Marketplace Morning Report for Wednesday, February 23, 2011

Episode Description 
Marketplace Morning Report for Wednesday, February 23, 2011
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Texas considers dipping into rainy day fund

Governor Rick Perry is against the idea, pushing instead for budget cuts.
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Michigan city hopes for downtown resurgence

Pontiac, Mich., is re-populating some of its empty storefronts thanks to a local development committee.
Posted In: Small Business
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Apple shareholders curious about succession plan

Apple CEO Steve Jobs has been on medical leave since last month. Shareholders are pushing the company to reveal who would take over the company should he leave permanently.
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Greek workers clash with police, each other, over cuts

Workers in Greece have taken to the streets of Athens to protest the government's deep budget cuts to worker pay, benefits and pensions. But this time, workers don't see eye to eye. Joanna Kakissis reports from Athens.
Posted In: Jobs
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Mark Zandi: Short term budget deal only buys time

On Tuesday, Senate Democratic leaders called for negotiations with House Speaker John Boehner, a Republican, on federal spending cuts to avoid any government shutdowns. House Speaker Boehner says he's open to a short term bill, as long it includes cuts to spending. Jeremy Hobson discusses the cuts with Mark Zandi, chief economist at Moody's Analytics.
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Governments find ways to get their citizens out of Libya

As violence continues in Libya, international workers are fighting to evacuate the country. Jeremy Hobson speaks to Peter Thomas, a British teacher, who managed to flee Tripoli to Ankara, Turkey.
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Barclays' Lehman deal backed by New York judge

A New York judge has thrown out a claim accusing British bank Barclays of unfairly purchasing pieces of failed Wall Street firm Lehman Brothers. Lawyers claimed Barclays hurried the deal to earn billions of dollars in profits. Stephen Beard explains.
Posted In: Banks
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China moves to squelch potential protests

As political unrest continues to grow in North Africa, the Chinese government has started to censor information online and detain activists in hopes of avoiding potential protests in China. Rob Schmitz reports that while experts think unrest will not spread to China, an upheaval would be catastrophic for the global economy.
Posted In: China, Internet
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Unrest prompts U.S. review of arms sales

As the chaos escalates in Libya, the Wall Street Journal reports a U.S. review of arms sales and military assistance to countries in North Africa and the Middle East caught up in political and economic turmoil. Janet Babin explains.
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Shipping giant Maersk reports earnings Wednesday

Maersk says it's buying 10 new mega-container ships for cargo. That shows the shipping giant is betting on the recovery when shipping still isn't back to shipshape.

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