Marketplace Morning Report for Tuesday September 16, 2014
Sep 16, 2014

Marketplace Morning Report for Tuesday September 16, 2014

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First up, the California Public Employee's Retirement System, better known as Calpers, is the country's largest public pension fund with an enormous $300 billion in assets. So when Calpers acts, investors take notice. Now, Calpers has said it's going to completely shed hedge funds from its portfolio of investments. Plus, it seems like student loan debt will never go away. Well, a new report from the Government Accountability office says, that can actually be the case. We investigate. Also, on Thursday the people of Scotland vote in a crucial referendum. They will decide whether they want to separate from the rest of the UK. Pro-independence campaigners claim that if they do, they’ll each be at least $1600 a year better off. But this rosy scenario is partly based on North Sea oil, whose ownership is up for debate.

 

Segments From this episode

You may see $3 a gallon for gas in your lifetime

Sep 16, 2014
The global glut of oil is pushing gasoline prices down.

Scotland's oil...or is it?

Sep 16, 2014
Scottish independence advocates are banking on the country's oil resources.

Rising numbers of seniors are paying off student loans

Sep 16, 2014
Between 2004 and 2010, the number of seniors with student loan debt quadrupled.

A place to store your end-of-life wishes

Sep 16, 2014
A web-based system aims to use technology to ease end-of-life decision making.

PODCAST: The falling price of gas

Sep 16, 2014
The economy of climate change, cheap gas, and end of life apps.

Calpers ditches hedge funds

Sep 16, 2014
The country's largest public pension fund is pulling out of hedge funds.

First up, the California Public Employee’s Retirement System, better known as Calpers, is the country’s largest public pension fund with an enormous $300 billion in assets. So when Calpers acts, investors take notice. Now, Calpers has said it’s going to completely shed hedge funds from its portfolio of investments. Plus, it seems like student loan debt will never go away. Well, a new report from the Government Accountability office says, that can actually be the case. We investigate. Also, on Thursday the people of Scotland vote in a crucial referendum. They will decide whether they want to separate from the rest of the UK. Pro-independence campaigners claim that if they do, they’ll each be at least $1600 a year better off. But this rosy scenario is partly based on North Sea oil, whose ownership is up for debate.

 

The team

Stephen Ryan Producer, BBC