Marketplace Morning Report for Wednesday, May 15, 2013

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Episode Description 
New figures out today from euro zone countries show the European Union's economy has been getting weaker for six straight quarters -- a year and a half of contraction. France was officially in recession. We take you to the continent to find out what it all means. And, seven years ago, Congress passed the Military Lending Act to prevent financial abuse of soldiers. But is it helping? Creative lenders are still finding ways into this lucrative market, and military families continue to fall into high-interest, quick-cash loans.

PODCAST: Retailers react to Bangladesh; oil companies raided in Europe

A look at how new retail figures impact the economy. After last month's collapse at a garment factory, retailers around the world are responding in different ways. The European Commission is investigating a potential price manipulation scheme among oil companies. A Senate committee on governmental affairs looks at 380 ways “to make Washington more efficient.”

Retail makes modest gains

A look at how new retail figures impact the economy.
Posted In: Retail

World's largest flawless diamond up for auction

Today, Christie's will auction off a rare 101 carat diamond that is expected to fetch $20 million to $30 million.
Posted In: auctions, Christie's, diamonds

3 oil companies raided by European officials

The European Commission is investigating a potential price manipulation scheme among oil companies.
Posted In: big oil, BP, price fixing, Europe

Retailers around the world react to Bangladesh fire

After last month's collapse at a garment factory, retailers around the world are responding in different ways.
Posted In: Bangladesh, foreign workers, workplace safety, Retail

Euro zone economies shrink for sixth straight quarter

France is in recession, while Germany's economy has expanded.
Posted In: Euro Eurozone, European Union, France, Germany

380 ways to make the government more efficient (Video)

A Senate committee on governmental affairs looks at 380 ways “to make Washington more efficient.” What’s likely to be the fate of this cost-cutting initiative?
Posted In: federal government, efficiency

The battle against high-cost lending to military families

Five years ago, the U.S. military banned payday and title-loans to military families, but small-dollar, high-interest lenders are getting around the Military Lending Act.
Posted In: military, installment loans

Department stores confront slow economy and online sales

It's a big week for department-store earnings. How are they faring in the stutter-step economic recovery?
Posted In: Earnings, Macy's, retail sales

Music from this show

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Packt Like Sardines In A Crushed Tin Box
Radiohead
Koop Island Blues
Koop
One for Bielski
Lack Of Afro
Philosophy
Hollie Smith

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