08/22/12
Marketplace Morning Report for Wednesday, August 22, 2012
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Episode Description:
After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia. Tomorrow, in a New York City courtroom, a bankruptcy judge will decide if another couple billion dollars can be given back to victims of Bernie Madoff's Ponzi scheme. And from late night feedings to the teenage years, there's no question that having children comes with some emotional costs. But what about cold, hard cash?
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Jimmy Kimmel moves into prime late-night spot
Late night TV is about to go where it's never gone before. ABC says starting in 2013 it's moving 'Jimmy Kimmel Live' a half hour earlier, to compete head-to-head with Letterman and Leno.
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PODCAST: Jimmy Kimmel makes a move, a picnic table gets a motor
After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia. Greece has officially asked for more time to make financial reforms required by its bailout agreement with Europe. And late night TV is about to go where it's never gone before. ABC says starting in 2013 it's moving Jimmy Kimmel Live a half hour earlier, to compete head-to-head with Letterman and Leno.
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BHP Billiton profits fall, Greece still under pressure
Shares of BHP Billiton are down this morning, after the mining giant saw profits fall for the first time in three years.
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Beer makers look to emerging markets
Today, the Dutch beer giant, Heineken, says its facing sluggish growth because of lagging demand in Europe. It seems, on the whole, Europeans aren’t drinking away their sorrows over the debt crisis – not with beer anyway.
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Regulators announce rules to ease pain for underwater homeowners
Federal regulators announced new rules that should make it easier for underwater homeowners to sell their houses.
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Court shoots down EPA rule on pollution
Power plants and air regulators are working through the implications of a new court ruling this morning. The decision shot down an air pollution rule from the Environmental Protection Agency. Now regulators have to go back to the drawing board.
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In Nigeria, former bandits getting government pay
From Nigeria, the Wall Street Journal has a provocative piece this morning on how the country's protecting its oil industry. The government's paying warlords, thieves and terrorists to guard the same oil pipelines they once plundered.
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How Russia joining the WTO impacts the U.S.
After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia.
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Private rail tries for comeback in Florida
A private firm will offer service between Miami and Orlando, trying to prove that private rail service can compete with Amtrak.
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Judge mulls additional payment to Madoff victims
At issue: Should part of the money earmarked for victims be set aside for interest on lost investments?
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The costs of raising a child
Breaking down the numbers of raising a family. The Department of Agriculture estimates middle-income families will spend about a quarter of a million dollars raising one child.
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With home building up, will McMansions return?
Nationwide, home-building permits are at a four-year high. But coming off the Great Recession, is there a market for luxury homes?
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