Marketplace Morning Report for Wednesday, November 14, 2012
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Today California starts a new chapter in its efforts to fight climate change. This morning more than 60 million tons of carbon will go up for auction. Yesterday, President Obama met with labor leaders to talk about the fiscal cliff. Today, he'll talk to a dozen CEOs, but only one comes from Wall Street. Also, what does the fiscal cliff mean for your wallet?
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Signs of big shifts on the way at the Fed and maybe at Netflix. Coming out of the closet in the financial world, more protests in Europe, and whether Kansas City can raise the money for a new streetcar by asking for donations.
Posted In: Federal Reserve, Unemployment
The number two official at the U.S. Federal Reserve, Vice Chair Janet Yellen, has thrown her weight behind a major change in Fed policy. The issue is how the central bank should schedule its stimulus policies.
Posted In: Greece, spain, Germany, austerity
Millions of workers went on strike across Europe today in protest against public spending cuts. Hundreds of flights have been cancelled, car factories and ports have been shut, and rail services disrupted.
Posted In: missouri, start-ups, public transportation, crowdfunding
Kansas City, Mo., couldn't get government money for a new streetcar system. So, they asked residents and businesses to chip in for donations -- in addition to possible a tax hike.
Posted In: carbon emissions, california, utilities, sustainability
Six years after enacting its own law to fight global warming, California conducts its first auction of carbon permits. Companies that give off large amounts of carbon dioxide will need permits to cover the emissions.