May 29, 2013

Marketplace Morning Report for Wednesday, May 29, 2013

Mighty Germany gets a wake up call about jobs. Booksellers and publishers gather in New York City for the biggest publishing event in North America -- BookExpo. Even in the face of fierce digital competition from giants Amazon and Apple, independent retailers aren't buckling. And what's next for federal student loan rates?

Segments From this episode

As drought lowers Colorado River, conserving water gains urgency

by Shannon Mullen

May 29, 2013

40 million people depend on the Colorado for drinking water. 15 percent of the nation's food supply comes from fields irrigated by it.

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As e-books rise, smaller book stores are still growing

by Gigi Douban

May 29, 2013

As the publishing industry comes together at BookExpo America in New York, e-books are all the rage. How are smaller stores hanging on so well?

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Money laundering goes virtual? U.S. accuses Liberty Reserve of moving billions

by Queena Kim

May 29, 2013

The Feds have accused Liberty Reserve of moving $6 billion for criminals involved in credit card fraud and Ponzi schemes by converting cash to virtual currency.

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BBC World Service

Mighty Germany gets a wake up call about unemployment

by Steve Evans

May 29, 2013

The number of unemployed Germans rose more than four times what analysts had expected in May. Still Europe's largest economy held onto its jobless rate of 6.9 percent -- lower than the majority of euro zone countries.

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Congrats, you graduated! Now what about those student loans?

by Adriene Hill

May 29, 2013

Despite some movement in Congress to alter the trajectory of what you might consider an incoming personal finance missile, interest rates on some government backed student loans are set to double on July 1.

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Weather Economy

Tornado victims worry first response donations won't cover long-term needs

by Krissy Clark

May 29, 2013

Last week's tornado in Moore, Oklahoma could cost insurance companies $3.5 billion, according to Risk Management Solutions.

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Is the era of super-low mortgages over?

by David Brancaccio

May 29, 2013

The value of the benchmark 10-year Treasury note is down, amid signs the U.S. economy is gathering strength. The yield is up to 2.14 percent, and 30-year mortgage rates are inching close to 4 percent, the highest in a year.

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Mid-day Update

PODCAST: Mortgage rates spike, Colorado River drops

by David Brancaccio

May 29, 2013

Is the era of super-low mortgages over? Tornado victims worry first response donations won't cover long-term needs. And, as drought lowers the Colorado River, conserving water gains urgency.

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A status update on Facebook's rules about violent speech

by Ben Johnson

May 29, 2013

A growing chorus of women's rights groups called on advertisers to boycott the site for allowing content that promoted sexism and violence towards women.

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Mothers are breadwinners in record 40% of U.S. households: Study

by Queena Kim

May 29, 2013

A new report from Pew shows that moms are now the primary breadwinnner in 40% of U.S. households, but not all super-moms are created equal.

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Mighty Germany gets a wake up call about jobs. Booksellers and publishers gather in New York City for the biggest publishing event in North America — BookExpo. Even in the face of fierce digital competition from giants Amazon and Apple, independent retailers aren’t buckling. And what’s next for federal student loan rates?