07/27/11
Marketplace Morning Report for Wednesday, July 27, 2011
Episode Description:
Marketplace Morning Report for Wednesday, July 27, 2011
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On Capitol Hill, lawmakers hear ratings agencies failed in multiple crises
Ratings agencies: you can't live with them, can't live without them, says New York University Professor Lawrence J. White
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Companies order fewer big ticket items in June
Economist Richard Dekaser says this may be first hard data to prove that debt ceiling debate has worried companies.
1
Congress takes on ratings agencies
A House subcommittee today looks into the role of ratings agencies during and after the financial crisis
1
American economic dominance at risk?
Alan Beattie of the Financial Times discusses why the debt drama in Washington is problematic for the world
3
Chinese bullet train disaster clouds future sales
Public outrage erupted in China after a deadly crash between two high-speed trains this past weekend
2
How are Americans preparing for a possible default?
As the August 2nd default deadline approaches, people are buying up gold coins and locking in mortgage interest rates to prepare for a worst-case scenario.
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The latest trend? Fashion and beauty reality TV
More than 100 new reality TV shows are in the works for summer and fall, and a large swath of them are focusing their lenses on beauty and fashion.
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Big tech companies go after patents
Companies like Google and Apple are in a patent war, going after smartphone patents from defunct tech firms.
3
Arizona's Medicaid cuts leave some patients with few other choices
The state's decision to freeze enrollment in some Medicaid programs is leaving the nearly 6,000 residents with serious medical conditions with few other places to turn.
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