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Marketplace Morning Report for Monday, January 20, 2014
Jan 20, 2014

Marketplace Morning Report for Monday, January 20, 2014

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The headlines from China today are about the slowest growth in that giant economy for 14 years. The Gross Domestic Product figures for all of 2013 are in from the statisticians in Beijing and they were lower than even the forecasters were expecting. The big three credit-ratings agencies, Moody's, S&P and Fitch, were all criticized for giving inflated ratings to mortgage investments that helped trigger the great financial crisis. Yet these days they still control 97 percent of the industry. But that's changing. And, one of every 3 Texans has no medical insurance -- the highest rate of uninsured in the country. Part of this is high rates of diabetes and obesity. Less expensive drugs to treat these conditions are available in Mexico. But the threat of violence in Mexico has triggered  a new trend---the smuggling of medicine in bulk.

Segments From this episode

African-American unemployment is double that of whites. Why?

Jan 20, 2014
In good times and bad, blacks suffer unemployment at much higher rates than whites. That's been true since the time of Martin Luther King, Jr.

Another ratings agency. Woohoo?

Jan 20, 2014
There’s a new kid on the block -- but will this agency be able to give the big boys a run for their money?

‘Am I crazy?' Deciding to work for the government

Jan 20, 2014
There have been pay freezes, hiring freezes, and on top of that, there was the shutdown just a few months ago.

Desperate patients smuggle prescription drugs from Mexico

Jan 20, 2014
Physicians and law enforcement are tracking a relatively new trend -- U.S. patients smuggling of prescription medicine in bulk from Mexico.

China GDP lowest since 1999

Jan 20, 2014
China's fast growing economy is slowing down.

Iran says it's curbing uranium enrichment

Jan 20, 2014
As part of a deal with world powers, Iran says it has begun suspending its nuclear program.

Why are American credit card companies using outdated technology?

Jan 20, 2014
American banks and retailers are still using the same old magnetic strip cards, instead of more secure chip and pin cards commonly used abroad.

'Meet the Beatles,' 50 years later

Jan 20, 2014
Fifty years ago today, Capitol Records released the Beatles' first album, "Meet the Beatles."

PODCAST: Iran curbs nuclear program

Jan 20, 2014
As part of a deal with world powers, Iran says it has begun suspending its nuclear program. In good times and bad, blacks suffer unemployment at much higher rates than whites. That's been true since the time of Martin Luther King, Jr. And, why would anyone want to work for the government?

The headlines from China today are about the slowest growth in that giant economy for 14 years. The Gross Domestic Product figures for all of 2013 are in from the statisticians in Beijing and they were lower than even the forecasters were expecting. The big three credit-ratings agencies, Moody’s, S&P and Fitch, were all criticized for giving inflated ratings to mortgage investments that helped trigger the great financial crisis. Yet these days they still control 97 percent of the industry. But that’s changing. And, one of every 3 Texans has no medical insurance — the highest rate of uninsured in the country. Part of this is high rates of diabetes and obesity. Less expensive drugs to treat these conditions are available in Mexico. But the threat of violence in Mexico has triggered  a new trend—the smuggling of medicine in bulk.

The team

Stephen Ryan Producer, BBC