Nov 3, 2011

Marketplace Morning Report for Thursday, November 3, 2011

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The drama in Europe continues as the Greek government teeters on the brink. The protests of Occupy Oakland heat up and turn violent, after the city's port was shut down early this morning. Food stamps could be on the chopping block with budget cuts in Washington. Groupon goes public, and drug maker GlaxoSmithKline will dish out a $3 billion settlement, in part for Medicaid fraud.

Segments From this episode

Mid-day Extra: One-stop holiday shopping

Nov 3, 2011
Banana Republic has teamed up with the California winery Clos du Bois to sell two limited edition bottles.

Highly concentrated poverty on the rise

Nov 3, 2011
More Americans are living in communities with poverty rates of at least 40 percent, especially in the the Midwest, the South and in the suburbs. A new report from Brookings says it's harder to escape such concentrated poverty.

Food stamp budget could face cuts

Nov 3, 2011
The federal budget for food stamps doubled during the recession, but major cuts to the program are now on the table.

For Deutsche Post, privatizing was a smart move

Nov 3, 2011
Germany's postal service is often touted as a privatization success story. Should the U.S. Postal Service follow in its footsteps?

Occupy Oakland shuts down port

Nov 3, 2011
The Occupy Oakland movement forced the port authority to call off the night shift because some say the port is a symbol of wealth and capitalism.

Pressure mounts on European leaders to solve crisis by December

Nov 3, 2011
Leaders of the G20 meet in France today as a new deadline emerges for European leaders to solve the debt crisis: December 4.

Occupy Oakland clashes with police

Nov 3, 2011
The Port of Oakland was shut down early this morning, and some of the protesters are turning violent.

Groupon goes public

Nov 3, 2011
Groupon Inc.'s IPO could be the biggest test yet of how private trading of shares of hot startups like Facebook Inc. before they go public may impact secondary private markets like SecondMarket and SharesPost.

Why Occupy Oakland protesters chose the port

Nov 3, 2011
As protests heat up in Oakland, we speak to someone on the streets about why they chose the port and what they hope to get out of it.

GlaxoSmithKline reaches $3 billion settlement

Nov 3, 2011
The British drug maker will pay the U.S. government a big settlement, in part because of a Medicaid fraud scheme.

Reports: Greek leader calls off referendum

Nov 3, 2011
Greek Prime Minister George Papandreou has reportedly called off a popular vote on austerity cuts after European leaders said the vote would jeopardize a planned bailout.

In Europe, uncertainty kicks up a notch

Nov 3, 2011
News from Greece this morning is showing the potential for a big political shake-up. That's leaving European and U.S. markets on unstable footing.

New law in Cuba could help ease housing shortage

Nov 3, 2011
Reports are out that Cuban citizens can now buy and sell property for the first time since the country's Communist revolution.

The drama in Europe continues as the Greek government teeters on the brink. The protests of Occupy Oakland heat up and turn violent, after the city's port was shut down early this morning. Food stamps could be on the chopping block with budget cuts in Washington. Groupon goes public, and drug maker GlaxoSmithKline will dish out a $3 billion settlement, in part for Medicaid fraud.

The team

Stephen Ryan Producer, BBC