Segments From This Episode

• Other nations promise help if Iran cuts off oil supply

  Oil prices are down a bit this morning after a Saudi oil official said his country would pump more crude. That follows Iran's threat to block the Strait of Hormuz, where about one fifth of the world's oil passes through.

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• Iran oil blockade unlikely to go through

  Halting, or even dislocating, the flow of one-fifth of the world's oil supply could send the price of crude into the stratosphere. But the oil market doesn't appear to take the threat seriously.

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• Obama nominates two for Federal Reserve board

  by Nancy Marshall-Genzer

  The Obama administration hopes that the Senate will approve its two appointees — one Democrat, one Republican — to the Federal Reserve board.

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• Italian bond sale, Iranian threat impacting markets

  by Josh Brown

  Iran has repeated its threat to block the Straight of Hormuz where about a-fifth of the world's oil passes through. In Italy today, investors seemed happy to buy up the country's debt.

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• As euro turns 10, a look back at its history

  by David Brancaccio

  It'll be the euro's 10th anniversary come New Year's Day. What economists predicted back then, and how true it holds now.

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• Blocking Strait of Hormuz would affect gas prices immediately

  by Steve Chiotakis

  Iran has threatened to block the strait if President Obama signs a bill to impose sanctions to keep it from making nuclear weapons. The impact on oil prices worldwide would be major and immediate.

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• PODCAST: Blocking the waterway, blocking the oil

  by Mary Dooe

  

  San Francisco has raised to the minimum wage to over $10 an hour, and that will effect the cities famed restaurants. On the other side of the country, negotiations will start today in New York between building owners and the union representing the people that clean those buildings. As the 10 year birthday of the euro approaches, David Brancaccio looks back at how Marketplace's resident poet described the deal at the time.

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• New York union workers threaten strike

  by Stacey Vanek Smith

  

  A strike by the union representing office building workers hasn't happened in more than a decade, but Occupy Wall Street and the 99 percent mentality have given union members more confidence lately.

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• Mid-day Extra: Occupy Wall Street is history

  by Adriene Hill

  A number of museums are already collecting Occupy Wall Street materials in the hopes for future exhibits. Is it too soon?

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• Iran reacts to U.S. threat of nuclear sanction

  by Nancy Marshall-Genzer

  Iran has threatened to send military ships to block the Strait of Hormuz if President Obama signs a bill to impose sanctions to keep Iran from making nuclear weapons.

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• What the Strait of Hormuz means for world oil

  by Steve Chiotakis

  Iran's navy chief said today his country could very easily close the world's most important oil transit channel. The threat to close it comes after the West imposed more sanctions on Iran over its nuclear program.

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• San Francisco minimum wage is first to top $10

  by Jennifer Collins

  One industry — restaurants — feels the city's minimum wage policy especially hard.

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• NLRB board vacancies could stall major labor decisions

  by John Dimsdale

  The National Labor Relations Board is about to lose the ability to enforce the nation's labor laws. On Dec. 31st, three of the five seats on the Board will become vacant. Without a quorum, the NLRB cannot decide cases.

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