Marketplace Morning Report for Wednesday, August 22, 2012

Episode Teaser Image 
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?

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.
Posted In: tv, late night talk shows

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.

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.
Posted In: copper, Europe, Greece

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.
Posted In: beer, emerging markets

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.
Posted In: home, Housing, underwater

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.
Posted In: EPA, pollution

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.
Posted In: Nigeria, Oil

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.
Posted In: Russia, import export, WTO

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.
Posted In: railroad, Florida, Transportation, Amtrak

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?
Posted In: Bernie Madoff

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.
Posted In: babies, family budget, family finances, Money Matters, families

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?
Posted In: home, building, construction, Housing, megamansion, luxury

Music from this show

Click below to purchase songs from this show through our Amazon affiliate.

I Got The
Labi Siffre
Radiance
Oppenheimer Analysis