06/15/11
Marketplace Morning Report for Wednesday, June 15, 2011
Episode Description:
Marketplace Morning Report for Wednesday, June 15, 2011
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California: More urban rentals, fewer suburban homes
According to UCLA's quarterly economic forecast, more Californians are renting in the cities than buying suburban McMansions. UCLA's Jerry Nickelsburg explains.
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Greek strikes over austerity turn violent
Richard DeKaser, economist with the Parthenon Group, explains why budget cuts in Athens sparked such violent protests, and connects the situation in Greece to U.S. negotiations over the debt ceiling.
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Tanzania lawmakers move to divert personal profits to social funds
According to Tanzania's opposition party, 13 percent of the country's budget is spent on stipends for members of parliament. Now, many politicians are moving to give up their stipends to help their constituents.
3
Rule proposed to regulate college credit hours
The House Education Committee will take up a bill today aimed at better controlling federally backed student loans and student debt. One new rule would define how accredited schools could define a credit hour.
1
Postal service industry leaders gather to discuss the future of snail mail
Last month, the United States Postal Service announced a $2.2 billion loss for the first quarter of 2011. With more and more transactions like bill payments occurring online, what does the future look like for the USPS?
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U.K. banks expected to 'ring fence' retail arms
The British government is set to unveil new legislation that would separate retail banking from riskier investment banking. The changes aim to reduce the risk of future bailouts.
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French minister pressures Air France to buy Airbus planes
Members of the French parliament are pressuring Air France to place a large order with the French plane-maker Airbus over US company Boeing.
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Dodd-Frank: More rules get delayed or weakened
One year after the passage of the Dodd-Frank financial overhaul, key regulators keep delaying or weakening new rules and regulations. The Commodities and Futures Trading Commission is also proposing to push back impending deadlines.
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Online bank ING Direct to be sold
In return for a government bailout during the financial crisis, the Dutch financial services giant is selling its big U.S. online bank.
1
Pfizer tries to extend its Viagra patent
If drugmaker Pfizer loses a court battle today to generic manufacturer Teva over patent protection, the famous blue pill will be more cheaply available.
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