Marketplace Morning Report for Friday July 04, 2014
Transit fares are going up this summer in a few different cities. We look at where the fare increases are, why operating costs are rising and why fares alone aren't enough to keep transit systems economically viable. Plus, data from credit service Experian shows Americans are paying down their credit card debt slowly, but some states are finding it more difficult than others. People who live in Alaska, New Jersey, and Connecticut hold the highest balances. We find out what factors contribute to people in certain states holding more credit card debt. And after, a defining sight in the booming oil fields of North Dakota is flames flaring from the top of wells -- burning off natural gas that escapes during pumping. It's a big waste of energy, and money.
Transit fares are going up this summer in a few different cities. We look at where the fare increases are, why operating costs are rising and why fares alone aren’t enough to keep transit systems economically viable. Plus, data from credit service Experian shows Americans are paying down their credit card debt slowly, but some states are finding it more difficult than others. People who live in Alaska, New Jersey, and Connecticut hold the highest balances. We find out what factors contribute to people in certain states holding more credit card debt. And after, a defining sight in the booming oil fields of North Dakota is flames flaring from the top of wells — burning off natural gas that escapes during pumping. It’s a big waste of energy, and money.
