Marketplace Morning Report for Wednesday, October 3, 2012

Segments From This Episode

• Is the U.S. at risk of another OPEC oil embargo?

  by Scott Tong

  The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.

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• Battleground Ohio: Governors past and present on election 2012

  by Jeremy Hobson

  Ahead of tonight's debate, current republican Governor John Kasich and the state's former democratic Governor Ted Strickland share their views on Ohio's economy and how it fits in the national election this year.

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• Iran inflation crisis sparks protests and blame

  by Jeff Horwich

  Today police in Iran fought with money lenders and other protesters in front of the country's central bank. Inflation in Iran is running at a shocking clip: the Iranian Rial is down 25% against the dollar in just the past week.

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• T-Mobile and MetroPCS announce merger

  by Eve Troeh

  Today T-Mobile and MetroPCS announced a merger, uniting them as the fourth largest wireless carrier in the U.S. The cellphone companies will cater to customers seeking low monthly payments, a rapidly growing mobile segment.

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• PODCAST: Animal tracks and T-Mobile pacts

  by Jeff Horwich

  The Iranian rial has lost 25 percent of its value against the dollar in just the past week, and there is lots of blame to go around — including some directed at the U.S. T-Mobile, America's struggling fourth-place wireless company, says it has finally reached a merger deal — but not with one of the big guys.

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