Marketplace Morning Report for Wednesday, June 15, 2011

Episode Description 
Marketplace Morning Report for Wednesday, June 15, 2011

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.
Posted In: Housing

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.

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.

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.
Posted In: Education

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?

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.

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.
Posted In: Airlines

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.
Posted In: Wall Street

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.
Posted In: Banks

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.
Posted In: Health

Music from this show

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Ice Cream (Featuring Matias Aguayo)
You Said Something
Pj Harvey
Wise Dread (Instrumental)
DJ Drez
Modern Man
Arcade Fire
Go With You
Toro Y Moi

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