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Jun 29, 2011

Marketplace Morning Report for Wednesday, June 29, 2011

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Segments From This Episode

U.S. government aims to help military spouses find work
by Jeff Tyler
The Department of Defense and the Chamber of Commerce team up to create a program to help military spouses find employment.
South Carolina debates using surplus for public schools
by Lisa Miller
The state recently came upon a surprise surplus of money in the budget. Some want to reinstate funds into the K-12 school system, while others argue the money should go back to taxpayers.
What’s being fought over in the NBA negotiations
by Marketplace Staff
It's the players versus the owners, and while a lockout looms, there may be an agreement coming soon.
Newly-appointed IMF chief prepares to enter an economic battleground
Christine Lagarde is preparing to assume her new role as the head of the International Monetary Fund. But she has to be careful not to show favoritism to Europe, and to not upset international donors.
Germans protest Greece’s resistance to austerity measures
by Steve Evans
Germany is being asked to pay more than any other country to help bailout Greece, but Germany's citizens resent Greece's opposition to tough budget cuts.
Lagarde’s appointment may be a missed opportunity
by Marketplace Staff
Simon Johnson, professor at MIT and a former chief economist at the IMF, says newly appointed International Monetary Fund chief Christine Lagarde will favor the interest of French banks, and that the IMF missed an opportunity to emphasize foreign markets.
Bank of America agrees to $8.5 billion mortgage settlement
by Nancy Marshall-Genzer
Bank of America will pay $8.5 billion to settle claims that the lender sold bad mortgage-backed securities to investors that went bad when the housing boom went bust.
Greece: Even more austere
The Greek Parliament voted today to move ahead with austerity measures, paving the way for more rescue loans from Europe, IMF.
Bank of America mortgage settlement could set framework for other banks
by Marketplace Staff
Richard DeKaser, economist with the Parthenon Group, explains Bank of America's $8.5 billion settlement over risky mortgage backed securities.
Greece passes tax hike package despite violent protests
by Joanna Kakissis
Thousands of Greek citizens took to the streets today to protest parliamentary passage of new, tougher austerity measures. Joanna Kakissis explains from Greece.
Zynga IPO expected this week
by John Moe
Social gaming giant Zynga plans to file for an initial public offering this week — hoping to raise up to $2 billion from investors. Marketplace Tech Report's John Moe explains.