Marketplace Morning Report for Wednesday, December 5, 2012
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A deal has been reached to end an eight day strike at the ports of Los Angeles and Long Beach, which handle almost half of all the cargo that arrives by sea in this country. The strike prevented billions of dollars of goods from being delivered. In other strike news, students at Emory University in Atlanta took over part of an administration building yesterday to protest cuts to liberal arts programs. And there may be some backroom dealing on Capitol Hill to avoid the fiscal cliff. But don't expect any any gifts to be exchanged. The House Ethics Committee has issued a memo called "holiday Guidance on the gift rule.
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Netflix and Disney -- is this the most magical match on earth? We'll also talk about Citigroup: Shrinking to suit the times. Working out the skills mismatch between future workers and the companies that need them. The plan to use hedge funds to pay more to Nobel prize winners. And the U.S government tries to make you feel better about both the zombie apocalypse and that other one that happens in 16 days.
Posted In: netflix, disney, streaming, movies
The value of Netflix stock soared by around 14 percent Tuesday, after the company announced it had clinched an exclusive deal to show first-run Disney movies.
Posted In: fiscal cliff, Europe debt crisis
If the U.S. falls off the fiscal cliff at the end of the year, countries across the pond could also suffer the effects.
Posted In: university, budget cuts, Emory University
Emory University students took over a hallway in an administration building yesterday to protest a reorganization announced at the Atlanta private college that will close several departments and degree programs.
Posted In: Jobs, skills gap
New McKinsey report finds employers are pessimistic about how well young people are prepared for skilled jobs.
Posted In: Nobel Prize
The Nobel Foundation's investments haven't done well, forcing the foundation to cut the size of its cash awards. Now it's increasing investments in hedge funds.