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Marketplace for Thursday, December 27, 2012

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Episode Description 
The U.S will hit its $16 trillion debt ceiling -- we explore how this affects the fiscal cliff. Jeremy Hobson talks to Memphis mayor AC Wharton about what happens to his city if we do go over the cliff. The Environmental Protection Agency's Lisa Jackson has announced that she will be stepping down. SeaWorld is going public. Curbside buses have extended their routes for the holiday travel season, even through not-so-populated places. And with 18 states and the District of Columbia now permitting medical use of cannabis with a prescription, along with Washington and Colorado legalizing recreational marijuana, there's a rise in opportunity for "pot-trepreneurs."

Sha-moolah! SeaWorld plans to go public

Private-equity group Blackstone plans a public stock offering of SeaWorld Entertainment. The home of Shamu is now profitable but heavily indebted.
Posted In: seaworld, Mergers and Acquisitions

Plenty of changes for gun shop owners after Newtown shooting

Frank Gerstenkorn is the owner of a gun shop in Cheyenne, Wy. He says if a ban on assault weapons is put into place, his store will have to make some adjustments in order to stay profitable.
Posted In: guns

Should we worry about U.S. debt?

Raising the debt ceiling used to be routine. Is now really different than before?
Posted In: debt ceiling

Bus travel picks up speed in Midwest

There’s a new trend emerging that is rivaling the car and even some airlines.
Posted In: traveling, travel costs, buses, Transportation, Travel

Head of EPA made progress, despite lack of support

Administrator Lisa Jackson pushed through rules limiting emissions despite opposition from energy industry and little backup from the Obama administration.
Posted In: EPA

Memphis mayor to feds, 'Do something!'

Memphis, Tenn., is the poorest city in the country, according to the U.S. Census. And Mayor AC Wharton worries that inaction on the fiscal cliff would have a drastic impact on already cash-strapped residents.
Posted In: Memphis, tennessee

The business of selling pot...legally

The growing use of medical marijuana and the legalization of recreational use in two states have created more opportunities for pot entrepreneurs.
Posted In: marijuana, pot, legal, Entrepreneurship

Gum shop busted for selling candy cigarettes

A gum store in St. Paul, Minn., was caught for selling candy cigarettes, which are banned because they're said to encourage smoking.
Posted In: candy

Music from this show

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Auld Lang Syne
B. B. King
Losing You
Solange
Chan Chan
Buena Vista Social Club