romney fundraiser. It features Mitt Romney describing 47 percent  of the country as people who pay no income tax and can't be convinced not to vote for President Obama. Federal regulators are looking into something strange that happened yesterday in the oil markets. Prices plunged more than $3 a barrel in less than a minute. And the federal farm bill expires at the end of this month. It appears that rather than passing a new one right now, Congress will extend the current law for a few months until after the election. That means lawmakers will put off decisions, like whether to replace direct subsidies for farmers with new forms of support.
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PODCAST: Romney's '47 percent' and oil prices

Mitt Romney said 47 percent of Americans pay no income taxes. What are the numbers behind that comment? We take a look at what's going on with oil prices, why sales of Apple's iPhone 5 may help shipping companies, and explore the reasons behind the rise in transit ridership. Plus, researchers have found that there are more jobs than expected that pay between $35,000 and $72,000 without a university degree.
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Questions linger over dropping oil prices

Mid-day yesterday oil prices dropped three dollars in about a minute -- and they have kept falling ever since.
Posted In: Oil, high-frequency trading
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The numbers behind Mitt Romney's 47% comment

Mitt Romney is standing by his words from a private fundraiser that were caught on videotape. In the video, Romney says 47 percent of the country pay no income tax and are therefore predisposed to vote for President Obama.
Posted In: Taxes, Mitt Romney
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What's good for iPhones is good for FedEx

Apple says it received two million orders for the iPhone 5 in the first 24 hours of availability. That is good news of course for Apple. It's also good news for shipping companies like Fed Ex.
Posted In: iphone 5, China, fedex, shipping
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Oil prices hit steep plunge yesterday

Federal regulators are looking into something strange that happened yesterday in the oil markets: Prices plunged more than $3 a barrel in less than a minute.
Posted In: Oil
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Mitt Romney criticized over comments about taxes

Republican presidential candidate Mitt Romney says 47 percent of Americans pay no net income tax -- ergo, they are predisposed to vote for President Obama. We break down the numbers.
Posted In: Mitt Romney, 47 percent, Taxes
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Transit ridership rises in second quarter

If you commute to work this morning, how are you getting there? The American Public Transportation Association says lots more of us are taking the bus or the train, according to its latest transit ridership report.
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29 million middle-class jobs that don't require a B.A.

Researchers find more jobs than expected that pay between $35,000 and $72,000 without a university degree.
Posted In: bachelor's degree, university, middle-class
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Some see energy in abandoned wells

An oil well may seem pretty useless when the light sweet crude stops flowing. In Texas, researchers and entrepreneurs see a chance to recycle old wells and create geothermal power.
Posted In: energy, Oil, geothermal energy, texas
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Would a new farm bill save money?

Only if crop prices stay high, according to a recent economic study.
Posted In: farming, farm bill

Music from this show

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The Oh So Protective One
Girls
Surprise Stefani
Dan Deacon
Changes (Shlohmo Remix)
LOL Boys
deja vu
Yesterdays New Quintet
I Got The... (2006 Digital Remaster)
Labi Siffre

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