Marketplace Morning Report for Wednesday, October 9, 2013

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Episode Description 
The White House confirmed this morning that President Obama will nominate Janet Yellen as chairwoman of the Federal Reserve. If she is confirmed by Congress, she will be the first woman to hold that position. Yellen is currently the Fed's vice chairwoman and a former member of Bill Clinton's Council of Economic Advisers  We'll find out who she is, and also take a look at the legacy of Ben Bernanke, the man she will potentially be replacing. Also, Walmart experiences a major setback in its quest to become a retail giant in India.
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PODCAST: Janet Yellen nominated to be chair of Federal Reserve

A look at the life and career of President Obama's nominee for chair of the Fed. What would the Fed be like under Chair Janet Yellen, and how is Wall Street reacting to the White House's announcement? And, Warren Buffett's Berkshire Hathaway made a killing off investments in distressed companies during the recession.
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What would the Fed be like under Chair Janet Yellen?

And how is Wall Street reacting to the White House's announcement?
Posted In: Janet Yellen, Federal Reserve, chairman of the federal reserve
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The legacy of Ben Bernanke

The outgoing Fed chairman presided over the worst economic collapse since the Great Depression.
Posted In: Ben Bernanke, Federal Reserve, chairman of the federal reserve
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Who is Janet Yellen?

A look at the life and career of President Obama's nominee for chair of the Fed.
Posted In: Janet Yellen, Federal Reserve, chairman of the federal reserve
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Walmart to buy out partner in Indian stores

Without a local partner, Walmart will be unable to open more stores in India.
Posted In: Walmart, India
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Buffett made $10 billion profit off financial crisis

The Oracle of Omaha's Berkshire Hathaway made a killing off investments in distressed companies.
Posted In: Warren Buffett, financial crisis, financial bailout
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Big data, big quality of life improvements

Cities can make big data more accessible to improve quality of life and make services more efficient,
Posted In: IBM, big data
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NSA's new Utah data center plagued with debilitating meltdowns

Electrical surges at a National Security Agency hub has delayed the center’s opening for over a year.
Posted In: nsa, data storage, surveillance
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Can you find bail bondsman on Silk Road?

There is a bail hearing Wednesday for the alleged mastermind behind the website Silk Road, where users could buy drugs, guns, and even hitmen.
Posted In: Silk Road, hacking, drugs

Music from this show

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Sister curare
Kid Loco
Magic Arrow
Timber Timbre
Tidal Wave
Thee Oh Sees
Crickets Sing For Ana Maria
Walter Wanderley

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