Marketplace Morning Report for Thursday November 13, 2014
An issue with India has been papered over—It had been holding up a massive global trade deal that supporters say could add a trillion dollars to the world economy and add 18 million jobs, especially in poor countries. The World Trade Organization has been working on this package of trade liberalization for years, but the U.S. refused to agree because it was thought that a relatively new food security system in India would cause global distortions in trade. More on that. And a new statistics on student loans shows the cost of getting a bachelors degree is still rising. The numbers also show that the average debt for undergraduates sits at $28,400, up 2-percent from last year. And as we find out, the people with the really big debt loads are not the only ones to worry about. Plus, if you've found yourself on a flight recently, knees jammed to your nostrils, consider this: an airline based in the United Arab Emirates is offering what amounts to an apartment ... on an airplane.
An issue with India has been papered over—It had been holding up a massive global trade deal that supporters say could add a trillion dollars to the world economy and add 18 million jobs, especially in poor countries. The World Trade Organization has been working on this package of trade liberalization for years, but the U.S. refused to agree because it was thought that a relatively new food security system in India would cause global distortions in trade. More on that. And a new statistics on student loans shows the cost of getting a bachelors degree is still rising. The numbers also show that the average debt for undergraduates sits at $28,400, up 2-percent from last year. And as we find out, the people with the really big debt loads are not the only ones to worry about. Plus, if you’ve found yourself on a flight recently, knees jammed to your nostrils, consider this: an airline based in the United Arab Emirates is offering what amounts to an apartment … on an airplane.
