Marketplace for Friday, July 13, 2012
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George Soros' son Jonathan has started a new super PAC, and this one is a little different -- an 'anti-super PAC' super PAC, if you will. Digg was one of the trailblazing pioneers in the social media world, and yet was sold yesterday for just half a million dollars. Some politicians are outraged that this year's U.S. Olympic team uniforms are made in China -- but maybe it's the only business decision possible for the team. Commentator Chris Farrell says the idea of the "Golden Years" retirement is a thing of the past, but that may not be a bad thing. And we have the weekly wrap on the latest JPMorgan news.
Posted In: Peregrine Financial, MF Global, Agriculture, futures
In the wake of Peregine Financial and MF Global scandals, many farmers are losing faith in commodities brokerages they used to rely on. Regulators and futures industry leaders are hoping to restore confidence with increased oversight and account insurance.
Posted In: Agriculture, cherries
Freak weather in Michigan has annihilated orchards of sour cherries, meaning you should expect to see cranberries replacing them in your trail mix soon.
Posted In: France, Francois Hollande, austerity, Whats up Europe
Tomorrow is Bastille Day in France, the French will be celebrating despite the rainy weather and eurozone turmoil. This week French carmaker, Peugot, announced major layoffs, signaling the tough economic climate facing the country.