06/17/11
Marketplace for June 17, 2011
Episode Description:
Marketplace for June 17, 2011
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1
Weekly Wrap: Continued debt problems in Greece
Reviewing the week's news on Wall Street. This week: the ongoing Greek debt crisis and how it's affecting the U.S. and the markets.
1
A secondary market emerges from Madoff claims
Investors and banks are jumping into a secondary multi-million-dollar market that buys up claims from Bernie Madoff's Ponzi scheme.
1
Senate votes to repeal ethanol subsidies
This $6 billion tax credit pays oil refiners to mix gasoline with ethanol. It looks like Congress may be more open to raising revenue than expected.
9
AARP waffles on Social Security cuts
The lobbying group for older Americans is reported to be open to reducing Social Security benefits, but then backtracks amid a political firestorm.
2
Tang sales skyrocket to $1 billion annually
The astronaut-approved orange drink now comes in a variety of local flavors for overseas markets. It's one reason sales have doubled in the past four years.
0
China battling for oil in the South China Sea
Chinese navy increases boat patrols to stop oil exploration by Vietnam and the Philippines.
3
What Washington can agree on: Golf
When the president and speaker of the House play golf, it won't be the first time opposing sides agree -- at least to a game.
2
Small talk: NYC camping, Portland water, elk lips
The news that didn't quite make the headlines. This week: Camping in the middle of New York City, draining a reservoir in Portland, and elk lips.
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