11/23/11
Marketplace Morning Report for Wednesday, November 23, 2011
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China has just surpassed the United States as the biggest smartphone market in the world. Smartphones here at home are helping consumers to find the best deal this holiday season. Holiday travel could be hindered by fewer flight delays and cancellations, thanks to new government penalties.
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New round of stress tests planned for biggest U.S. banks
The Federal Reserve says it will launch a new round of stress tests on the biggest U.S. banks -- the ones that remain "too big to fail"
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Has the debt crisis spread to Germany?
A disastrous bond sale creates fears of European contagion spreading to Germany today.
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Leading U.S. banks to undergo Fed stress tests
The Federal Reserve will test the six biggest banks in the U.S. to see if they could withstand a fallen European economy, and high unemployment here at home.
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PODCAST: Stress tests are back, China loves smartphones
China has just surpassed the United States as the biggest smartphone market in the world. Smartphones here at home are helping consumers to find the best deal this holiday season. Holiday travel could be hindered by fewer flight delays and cancellations, thanks to new government penalties.
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Mid-day Extra: Are presidential debates free advertising?
This year has had an unusual number of Republican presidential debates on television. Does this help candidates without much money hold on longer than they should?
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Germany struggles to sell its debt
The country that's considered the strongest in the eurozone had a hard time convincing investors to lay down cash for its debt today, which means the troubles going on in Europe could be entering a new phase.
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Do-gooder had good timing on housing boom
Kim Carter used to be an addict and convict, but now she's created a foundation to help women get back on their feet. She took advantage of the housing bubble and avoided predatory lending, and thus has been able to provide housing for those in need.
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Retailers hope customer service trumps technologies
As more and more consumers use smartphones and apps to find the best deals, brick and mortar retailers are ramping up customer service and expertise to gain an edge.
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Who's to blame for tarmac delays?
The incidents of passengers getting stranded in a plane on the tarmac are actually down, thanks to steep new penalties enforced by the government. Airlines get the fines, but they may not be the only ones at fault.
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The Federal Reserve to start stress tests on U.S. banks
Even after stress tests on European banks were deemed unsuccessful, a new process will now seek to determine how U.S. banks will react in the case of a European financial crisis.
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Germany reluctant to agree to eurobonds
The European Union has the same currency, but not the same borrowing process, between the 17 members. Some would like to change that, but Germany is against it.
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China surpasses U.S. to become biggest smartphone market
China is now the world's largest smartphone market -- but smartphones there aren't quite the same as the ones Americans are used to.
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Report: Four minute showers ideal for environment, wallet
A new report out by the company Unilever says that while showers use less water than baths, the costs of heating affect both your monthly bills, and the wider environment.
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