Jun 11, 2012

Marketplace Morning Report for Monday, June 11, 2012

Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.

Segments From this episode

App developers vie for Apple customers

by Mitchell Hartman

Jun 11, 2012

The Apple Worldwide Developers Conference kicks off in San Francisco today, analysts expect newly designed laptops, perhaps a new Apple TV, and an updated operating system for mobile devices.

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European Debt Crisis

Spain's bailout: Good idea or moral hazard?

by Christopher Werth

Jun 11, 2012

Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?

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What does the middle class look like?

by Marketplace Contributor

Jun 11, 2012

As part of our ongoing middle class photo project, we followed up with a listener who told us being middle class means setting a goal and getting there. Tell us what you think it means to be middle class.

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European Debt Crisis

Bailout in Spain buys time and clips contagion

by Marketplace Contributor

Jun 11, 2012

Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.

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Mid-day Update

PODCAST: A $1.3 billion billboard and LinkedIn's most popular passwords

by Katie Long

Jun 11, 2012

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Rating agencies: No longer the final word

by Eve Troeh

Jun 11, 2012

The ratings agency Moody's could lower credit ratings on the bonds of several U.S. banks this month. The downgrades could send ripples, but not shock waves, throughout the economy.

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Health reform

UnitedHealth to adopt reform provisions, set insurance standard

by David Brancaccio

Jun 11, 2012

UnitedHealth will adopt some parts of the Affordable Care Act regardless of what happens in the U.S. Supreme Court in the coming weeks. The insurer will continue to cover children up to age 26 and offer free preventive health care services.

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BBC World Service

Spain gets a short term fix in euro bailout

by Marketplace Contributor

Jun 11, 2012

European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.

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Discontent in the Middle East

In Turkey, a Syrian doctor aids his countrymen

by Marketplace Contributor

Jun 11, 2012

A Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.

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BBC World Service

Spain avoids government bailout with bank rescue

by Tom Burridge

Jun 11, 2012

Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.

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Exports in China double market expectations

by Rob Schmitz

Jun 11, 2012

Amidst the slew of gloomy economic indicators from China over the weekend there was one bright spot: May's overseas shipments from China are up more than 15 percent over last year.

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What went wrong with California's budget

by Marketplace Contributor

Jun 11, 2012

With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? Do other states have to fear the same thing?

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Global markets are up — for now — on news this weekend that European leaders agreed to bail out Spain’s banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company’s newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.