Marketplace Morning Report for Wednesday, July 11, 2012

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Episode Description 
In Ceder Falls, Iowa, the brokerage firm Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code amid accusations from federal regulators that Peregrine misused customer funds. In Washington today, the House Agriculture Committee is set to take up the Farm Bill -- which sounds like legislation that's all about farming, but in fact about three-quarters of it goes to fund food stamps and other nutrition programs. And in today's Money Matters segment, we focus on the financial decisions that families face when caring for an elderly relative.
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The appeal of picking the first option

We live in a world full of options: 50 different kinds of cereal, hundreds of iPhone apps. But a new study has found that people consistently choose the options that are thrown at us first.
Posted In: mid-day extra, poor choices, study
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PODCAST: The best states to do business, the best Internet cat videos

In Ceder Falls, Iowa, the brokerage firm Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code amid accusations from federal regulators that Peregrine misused customer funds. In Washington today, the House Agriculture Committee is set to take up the Farm Bill -- which sounds like legislation that's all about farming, but in fact about three-quarters of it goes to fund food stamps and other nutrition programs. And in today's Money Matters segment, we focus on the financial decisions that families face when caring for an elderly relative.
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Tax rates hit historic low in 2009

A new report from the Congressional Budget Office says the tax rates paid by most Americans were at near-record lows in 2009. Who's paying less, who's paying more, and what's causing the change?
Posted In: Taxes, CBO, income tax
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Peregrine Financial shakes futures industry

The allegations against brokerage firm Peregrine Financial shed light on weak regulations of the futures industry. Analysts point to MF Global missing funds similarities.
Posted In: bankruptcy, Peregrine Financial, regulation
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The best states for business in 2012

CNBC has come out with its annual ranking of the best states for business. This year, Texas was number one.
Posted In: cost of living, states, Top 10 States
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American Airlines could be soaring towards merger

AMR, the parent company of American Airlines, says it is reaching out to other airlines in search of a merger. US Airways has previously shown very public interest in joining forces.
Posted In: airplanes, American Airlines, US Airways
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Peregrine Financial bankruptcy spotlights weak regulation

Brokerage firm Peregrine Financial is liquidating amid allegations that it defrauded customers and lied to federal regulators.
Posted In: Peregrine Financial, MF Global, bankruptcy
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Russia could pass controversial Internet bill

If you load the Russian version of Wikipedia today, you'll find a big pink bar across the top. And the site shut itself down completely yesterday to protest an Internet bill that looks likely to pass the Russian parliament. Human rights groups are also up in arms.
Posted In: Russia, Internet, internet censorship
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The costs of taking care of an elderly relative

Taking a look at how to provide for an elderly relative who is having trouble taking care of himself or herself.
Posted In: Money Matters, elderly
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Peregrine Financial Group to liquidate under Chapter 7

Last night, Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code, amid accusations from federal regulators that Peregrine defrauded customers and hid losses.
Posted In: Peregrine Financial, bank regulations, shortfall
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A new CEO still may not save Yahoo

It's widely expected that interim CEO Ross Levinsohn will get the permanent title at today's shareholders meeting at Yahoo. But will anything change for the struggling company?
Posted In: Yahoo
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Why are food stamps part of the Farm Bill?

The food assistance program grew from rural efforts to get urban support for farm subsidies.
Posted In: food stamps, farm bill
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Legislators rule prediction of rising sea out of bounds

North Carolina's legislature put aside the latest predictions of rising sea levels, for coastal planning purposes, in favor of more study. Long-term predictions of a three-foot rise by 2010 could needlessly hurt development, critics said.
Posted In: North Carolina, rising sea level, oceans

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Southbound
Blue Scholars
Milky Way 2001 (Radio Edit)
Joker
Charango (Feat: Pace Won)
Morcheeba

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