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Marketplace Morning Report for Monday, October 14, 2013
Oct 14, 2013

Marketplace Morning Report for Monday, October 14, 2013

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The gridlock continues this morning in Washington, with no agreement to re-open the federal government or raise the debt ceiling, and the Thursday deadline looms. In Mexico, the president is proposing a major shake up of the country's oil industry. Whether that's a good idea or not may depend on whether you work in the oil industry. And, it was forty years ago this week oil producing countries in the Middle East imposed an embargo on the U.S. as punishment for the U.S. supporting Israel during the Yom Kippur War. The result was an economic shock that changed America. But the 1973 oil embargo may have also yielded some unexpected benefits

Segments From this episode

The clock is ticking and still no debt deal

Oct 14, 2013
Lawmakers in Washington have until Thursday to raise the debt ceiling.

Mexican oil town not afraid of gringo invasion

Oct 14, 2013
Mexico's president has proposed shaking-up the state-run oil industry and allowing direct foreign investment. The idea is unpopular in much of Mexico, but it's a different story in the oil town of Ciudad del Carmen.

On 40th anniversary, a look at the spillover effects of the 1973 Arab Oil Embargo

Oct 14, 2013
How did the 1973 oil crisis convince Americans to reduce energy consumption?

Medicare enrollment confusion could cost us cash

Oct 14, 2013
Medicare enrollment is already confusing enough. The new health care exchanges will only make it more so. And that could end up being costly for taxpayers.

While Washington argues over debt ceiling, the world watches

Oct 14, 2013
All eyes around the world are on Democrats and Republicans in Washington, waiting to see if they will come to an agreement over the debt limit.

Immigrant entrepreneurs benefit by improving credit scores

Oct 14, 2013
A San Francisco group helps launch small business owners with micro-loans, which in turn create a path to mainstream credit when they are ready to expand.

Nobel Prize in economics goes to three Americans

Oct 14, 2013
The trio has focused on the behavior of the stock market as well as the efficiency of markets.

Uncertainty over debt ceiling hits markets

Oct 14, 2013
A weak start on Wall Street with the federal budget and the future of federal borrowing still unresolved.

PODCAST: Clock ticks on debt deal

Oct 14, 2013
A weak start on Wall Street today as the federal budget and the future of federal borrowing remain unresolved. Three Americans win the Nobel Prize in Economics. And, Medicare enrollment is already confusing enough. The new health care exchanges will only make it more so. And that could end up being costly for taxpayers.

The gridlock continues this morning in Washington, with no agreement to re-open the federal government or raise the debt ceiling, and the Thursday deadline looms. In Mexico, the president is proposing a major shake up of the country’s oil industry. Whether that’s a good idea or not may depend on whether you work in the oil industry. And, it was forty years ago this week oil producing countries in the Middle East imposed an embargo on the U.S. as punishment for the U.S. supporting Israel during the Yom Kippur War. The result was an economic shock that changed America. But the 1973 oil embargo may have also yielded some unexpected benefits

The team

Stephen Ryan Producer, BBC