Playlist: Egypt oil and Atlanta grease
Posted by Katharine Crnko
For Marketplace Morning Report, Tuesday February 1, 2011
BP announced a $5 billion loss last year — no surprise after the company dealt with the Gulf oil spill. But the numbers could have been much worse. As Stephen Beard explains, BP is actually paying a dividend to its shareholders for the first time since the spill.
Lawsuits and accusations of theft fly in battle over who has rights to used cooking oil from many Atlanta restaurants. The grease is increasingly re-sold to make alternative fuel.
Protests continue in Cairo over high unemployment and high food prices. Steve Chiotakis speaks with Abdolreza Abbassian, senior economist at the UN’s Food and Agriculture Organization, about Egypt’s high price of food, and the nation’s food subsidy program.
The Canadian Senate Finance Committee unveiled a report that recommended Canada get rid of its penny.
Just 100 miles east of Cairo, the Suez Canal allows shipping routes a direct path between the Red Sea and the Mediterranean Sea. With protests continuing in Egypt, international markets continue to monitor the canal. Amy Myers Jaffe explains.
Many retail businesses — particularly restaurants — hope to avoid empty stores by offering snow day deals through social media and e-mail.
Steve Chiotakis speaks with Naguib Sawiris, chairman of the Egyptian telecom company Orascom, about the events in Egypt, and how a democratic government will benefit Egyptian businesses.
It’s becoming apparent that the mandate to buy health insurance will wind up going before the Supreme Court. That mandate is the lynchpin around which all the rest of the health care law resides.
It seems as though Egypt’s unrest is spreading quickly. News this morning that the Palestinian government has announced plans for local council elections as soon as possible. And in Jordan King Abdullah fired his government and called for political reform.
Jeremy Hobson speaks with Juli Niemann at Smith Moore and Company in St. Louis about when and how the increase in oil prices will hit the gas pumps.
Here are the songs we played:
- Whee Ha Swing — Hui AlohaBuy
- Pets — Porno for PyrosBuy
- You Can’t Hurt You Anymore — Clinic
- Can’t be Beat — Quiet VillageBuy
- Destruction of Man — D-TensionBuy
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.