Marketplace for Monday June 16, 2014

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Episode Description 
Amid the conflict in Iraq, the international benchmark for oil prices has hit a recent high. We look at what is known as the “comfort zone” as well as how traders factor in a risk premium into their decisions. Plus, Starbucks is upping the ante for low-wage workers by offering partial or full online tuition as ASU. In doing so, the competition to work at Starbucks is going to increase—which may be precisely the point. Also, the Supreme Court today  declined to hear Argentina's appeal over its bid to avoid paying $1.33 billion to hedge fund creditors. The claim stems from the country’s historic 2001 default. Argentina is now on the hook to pay up in full and warns this could lead once more to default on its sovereign debt. We examine the implications of the Supreme Court’s decision.

A rogue Greenpeace trader wreaks havoc

He made $5.2 million worth of bad bets.
Posted In: greenpeace, traders

The U.S. Supreme Court deals a blow to Argentina

The Supreme Court won't hear Argentina's appeal over its debts to hedge funds.
Posted In: Argentina, Supreme Court, global economy, debt
Workforce housing-- also called a "man camp"-- in Williston, ND

A mall in the middle of (what used to be) nowhere

Williston, North Dakota, is in the middle of an oil boom, but it doesn't have many stores or restaurants for a growing population.
Posted In: North Dakota, development, Black Gold Boom, Malls

You can't beet vegetables. Lettuce explain.

Marketplace Datebook for Tuesday, June 17, 2014.

Iraqi and Syrian refugees are flowing into Erbil

How will the country handle an influx of displaced people?
Posted In: Iraq, refugees

How gentrification could hit DC's middle class golfers

Local leaders are teeing up their redevelopment plans.
Posted In: Golf, gentrification, Washington D.C.

IMF chief wants U.S. to raise the minimum wage

Lagarde said more policy changes would lead to "medium-term fiscal growth."
Posted In: Lagarde, IMF, U.S. economic growth, GDP

Will the instability in Iraq flow to the pump?

What exactly goes into the price at the pump
Posted In: gas, gas taxes, Iraqi oil

Music from this show

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We Good (Instrumental)
Pete Rock
I Sat By The Ocean
Queens Of The Stone Age
Cinco Minutos Con Vos
Elvis Costello And The Roots

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