Marketplace for Thursday, July 26, 2012
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After its disappointing IPO, Facebook releases its first ever earnings report today. Bankrupt cities across the nation are turning to drastic measures -- some are walking away from their financial obligations. The ice sheet on the surface of Greenland is melting at an unprecedented rate. College campuses across the nation are revamping their gyms into state of the art fitness centers to woo prospective students, and it's proving to be costly. Credit card companies once said that the Credit Card Accountability Act would destroy profits, but now some are praising it. And Tess Vigeland talks to Virginia Sole-Smith about her article on Mary Kay Cosmetics and its 'Pink Pyramid Scheme.'
Posted In: Facebook, mobile
In its first ever earnings report, Facebook reported a 32 percent boost in revenues, just shy of $1.2 billion. But it's still a wholly unprofitable company. What is it doing wrong?
Posted In: mary kay, ponzi
Mary Kay is a storied brand in the beauty products industry. But an investigative story in Harper's Magazine suggests the company's success comes at the expense of the women who sell the products.
Posted In: CARD Act, Credit Cards, Banks
A law restricting credit card acess for poor credit risks has resulted in fewer defaults.
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