Marketplace for Friday, December 6, 2013
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The unemployment level has fallen to 7 percent for the first time since 2008, after the Labor Department release surprisingly strong jobs data for November. That news comes less than a month before unemployment benefits run out for more than a million Americans. Plus, the ability of businesses to track your every move has taken a leap forward today as Apple activated tracking beacons in its stores, the latest retailer to enable micro-location technology. And finally, hospitals get penalized for readmissions, so now instead of readmitting Medicare patients quickly, they are "observed" for as long as two days. That way the hospital doesn’t risk getting fined … and Medicare doesn't pay.
Posted In: Weekly Wrap, Unemployment, jobs numbers, taper, stimulus
Heidi Moore from the Guardian and the Wall Street Journal's Sudeep Reddy join host Kai Ryssdal to look back at the week's business news and forward at where the economy is going after today's jobs report.
Posted In: Kanye West, DONDA, Silicon Valley, venture capital
Kanye West is seeking investors for a new agency he's created. But so far, potential investors are just interested in meeting with him, not giving him money.
Posted In: Micro-location, mapping, Apple Store
Apple activated tracking beacons in its stores, the latest retailer to enable micro-location technology.
Posted In: hospitals, Medicare, Obamacare, ACA
Instead of admitting Medicare patients quickly, hospitals are "observing" them for as long as two days.
Posted In: madoff, ponzi
Victims of Madoff's scheme are still struggling to adjust to their financial losses -- and also their loss of trust.