Marketplace Morning Report for Thursday August 7, 2014
First up, Moscow is retaliating against the new round of economic sanctions imposed by Europe and the U.S. for Russia's role in Ukraine and its response to the downing of the Malaysian jetliner. President Putin says agricultural and food imports will be targeted. Also, one-third of the counties analyzed in a new report have surpassed their historical averages for income-to-price affordability percentages since 2000 - making them less affordable now than they have been on average over the last 14 years. Why are homes so unaffordable now? And will that change? Also, we take a closer look at a Fortune Magazine from 1948, which includes a photo essay about a hotel under construction in Cincinnati that might have been America's first boutique or hipster hotel; a mid-century triumph of art meets business, it said. Why an article in this 66 year-old Fortune magazine entitled "Business and Ethics" is both quaint and prescient.
First up, Moscow is retaliating against the new round of economic sanctions imposed by Europe and the U.S. for Russia’s role in Ukraine and its response to the downing of the Malaysian jetliner. President Putin says agricultural and food imports will be targeted. Also, one-third of the counties analyzed in a new report have surpassed their historical averages for income-to-price affordability percentages since 2000 – making them less affordable now than they have been on average over the last 14 years. Why are homes so unaffordable now? And will that change? Also, we take a closer look at a Fortune Magazine from 1948, which includes a photo essay about a hotel under construction in Cincinnati that might have been America’s first boutique or hipster hotel; a mid-century triumph of art meets business, it said. Why an article in this 66 year-old Fortune magazine entitled “Business and Ethics” is both quaint and prescient.
