Marketplace for 8/12/13
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Attorney General Eric Holder wants an overhaul of mandatory minimum drug sentences. What's the economic thinking behind the proposed changes? Meanwhile, billionaire Elon Musk has revealed details of the Hyperloop, a super-fast transport system he wants to build. In Turkey, the government is trying to figure out what to do with the thousands of Syrians who have left their home nation since 2011. Also, a look at the corn economy, bond fallout from Detroit's bankruptcy, and entrepreneurialism in the Middle East. Finally, we debut a new project called "American Futures," a collaboration with Jim Fallows, The Atlantic's national correspondent. It involves us traveling to small towns across the country. Our first stop: Holland, Mich.
Posted In: american express, league of legends, video games, gamification
American Express will reveal a line of "League of Legends"-themed debit cards, in which cardholders can earn rewards points for in-game currency.
Posted In: municipal bonds, Muni Bonds, Detroit, Detroit bankruptcy
Detroit's bankruptcy last month has sent ripples through the $3.7-trillion municipal bond market, but so far the fallout seems limited to communities in Michigan.
Posted In: Elon Musk, Hyperloop
Today billionaire and inventor Elon Musk released his latest plan into the world: the Hyperloop.
Posted In: syria, turkey, refugee, refugees
About half a million Syrians have fled their country's violent conflict and settled in Turkey. Many are grateful to be taken in but also fearful about being kicked out.
Posted In: tim armstrong, aol, patch
AOL CEO Tim Armstrong was having a conference call last week with Patch employees about shutting down sites and laying off staff, when he did something that surprised everyone.