Marketplace Morning Report for Wednesday August 13, 2014
First up, Chinese authorities have launched an anti-trust investigation into a handful of luxury car brands accused of jacking up prices on cars and car parts in China. Companies like BMW, Land Rover, Mercedes and Audi are madly slashing prices to try and appease regulators. More on the cars, which are said to be as much as four times more expensive in China than they are elsewhere in the world. Plus, when you think of summer camp, maybe you think of time for swimming, or crafts. But if you're a student at Steam Summer Camp in Brooklyn, it's time to learn about gentrification. The campers are studying their community and the housing issues they see and live with.
First up, Chinese authorities have launched an anti-trust investigation into a handful of luxury car brands accused of jacking up prices on cars and car parts in China. Companies like BMW, Land Rover, Mercedes and Audi are madly slashing prices to try and appease regulators. More on the cars, which are said to be as much as four times more expensive in China than they are elsewhere in the world. Plus, when you think of summer camp, maybe you think of time for swimming, or crafts. But if you’re a student at Steam Summer Camp in Brooklyn, it’s time to learn about gentrification. The campers are studying their community and the housing issues they see and live with.
