Marketplace for Wednesday, December 18, 2013
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The Federal Reserve says it will reduce its $85 billion a month in bond purchases by $10 billion starting in January, citing a stronger U.S. job market. What will that do to interest rates? Next, BP has long complained that its settlement money for the Deepwater Horizon spill was often spent frivolously. Now it’s going public with its complaints about claims that businesses have filed against it, starting with Emeril Lagasse, the New Orleans chef. Finally, it used to be that sports and fashion marketing existed on the periphery of the Hollywood entertainment business. But as a IMG’s sale to William Morris demonstrates, the talent business is diversifying.
Posted In: spain, youth unemployment
A continuation of our Jobless Generation series.
Posted In: domestic workers, servants, Britain
The wealth inequality we have in the US today is no match for what it was like in England 100 years ago.
Posted In: NFL, blackout rule
The FCC voted this week to review the dreaded blackout rule.
Posted In: coal, China
U.S. coal companies have hit hard times. Domestic demand is drying up, and global prices for coal are hitting record lows. What to do? The industry is looking across the Pacific to China for help, and is planning to build coal terminals in Washington to export coal from Montana’s Powder River Basin to the world’s second-biggest economy. But is China interested in American coal?
Posted In: Emeril Lagasse, bp oil spill, deepwater horizon, macondo
BP has long complained that its settlement money for the Deepwater Horizon spill was often spent frivolously.