May 29, 2012

Marketplace Morning Report for Tuesday, May 29, 2012

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Greek voters will return to the polls in less than three weeks. The results of the election could determine whether Greece stays in the euro zone or exits in a messy divorce that would disrupt the global economy. Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections. Today is the Texas primary. Polls show voters tend to care about the economy and immigration, but education policy is growing in importance. The food truck scene -- once a trendy diversion -- is now a normal part of city life. Sizzler and other national chains hope to take advantage.

Segments From this episode

Voters push education policy in Texas

May 29, 2012
Today is the Texas primary. Polls show voters tend to care about the economy and immigration, but education policy is growing in importance.

Study says Americans prefer walkable neighborhoods

New research from the Brookings Institution says Americans will pay up to $1,500 more in rent every month to live in a "walkable" neighborhood -- say, a place near their dry cleaners or grocery store or favorite restaurant.
A man walks by a McSorley's bar in the East Village of New York City.
Spencer Platt/Getty Images

Australia looks to import millionaire investors

May 29, 2012
Starting July 1, Australia will offer permanent residency to anyone willing to invest $5 million in an Australian company, venture capital fund, or government bonds.

Law firm Dewey & LeBoeuf files for bankruptcy

May 29, 2012
Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections.

History and pedigree do not guarantee survival for Dewey

May 29, 2012
Dewey & LeBoeuf filed for bankruptcy protection last night. In the last half century, large corporate law firms have enjoyed an enormously lucrative run. Although in the last four to five years revenue has flattened out.

Patent wars boost patent lawyers

May 29, 2012
With tech companies in expensive battles over patents and copyrights, intellectual property lawyers are in the money.

Poll shows Greeks favor EU bailout

May 29, 2012
A poll this weekend shows Greek voters support politicians who favor the EU bailout of Greece. Elections earlier this month rattled the markets when voters came out in favor of political groups that opposed the bailout and austerity.

Restaurant chains increase appetite for food trucks

May 29, 2012
The food truck scene was a trendy diversion. Now it's a normal part of city life. Sizzler and other national chains hope to take advantage.

China and Japan cut out the middleman

May 29, 2012
China and Japan move to trade each other's currencies directly, without using the U.S. dollar to set the exchange rate. The change is a new step toward a world where the dollar is not last word in global currencies.

Housing market may finally be bottoming out

May 29, 2012
Housing prices in March were up a tiny bit from the month before, but it is the first time in seven months that the data hasn't shown a decline.

Guaranteed pay agreements sink Dewey & LeBoeuf

May 29, 2012
Law firm Dewey & LeBoeuf lured partners to their firm through guaranteed compensation deals. As revenues started falling off due to the U.S. recession, Dewey still owed millions of dollars in guaranteed pay.

PODCAST: Robot teacher, study says 'walk this way'

May 29, 2012
Greek voters will return to the polls in less than three weeks. The results of the election could determine whether Greece stays in the euro zone or exits in a messy divorce that would disrupt the global economy. Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections. Today is the Texas primary. Polls show voters tend to care about the economy and immigration, but education policy is growing in importance. The food truck scene -- once a trendy diversion -- is now a normal part of city life. Sizzler and other national chains hope to take advantage.

Greek voters will return to the polls in less than three weeks. The results of the election could determine whether Greece stays in the euro zone or exits in a messy divorce that would disrupt the global economy. Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections. Today is the Texas primary. Polls show voters tend to care about the economy and immigration, but education policy is growing in importance. The food truck scene — once a trendy diversion — is now a normal part of city life. Sizzler and other national chains hope to take advantage.

The team

Stephen Ryan Producer, BBC