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Marketplace Morning Report for Monday, October 21, 2013
Oct 21, 2013

Marketplace Morning Report for Monday, October 21, 2013

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The British government has given the go-ahead for the U.K.'s first new nuclear power plant in 20 years. The announcement is controversial -- not only because nuclear power still has many critics -- but because two Chinese state-owned companies will be involved in building and running the new facility. And, in many places, the luxury home market has come back strong after the Great Recession. The wealthiest Americans have mostly recovered from the real estate downturn. But industry watchers say tastes are changing. And, in a lot of places, a different kind of mansion is coming into vogue.

Segments From this episode

As luxury housing market rebounds, new mansions are more modest

Oct 21, 2013
In some markets, wealthy owners are buying smaller and less costly homes, but they aren't scaling back on luxe details inside their mansions.
Jeffrey Colle's Pond House in the Hamptons.
JeffreyColle.com

U.K. announces first nuclear power plant in a generation

Oct 21, 2013
Using Chinese and French financing, the U.K. will build its first new nuclear power plant in 20 years. But the decision is not without controversy.

Brazil's fine line between price gouging and turning a profit

Oct 21, 2013
Brazilian President Dilma Rousseff convenes a committee to monitor prices and service ahead of next year’s World Cup to head off price gouging. But for retailers, there’s a fine line between appropriately responding to increased demand and taking advantage.

JP Morgan close to $13 billion mortgage-lending settlement

Oct 21, 2013
$4 billion would go to help struggling homeowners in regions where the housing crash hit hardest.

Markets await delayed employment figures

Oct 21, 2013
Delayed figures on unemployment are expected to hold steady.

Diddy's music 'Revolt' will be televised

Oct 21, 2013
The hip-hop mogul launches music TV network for millennials.

PODCAST: If they show music videos on TV again, will anyone watch?

Oct 21, 2013
Delayed figures on unemployment are expected to hold steady. Diddy launches music TV network for millennials. And, Brazil convenes a committee to monitor prices and service ahead of next year’s World Cup to head off price gouging. But for retailers, there’s a fine line between appropriately responding to increased demand and taking advantage.

The British government has given the go-ahead for the U.K.’s first new nuclear power plant in 20 years. The announcement is controversial — not only because nuclear power still has many critics — but because two Chinese state-owned companies will be involved in building and running the new facility. And, in many places, the luxury home market has come back strong after the Great Recession. The wealthiest Americans have mostly recovered from the real estate downturn. But industry watchers say tastes are changing. And, in a lot of places, a different kind of mansion is coming into vogue.

The team

Stephen Ryan Producer, BBC