Marketplace Morning Report for Friday, August 9, 2013
Aug 9, 2013

Marketplace Morning Report for Friday, August 9, 2013

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JPMorgan Chase is apparently moving towards settling with U.S. regulators over huge losses racked up by one of its traders known as the "London Whale." The bank is reportedly ready to admit wrongdoing over the ill-fated trades. As many children head back to school across the country, school districts are facing 5.2 percent cuts in funding mandated by the sequester. That adds up to more than $1.5 billion. We'll take a look at how schools and students will be impacted. And, if you're a tenant facing eviction, chances are you'll lose in court. Most landlords hire attorneys, and most tenants go unrepresented. But a pilot program in California might change all of that. It provides free counsel to low income tenants,
and it could actually save taxpayers money.

Segments From this episode

Pentagon reduces furlough days for civilian workers

Aug 8, 2013
It's good news for the approximately 640,000 furloughed Department of Defense employees that there will be only six furlough days instead of 11. But it's still a hardship for many of them.

How the sequester will impact schools this year

Aug 9, 2013
The sequester will cut K-12 school programs like special education and English-as-a-second-language.

Giving tenants a fighting chance against evictions

Aug 9, 2013
A pilot program in California is testing the idea that providing free counsel to poor tenants could actually save taxpayers money.

JPMorgan nears settlement with SEC over 'London Whale'

Aug 9, 2013
JPMorgan is likely to settle with the SEC, but the Whale himself won't be facing any criminal charges -- for now.

Should services be taxed like goods?

Aug 9, 2013
As states struggle to raise revenue, should services be subjected to a sales tax like goods?

Silent Circle's Phil Zimmermann on why it's shuttering its encrypted email service

Aug 9, 2013
Following Lavabit's lead, Silent Circle ends its encrypted email service so clients can avoid government scrutiny.

PODCAST: JPMorgan to settle with SEC over 'London Whale'

Aug 9, 2013
JPMorgan is likely to settle with the SEC, but the Whale himself won't be facing any criminal charges -- for now. The Apple-Samsung patent case in front of an appeals court on Friday differs from the Apple-Samsung patent dispute before the U.S. International Trade Commission. And, the sequester will cut K-12 school programs like special education and English-as-a-second-language.
JPMorgan Chase & Co.'s Manhattan headquarters.
Spencer Platt/Getty Images

JPMorgan Chase is apparently moving towards settling with U.S. regulators over huge losses racked up by one of its traders known as the “London Whale.” The bank is reportedly ready to admit wrongdoing over the ill-fated trades. As many children head back to school across the country, school districts are facing 5.2 percent cuts in funding mandated by the sequester. That adds up to more than $1.5 billion. We’ll take a look at how schools and students will be impacted. And, if you’re a tenant facing eviction, chances are you’ll lose in court. Most landlords hire attorneys, and most tenants go unrepresented. But a pilot program in California might change all of that. It provides free counsel to low income tenants,
and it could actually save taxpayers money.

The team

Stephen Ryan Producer, BBC