Marketplace Morning Report for Wednesday, October 23, 2013
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The debt ceiling debate is back. But don't worry, this time it's in Australia. The newly elected conservative government there needs to raise its limit on new borrowing, and there are echoes of the debate that brought the U.S. to the brink of default last week. JPMorgan Chase, the biggest of banks, is reportedly close to paying $6 billion to settle claims by big institutional investors that they were sold bad mortgage-backed securities. That's not to be confused with the other settlements JPM is confronting, including the possible $13 billion one with the federal government. And, tonight is game one of the World Series. In an era of TV that's easy to time-shift, people watching live is a big deal for advertisers.
Listen to more audio from this episode
The SEC considers rules for allowing companies to raise money online. The city of Detroit tells a judge it can't pay for the $18 billion in long-term liabilities it has accumulated.
Posted In: Detroit, Detroit bankruptcy
The city says it can't pay for the $18 billion in long-term liabilities it has accumulated.
Posted In: JPMorgan Chase, mortgage fraud
The biggest of the banks is reportedly gearing up for another massive settlement, but that may not be JPMorgan's biggest problem.
Posted In: LeVar Burton, Reading Rainbow
It's hard to have a conversation with LeVar Burton about Reading Rainbow without getting the show’s iconic theme song stuck in your head.
Posted In: star trek, Reading Rainbow, Gene Rodenberry
LeVar Burton sits down to talk with Marketplace Tech. Plus, check out our LeVar Burton quiz. We'll give you a plot line, and you tell us: Is it a "Star Trek" episode? Or a "Reading Rainbow" book?