Marketplace Morning Report for Wednesday, December 28, 2011

Episode Teaser Image 
Episode Description 
San Francisco has raised to the minimum wage to over $10 an hour, and that will effect the cities famed restaurants. On the other side of the country, negotiations will start today in New York between building owners and the union representing the people that clean those buildings. As the 10 year birthday of the euro approaches, David Brancaccio looks back at how Marketplace's resident poet described the deal at the time.

Links from this show

See the Playlist

Looking for a segment from one of our past episodes? Browse by keyword or episode air date.

What the Strait of Hormuz means for world oil

Iran's navy chief said today his country could very easily close the world's most important oil transit channel. The threat to close it comes after the West imposed more sanctions on Iran over its nuclear program.
Posted In: Iran, Oil

Iran oil blockade unlikely to go through

Halting, or even dislocating, the flow of one-fifth of the world's oil supply could send the price of crude into the stratosphere. But the oil market doesn't appear to take the threat seriously.
Posted In: Oil, Saudi Arabia, oil prices

Obama nominates two for Federal Reserve board

The Obama administration hopes that the Senate will approve its two appointees -- one Democrat, one Republican -- to the Federal Reserve board.
Posted In: Federal Reserve, politics, Obama

Iran reacts to U.S. threat of nuclear sanction

Iran has threatened to send military ships to block the Strait of Hormuz if President Obama signs a bill to impose sanctions to keep Iran from making nuclear weapons.
Posted In: Iran, Oil

PODCAST: Blocking the waterway, blocking the oil

San Francisco has raised to the minimum wage to over $10 an hour, and that will effect the cities famed restaurants. On the other side of the country, negotiations will start today in New York between building owners and the union representing the people that clean those buildings. As the 10 year birthday of the euro approaches, David Brancaccio looks back at how Marketplace's resident poet described the deal at the time.
Posted In: Oil

Mid-day Extra: Occupy Wall Street is history

A number of museums are already collecting Occupy Wall Street materials in the hopes for future exhibits. Is it too soon?
Posted In: Occupy Wall Street, museums

Italian bond sale, Iranian threat impacting markets

Iran has repeated its threat to block the Straight of Hormuz where about a-fifth of the world's oil passes through. In Italy today, investors seemed happy to buy up the country's debt.
Posted In: italy, bonds, Iran

Blocking Strait of Hormuz would affect gas prices immediately

Iran has threatened to block the strait if President Obama signs a bill to impose sanctions to keep it from making nuclear weapons. The impact on oil prices worldwide would be major and immediate.
Posted In: gas, Strait of Hormuz, Iran

San Francisco minimum wage is first to top $10

One industry -- restaurants -- feels the city's minimum wage policy especially hard.
Posted In: minimum wage, restaurants, San Francisco

As euro turns 10, a look back at its history

It'll be the euro's 10th anniversary come New Year's Day. What economists predicted back then, and how true it holds now.
Posted In: euro, Europe debt crisis

NLRB board vacancies could stall major labor decisions

The National Labor Relations Board is about to lose the ability to enforce the nation's labor laws. On Dec. 31st, three of the five seats on the Board will become vacant. Without a quorum, the NLRB cannot decide cases.
Posted In: National Labor Relations Board, labor, politics

New York union workers threaten strike

A strike by the union representing office building workers hasn't happened in more than a decade, but Occupy Wall Street and the 99 percent mentality have given union members more confidence lately.
Posted In: strike, unions, New York

Other nations promise help if Iran cuts off oil supply

Oil prices are down a bit this morning after a Saudi oil official said his country would pump more crude. That follows Iran's threat to block the Strait of Hormuz, where about one fifth of the world's oil passes through.
Posted In: Oil, Saudi Arabia, Iran

Music from this show

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

Running Girl
Ooberman
Gold On The Ceiling
The Black Keys
Bess St.
White Denim
In The Grace Of Your Love
The Rapture
Tel Aviv
Fool's Gold