Sep 18, 2012

Marketplace Morning Report for Tuesday, September 18, 2012

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You're going to hear a lot today about a videotape that has emerged from a Mitt Romney fundraiser. It features Mitt Romney
describing 47 percent  of the country as people who pay no income tax and can't be convinced not to vote for President Obama. Federal regulators are looking into something strange that happened yesterday in the oil markets. Prices plunged more than $3 a barrel in less than a minute. And the federal farm bill expires at the end of this month. It appears that rather than passing a new one right now, Congress will extend the current law for a few months until after the election. That means lawmakers will put off decisions, like whether to replace direct subsidies for farmers with new forms of support.

Segments From this episode

Would a new farm bill save money?

Sep 17, 2012
Only if crop prices stay high, according to a recent economic study.

Some see energy in abandoned wells

Sep 18, 2012
An oil well may seem pretty useless when the light sweet crude stops flowing. In Texas, researchers and entrepreneurs see a chance to recycle old wells and create geothermal power.

29 million middle-class jobs that don't require a B.A.

Sep 18, 2012
Researchers find more jobs than expected that pay between $35,000 and $72,000 without a university degree.

Transit ridership rises in second quarter

Sep 18, 2012
If you commute to work this morning, how are you getting there? The American Public Transportation Association says lots more of us are taking the bus or the train, according to its latest transit ridership report.

Mitt Romney criticized over comments about taxes

Sep 18, 2012
Republican presidential candidate Mitt Romney says 47 percent of Americans pay no net income tax -- ergo, they are predisposed to vote for President Obama. We break down the numbers.

Oil prices hit steep plunge yesterday

Sep 18, 2012
Federal regulators are looking into something strange that happened yesterday in the oil markets: Prices plunged more than $3 a barrel in less than a minute.

What's good for iPhones is good for FedEx

Sep 18, 2012
Apple says it received two million orders for the iPhone 5 in the first 24 hours of availability. That is good news of course for Apple. It's also good news for shipping companies like Fed Ex.

The numbers behind Mitt Romney's 47% comment

Sep 18, 2012
Mitt Romney is standing by his words from a private fundraiser that were caught on videotape. In the video, Romney says 47 percent of the country pay no income tax and are therefore predisposed to vote for President Obama.

Questions linger over dropping oil prices

Sep 18, 2012
Mid-day yesterday oil prices dropped three dollars in about a minute -- and they have kept falling ever since.

PODCAST: Romney's '47 percent' and oil prices

Sep 18, 2012
Mitt Romney said 47 percent of Americans pay no income taxes. What are the numbers behind that comment? We take a look at what's going on with oil prices, why sales of Apple's iPhone 5 may help shipping companies, and explore the reasons behind the rise in transit ridership. Plus, researchers have found that there are more jobs than expected that pay between $35,000 and $72,000 without a university degree.

You’re going to hear a lot today about a videotape that has emerged from a Mitt Romney fundraiser. It features Mitt Romney
describing 47 percent  of the country as people who pay no income tax and can’t be convinced not to vote for President Obama. Federal regulators are looking into something strange that happened yesterday in the oil markets. Prices plunged more than $3 a barrel in less than a minute. And the federal farm bill expires at the end of this month. It appears that rather than passing a new one right now, Congress will extend the current law for a few months until after the election. That means lawmakers will put off decisions, like whether to replace direct subsidies for farmers with new forms of support.

The team

Stephen Ryan Producer, BBC

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