Marketplace Morning Report for Friday August 15, 2014
Aug 15, 2014

Marketplace Morning Report for Friday August 15, 2014

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Ever wonder how the price of silver is set? For more than a hundred years, silver prices have been set globally in something called a silver fix. But that's about to change. Plus, Samsung recently did a little home shopping The South Korean electronics giant snapped up a start-up called "Smart Things" for around $200 million. It's a U.S. company that specializes in smart-home controllers. But Samsung isn't the only one seeing profit potential in the so-called internet of things. Hackers see it, too. And they're worried that if companies specializing in smart devices don't take the time to install proper security, hackers with bad intentions will use the internet of things to invade entire households.

 

Segments From this episode

Don't waste your frequent flier miles!

Aug 15, 2014
Airlines hope you'll spend miles on things other than free flights. Should you?

Heard of the Internet of Things? So have hackers.

Aug 15, 2014
Hackers say manufacturers aren’t taking basic steps to secure smart devices.

SWAT teams are a growing presence in law enforcement

Aug 15, 2014
Since the 1960s, more local police departments have added their own SWAT team.

PODCAST: The rise of the SWAT team

Aug 15, 2014
SWAT teams, frequent flier miles, and a high tech football stadium.
Heavily equipped police responding to protests in Ferguson last week. Images and video of the events spreading on social media have brought this story to national and international prominence.
(Scott Olson/Getty Images)

Baseball players make out like one-percenters

Aug 15, 2014
Like other top earners, their pay went up much faster than the average worker's.

Ever wonder how the price of silver is set? For more than a hundred years, silver prices have been set globally in something called a silver fix. But that’s about to change. Plus, Samsung recently did a little home shopping The South Korean electronics giant snapped up a start-up called “Smart Things” for around $200 million. It‘s a U.S. company that specializes in smart-home controllers. But Samsung isn’t the only one seeing profit potential in the so-called internet of things. Hackers see it, too. And they’re worried that if companies specializing in smart devices don’t take the time to install proper security, hackers with bad intentions will use the internet of things to invade entire households.

 

The team

Stephen Ryan Producer, BBC