Posted by Daryl Paranada
For Marketplace Morning Report, Wednesday, July 27, 2011
Here are today’s top headlines from the Marketplace Morning Report and from around the web.
At one time, Democrats and President Obama talked about ways to stimulate the creation of more jobs in the debt ceiling negotiations. Now the plans of both parties are all about cutting spending. And speaking of jobs… Fewer people filed for unemployment benefits last week. Could that be a sign that things are turning around?
In auto news, Ford announced plans to expand India’s Detroit. Staying international, a U.S. company is turning women in Uganda into entrepreneurs in their rural communities. To Cyprus now, where the nation’s economy is in peril. And James Murdoch, the son of media mogul Rupert Murdoch, appeared before a board meeting of British TV’s BSkyB — the first meeting of the board since the News of the World scandal first erupted.
We have a story on how investors can profit off a default. We’ve got an explainer on what a repo market is. We look at a report that says we’re going to be spending even more on health care. We cover a county in Alabama that’s close to bankruptcy. If the county can’t settle a $3.2 billion debt, it would be the largest municipal bankruptcy in U.S. history. And the U.S. Census says only 16 percent of our population lives in rural America.
Finally, one of the world’s tallest structures will soon offer visitors a stroll on its observation deck with your body tethered to the building…1,200-feet high.
Here are the songs we played today: