Marketplace Morning Report for Tuesday, October 14, 2014
Oct 14, 2014

Marketplace Morning Report for Tuesday, October 14, 2014

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A lot of lending isn't subject to regulation; It takes place in what's called the shadow banking sector. The players are hedge funds, money market funds, and private equity groups. This posed a big problem during the financial crisis, as there wasn't enough liquidity. Now, international regulators have come up with a new rule designed to keep that from happening again. Plus, many banks are expected to announce quarterly earnings today, and many analysts expect to see profits in a place that's hasn't been that exciting, traditionally: credit cards. And the French economist Jean Tirole is the newest Nobel laureate. The Swedish Academy called him "one of the most influential economists of our time."

Tirole's spent his career studying regulation and how markets work, concluding different sectors have to be regulated differently. A few hours after Jean Tirole was named the recipient of this year's Nobel Memorial Prize in Economic Science, we spoke with him by phone.

 

Segments From this episode

A conversation with Jean Tirole, Nobel Prize winner

Oct 13, 2014
The story of the missed call that ended with a Nobel Prize for Jean Tirole.

Giving voice to London's statues

Oct 14, 2014
From Queen Victoria to Sherlock Holmes, London's statues can talk.

Banks seek profits in credit cards

Oct 14, 2014
Many analysts are looking for profits in a traditionally dull place: credit cards.

The magic number in fighting Ebola

Oct 14, 2014
Healthcare workers must get the transmission rate below the number one.

PODCAST: Talking statues

Oct 14, 2014
OPEC cuts oil prices, Google vs. Amazon, and talking statues.

Google expands delivery service

Oct 14, 2014
New front in the battle for online customers: same-day delivery.

A lot of lending isn’t subject to regulation; It takes place in what’s called the shadow banking sector. The players are hedge funds, money market funds, and private equity groups. This posed a big problem during the financial crisis, as there wasn’t enough liquidity. Now, international regulators have come up with a new rule designed to keep that from happening again. Plus, many banks are expected to announce quarterly earnings today, and many analysts expect to see profits in a place that’s hasn’t been that exciting, traditionally: credit cards. And the French economist Jean Tirole is the newest Nobel laureate. The Swedish Academy called him “one of the most influential economists of our time.”

Tirole’s spent his career studying regulation and how markets work, concluding different sectors have to be regulated differently. A few hours after Jean Tirole was named the recipient of this year’s Nobel Memorial Prize in Economic Science, we spoke with him by phone.

 

The team

Stephen Ryan Producer, BBC