Marketplace Morning Report for Wednesday, August 22, 2012
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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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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.
Posted In: copper, Europe, Greece
Shares of BHP Billiton are down this morning, after the mining giant saw profits fall for the first time in three years.
Posted In: home, Housing, underwater
Federal regulators announced new rules that should make it easier for underwater homeowners to sell their houses.
Posted In: EPA, 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.
Posted In: Nigeria, Oil
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.