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Marketplace Morning Report for Tuesday, December 10, 2013
Dec 10, 2013

Marketplace Morning Report for Tuesday, December 10, 2013

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The final text of the so-called Volcker rule is set to debut this morning. The controversial centerpiece of the Dodd-Frank financial reform law that came out of the 2008 economic collapse, the Volcker rule will attempt to limit this proprietary trading in the interest of avoiding another taxpayer bailout of Wall Street. Officials in China are worried that credit there got too easy, fueling what might be a speculative bubble. Some Chinese lenders have used borrowing between banks as a disguise for some of their riskier ventures. But interbank lending is a bedrock part of the legitimate financial system and some foreign banks are feeling caught up in China's crackdown. And, this week, Marketplace's Wealth and Poverty Desk is taking a deep dive into philanthropy. Today, we meet someone who's learned a few lessons about grant-making, the hard way. 

Segments From this episode

The realities -- and pitfalls -- of giving away money

Dec 10, 2013
One philanthropist passes on lessons she's learned, including the risks of "following your passion" without doing your homework

Get excited for V-Day: Volcker Rule day!

Dec 10, 2013
Banks are eager to get a look at the rules on hedging -- and they'll also keep an eye on rules for CEO and board members.

China cracks down on interbank lending

Dec 10, 2013
But interbank lending is a bedrock part of the legitimate financial system and some foreign banks are feeling caught up in China's crackdown.

Nobel Prize in Economics winner Lars Peter Hansen on imperfect models

Dec 10, 2013
Nobel Prize in Economics winner Lars Peter Hansen discusses his work.

More women should major in business or engineering to close pay gap: Study

Dec 10, 2013
A new study suggests that having more women getting degrees from Stanford or Harvard matters far less than having more women getting degrees in engineering or business.

Mary Barra named as first female CEO of General Motors

Dec 10, 2013
Mary Barra, the current global head of product development at GM, will become chief executive in January.

The NSA’s virtual spies in 'World of Warcraft' -- on a fool’s mission?

Dec 10, 2013
Virtual worlds already have “bad guys” -- and company spies.

PODCAST: GM picks first female CEO

Dec 10, 2013
Mary Barra, the current global head of product development at GM, will become chief executive in January. The Volcker Rule went public today. And, Nobel Prize in Economics winner Lars Peter Hansen discusses his work.

The final text of the so-called Volcker rule is set to debut this morning. The controversial centerpiece of the Dodd-Frank financial reform law that came out of the 2008 economic collapse, the Volcker rule will attempt to limit this proprietary trading in the interest of avoiding another taxpayer bailout of Wall Street. Officials in China are worried that credit there got too easy, fueling what might be a speculative bubble. Some Chinese lenders have used borrowing between banks as a disguise for some of their riskier ventures. But interbank lending is a bedrock part of the legitimate financial system and some foreign banks are feeling caught up in China’s crackdown. And, this week, Marketplace’s Wealth and Poverty Desk is taking a deep dive into philanthropy. Today, we meet someone who’s learned a few lessons about grant-making, the hard way. 

The team

Stephen Ryan Producer, BBC