06/06/12
Marketplace Morning Report for Wednesday, June 6, 2012
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Episode Description:
Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? The recession has boosted the number of Americans on food stamps to 44 million -- nearly double pre-recession levels.
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Former union leader Andy Stern reacts to Walker victory
Scott Walker's victory yesterday dealt a blow to organized labor in Wisconsin and may have broader implications nationwide. Andy Stern, former head of the Service Employees International Union, gives us his reaction.
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NASDAQ considers compensation for Facebook glitch
Published reports today suggest NASDAQ is working on a plan to compensate brokerages that lost perhaps $100 million when software fouled up the start of trading in Facebook's IPO last month.
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Euro crisis tests role of ECB
There was no cut in interest rates from the European Central Bank today, but some would like the ECB to take action soon.
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Should central banks be doing more?
There's been more and more talk of the world economy slowing down. Still, the European Central Bank isn't changing its interest rate, and the Federal Reserve hasn't budged yet.
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In Wisconsin, union leaders hold out hope for November
Despite Gov. Scott Walker's victory in the Wisconsin recall elections yesterday, union leaders are optimistic about their cause for the general elections in November.
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PODCAST: Bad tenants and advice to live longer
Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? The recession has boosted the number of Americans on food stamps to 44 million -- nearly double pre-recession levels.
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Foreclosures are latest TV fodder
Spike TV is introducing a new show this summer, "World's Worst Tenants," which will act out crazy-but-true stories of foreclosures and evictions.
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Obama to visit upper-middle-class black L.A.
Neighbors say they are more economically vulnerable than white counterparts.
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Senators get briefing on Dodd-Frank progress
Implementation of the financial industry overhaul is still a work in progress. More than half of the 400 new rules have missed their deadlines.
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Rising use makes food stamps a target
The recession has boosted the number of Americans on food stamps to 44 million.
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Wordplay: Defining 'austerity,' 'sequester' and 'equity'
Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? Senior producer Paddy Hirsch explains their actual definitions.
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Big labor reels after Scott Walker victory
Republican Scott Walker won the recall election in Wisconsin yesterday which may have implications for organized labor in other states.
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Germany feels pressure of euro crisis
The credit rating agency Moody's downgraded seven German banks today, noting their exposure to Europe's debt problems and slower economic growth.
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