Marketplace for Thursday, January 26, 2012
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The Federal Reserve pledged to keep interest rates near zero until 2014. After a subscriber revolt, Netflix rebounded with huge fourth quarter earnings. The New York Times' Charles Duhigg discusses the unknown truths about Apple's supply chain in China. Commentator Robert Reich says the U.S. government needs to take a more active role if it truly wants to make America globally competitive. And we hear about the current state of the Sundance Film Festival.
Posted In: military, drones
Facing nearly half a trillion dollars in mandated budget cuts over the next 10 years, the U.S. Defense Department will spend more on technology like robots and drones -- and less on soldiers, ships, fighter planes and other conventional weapons.
Posted In: competitiveness, research and development
Commentator Robert Reich says multinational companies based in the U.S. look out for their own interests, not American workers.