Marketplace Morning Report for Wednesday, July 4, 2012

Episode Teaser Image 
Episode Description 
Happy Fourth of July! Independence Day is a big day for sales of American flags, but when it comes to sales of red, white, and blue, -- we're actually in the red. The so-called "living wills" of the nine largest U.S. banks are now available for viewing. And on the day when we celebrate American independence from Britain, an American, former Barclays CEO Bob Diamond, is about to be hauled before a British parliamentary committee after allegations the bank rigged a key interest rate.
1

PODCAST: Independence Day for U.S., sad day for Barclays

Happy Fourth of July! Independence Day is a big day for sales of American flags, but when it comes to sales of red, white, and blue, -- we're actually in the red. The so-called "living wills" of the nine largest U.S. banks are now available for viewing. And on the day when we celebrate American independence from Britain, an American, former Barclays CEO Bob Diamond, is about to be hauled before a British parliamentary committee after allegations the bank rigged a key interest rate.
0

Former Barclays CEO answers questions on LIBOR rate fixing

Yesterday Bob Diamond resigned as CEO of Barclays Bank, and this hour he's sitting before a Parliamentary committee in London. Parliament is investigating the possible manipulation of interest rates by Barclays and other banks.
Posted In: banking, Barclays, Bob Diamond, Parliament
0

Fireworks sellers going strong despite heat, cancellations

With forecasts of excessive heat, rainstorms, and fire danger, a number of communities are calling off their fireworks celebrations this year. And of course local government budgets have also been under strain lately.
Posted In: fireworks, Fourth of July
0

Where they celebrate Independence Day in the U.K.

George Washington's ancestral home in England, Washington Old Hall, is an historic estate which might be the only place in the U.K. that throws a party for our Independence Day.
Posted In: George Washington, history, Fourth of July, england
0

Newly resigned CEO of Barclays questioned by Parliament

Today the freshly resigned CEO of Barclays Bank goes before a parliamentary committee in London. Parliament is investigating the possible manipulation of interest rates by Barclays and other banks.
Posted In: Barclays, banking, Bob Diamond, anti-trust
0

Mexico to announce official election results

Mexico announces the official results of its presidential election today. Preliminary results showed Enrique Peña Nieto of the Institutional Revolutionary Party won the election, but the runner up is demanding a recount.
Posted In: Mexico, elections
0

In Australia, carbon tax kicks in

In Australia, Aussies are getting used to the first week under a new carbon tax. The country's biggest polluters are paying a steep $24 per ton of carbon emitted -- that's more than twice the cost of carbon permits in the EU.
Posted In: Australia, carbon tax
0

Craft brewers bet on growth

In the business of beer, the big brewers keep getting bigger -- almost 90 percent of beer sold in the U.S. comes from just two conglomerates. But smaller craft breweries are also growing.
Posted In: beer, craft beer, brewery
0

Scant detail in big banks' 'living wills'

The nine biggest banks in the U.S. have submitted plans for how to avoid a taxpayer bailout if they become insolvent. But will these plans work?
Posted In: will, Banks
0

The Stars and Stripes puts U.S. in the red

The U.S. imports more flags -- mostly from China -- than it sells abroad. Coincidence or not, flag exports have fallen since the financial crisis.
Posted In: U.S., import export

Music from this show

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

S'éteint Le Soleil
Yelle
Running Girl
Ooberman
Remind Me In 3 Days... (Explicit Version)
The Knux
Gangsta Boy (Instrumental) [Explicit]
Jake One

Browse the show calendar

S M T W T F S
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
10
 
11
 
12
 
13
 
14
 
15
 
16
 
17
 
18
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31
 
 
 
 

Buzzworthy

Recent comments on our stories..

zingledot's picture

Attack of the shrimp (prices)

This issue has been going on for some time, actually. Anyone in the restaurant business feels this pain. More than a year ago the price for our...

sgardner's picture

Attack of the shrimp (prices)

 If you’re a shrimp lover you may be wondering why you’re paying more for your favorite shrimp cocktail or Pad Thai. It’s actually a bacterial...

emcolligan's picture

Real estate flippers are back!

I'm glad to see others have commented about the thoughtless reference to a pit bull. The Maryland legislature recently passed and Governor O...

NickMullins's picture

When the coal layoffs trickle down

My great grandfather started in the coal mines of Southwestern Virginia in 1936 during a time when logging companies such as W.M. Ritter were...

Connect
Submit your Personal Finance Questions to the Getting Personal blog.

BECOME A MARKETPLACE SOURCE!

Join the Public Insight Network and help us tell the story. Sign Up Now or browse recent questions from the Network below.