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Marketplace for Wednesday July 16, 2014

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Apple- IBM
Episode Description 
Apple and IBM have reached an agreement to produce software applications exclusively for iPads and iPhones. But will the biggest impact be on the companies that are not part of the deal? Also, Rupert Murdoch’s reported offer of $80 billion has been turned down by Time Warner. We explain what’s behind the offer. And after, we revisit the California drought, which is expected cost California agriculture a couple billion dollars this year. But it’s far from a disaster. Here and in drought areas like the Ogallala Aquifer, farmers’ unregulated access to underground reservoirs is tapping out a resource that can’t be replaced.

Pardon my (economic) language

Here's a new economic indicator for you: The frequency of CEO profanity.
Posted In: CEOs, economic indicators, recession, language
Central Valley farmers drilling water

California farms pumping water to make up for drought

Farmers face stark cutbacks in irrigation water but are pumping their own
Posted In: California drought 2014, drought, farmers

Dallas Fed Chair: Time to lose monetary "beer goggles"

Chairman Richard W. Fisher says the nation's monetary policy needs to sober up.
Posted In: Federal Reserve, Dallas, monetary policy
Apple and IBM

Apple-IBM deal shakes up workplace tech

The former rivals' alliance could undermine competitors like Google and Blackberry.
Posted In: apple, IBM, smartphones
Rupert Murdoch

Why Murdoch wants Time Warner: leverage

Time Warner turned down Rupert Murdoch's reported $80 billion offer. He'll be back.
Posted In: Rupert Murdoch, Deals, Mergers and Acquisitions, offers

In China, the polluter 'that-must-not-be-named'

China's crackdown on criticism of a $6 billion petrochemical plant.
Posted In: China, Chengdu, air pollution, smog

Hello (again) McMansions

The average size of a new house is above pre-recession levels.
Posted In: real estate, housing market, Suburban Living

Music from this show

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Pretty Boy (Peaking Lights Remix)
Young Galaxy
Big Pimpin' (Album Version) [feat. UGK] [Explicit]
Jay-Z
Father And Son
Apollo Brown