Marketplace Morning Report for Monday August 11, 2014
Turkey's prime minister was elected president of the country last night.The presidency will tack another five years onto Erdogan's 12 years in power, as Prime Minister. Erdogan has been a politically controversial figure in Turkey, sometimes compared to Vladimir Putin for some of his authoritarian political stances. A closer look at this victory and what it means for Turkey's economy. Plus, with tech companies hoping "wearables" will become a part of consumers' everyday lives, they first have to convince people to buy smart watches, fitness trackers and, yes, Google Glass. That's got Apple, Intel and others looking for new partners in the fashion industry. And with problems with drought growing around the country -- parts of Texas and California have had record-breaking shortages the last few years -- Dayton, Ohio is trying to use water to lure businesses.
Turkey’s prime minister was elected president of the country last night.The presidency will tack another five years onto Erdogan’s 12 years in power, as Prime Minister. Erdogan has been a politically controversial figure in Turkey, sometimes compared to Vladimir Putin for some of his authoritarian political stances. A closer look at this victory and what it means for Turkey’s economy. Plus, with tech companies hoping “wearables” will become a part of consumers’ everyday lives, they first have to convince people to buy smart watches, fitness trackers and, yes, Google Glass. That’s got Apple, Intel and others looking for new partners in the fashion industry. And with problems with drought growing around the country — parts of Texas and California have had record-breaking shortages the last few years — Dayton, Ohio is trying to use water to lure businesses.
