Marketplace for Tuesday, November 19, 2013
Most banks with legal exposure to the financial crisis are dealing with the lawsuits one-by-one. But today, J.P. Morgan Chase decided to deal with the whole issue in one go, and settle for $13 billion. We begin a special collaboration with the New York Times that we're calling The New Health Care Math. Plus, meatpackers and ranchers are fighting each other over new labeling rules that take effect Saturday, requiring packaged meat to state where the animal that contributed said meat was raised, slaughtered and processed. And finally, the Obama administration launches a $100 million race-to-the-top-style competition meant to overhaul career and tech education by pairing high schools with colleges and employers.