Mid-day Update

PODCAST: Unlucky number 7 for Italy, the connection between brands and politics

Mary Dooe Nov 9, 2011
HTML EMBED:
COPY
Mid-day Update

PODCAST: Unlucky number 7 for Italy, the connection between brands and politics

Mary Dooe Nov 9, 2011
HTML EMBED:
COPY

Here are today’s top headlines from the Marketplace Morning Report and from around the web.

The situation in Italy worsens today, as bond yields topped over 7 percent and Silvio Berlusconi’s fall seems imminent.

Voters in Ohio have repealed the state’s new law limiting collective bargaining rights for unionized state workers.

Some good news from the Mortgage Bankers’ Association on the housing front: applications for home mortgages shot up last week, thanks to increased demand for loan refinancing.

General Motors said today it made money for the 7th straight quarter in a row, and even though the numbers were down a bit, GM’s earnings beat Wall Street expectations.

To a new survey that finds more than half of all college students would turn down a job if it bans access to social media at work. A third of them say the freedom to use sites like Facebook and Twitter is more important to them than salary. Please tell me that’s not
the reason so many college grads are out of work right now.

And finally. Boston Red Sox fans: breathe a sigh of relief. Your ticket prices will not go up next year. The club said this week publicly available seat prices will stay the same for the second time in four years. Was it team owners feeling really generous to loyal fans? Could be. Could be. Was it the fact the Red Sox won only 7 games out of 20
in September, and lost their Manager and General Manager at about the same time? Yeah, that’s part of the official reason too.

And in today’s Mid-day Extra, we ask what brands Republicans favor, and which Democrats see as tops.

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.