Marketplace Morning Report for Wednesday, November 9, 2011
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Italy's borrowing rates climb over 7 percent, and it looks increasingly likely that a technocratic government might need to step in at the end of Silvio Berlusconi's leadership. Italy is also facing another crisis: a shortage of white truffles. A Senate panel looks at the best way to improve transportation infrastructure in the U.S., and the FCC will announce a deal to bring low-cost computers and Internet connections to low-income households.
Today in Italy, citizens are generally happy about the idea that Berlusconi will soon be gone from power. But it isn't fast enough to save the markets.
The Federal Communications Commission is announcing a $4 billion plan today to help bring cable and computer companies together to provide low-cost Internet connections.
We speak to Josh Brown of Fusion Analytics about Italy passing the 7 percent mark on its bond yields, and what that could mean in the coming months.
With the cost of borrowing hitting record highs in Italy, banks, pension funds and insurance companies worry about the repercussions.
Markets are worried as the cost of borrowing in Italy heads over 7 percent, even after plans for Silvio Berlusconi to step down.
Posted In: Health
The individual mandate that would require all Americans buy health insurance is one of the heated issues coming to the Supreme Court as it considers the constitutionality of Obamacare.
With elected officials in the eurozone failing to fix their countries' problems, technocratic governments may rise to take over. But there are downsides in allowing the technical experts to come in.