Posted by Katharine Crnko
For Marketplace Morning Report, Thursday February 17, 2011
Six months after the Dodd-Frank law passed, the Senate Banking Committee questions regulators about their progress in fixing the financial system.
The Food and Drug Administration will allow cosmetic drug and device maker Allergan Inc. to market its stomach-restricting Lap-Band to millions of new patients — patients who are less obese than those currently using the device. Eve Troeh has more.
It’s estimated that poor Mexican workers have invested more than $2 million in U.S. jobs that don’t exist.
The International Monetary Fund has recommended that Afghanistan’s largest bank, Kabul Bank, be placed in receivership and sold off. The IMF hopes this move will stabilize the country’s corrupt financial system. The BBC’s Quentin Sommerville has more from Kabul.
Australian airline Qantas was forced to ground its Airbus A380 super jumbo fleet after one of its plane’s Rolls-Royce engines exploded in midair over Singapore last year. That accident cost Quantas an estimated $80 million — and didn’t help Rolls-Royce or Airbus, either. Christopher Werth explains.
About 800 Americans across the country were asked their opinions on how to solve the U.S. budget deficit. The results did make a substantial dent in the debt.
President Barack Obama will fly to California today to meet with three of America’s most notable tech CEOs — Apple’s Steve Jobs, Facebook’s Mark Zuckerberg, and Google’s Eric Schmidt — presumably to discuss job growth. Steve Henn has more.
The Port of Miami is undergoing construction to accommodate bigger ships. But having lost out on funding from President Obama’s budget, port officials are now scrambling to find money elsewhere.
Violent protests continue today in Bahrain as the U.S. encourages the government to control the protests. The BBC’s Katey Watson reports from Dubai about America’s interest in controlling the turmoil in Bahrain.
The Senate’s banking commission is asking regulators today how the implementation of the new Dodd-Frank financial reform law is going. Diane Swonk, chief economist with Mesirow Financial, explains what’s at stake in these hearings.
Here are the songs we played: