Mid-day Update

PODCAST: Mobile ad fail, sequester scale

Jeremy Hobson Feb 26, 2013
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Mid-day Update

PODCAST: Mobile ad fail, sequester scale

Jeremy Hobson Feb 26, 2013
HTML EMBED:
COPY

Global stock markets fell sharply this morning after preliminary election results in Italy indicated no political party won a clear majority in parliament.

Barring a political miracle, the budget hacking we know as the sequester will start Friday: $1.2 trillion over 10 years. The first round of cuts will be about $85 billion for the fiscal year ending September 30. Sounds bad — and it may delay the economic recovery and cost jobs — but the sequester isn’t the biggest spending cut ever, economists say.

For all kinds of industries, future success hinges on mobile advertising — those little pop ups and banner ads that appear when you are using an app on your cellphone or tablet. But as ads shrink to fit our mobile screens, are they still grabbing our attention? Derek Thompson of the Atlantic joins Marketplace Morning Report host Jeremy Hobson to explain why mobile ads are nowhere near as effective as they need to be.

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