Aug 22, 2012

Marketplace Morning Report for Wednesday, August 22, 2012

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After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia. Tomorrow, in a New York City courtroom, a bankruptcy judge will decide if another couple billion dollars can be given back to victims of Bernie Madoff's Ponzi scheme. And from late night feedings to the teenage years, there's no question that having children comes with some emotional costs. But what about cold, hard cash?

Segments From this episode

With home building up, will McMansions return?

Aug 22, 2012
Nationwide, home-building permits are at a four-year high. But coming off the Great Recession, is there a market for luxury homes?

The costs of raising a child

Aug 22, 2012
Breaking down the numbers of raising a family. The Department of Agriculture estimates middle-income families will spend about a quarter of a million dollars raising one child.

Judge mulls additional payment to Madoff victims

by
Aug 22, 2012
At issue: Should part of the money earmarked for victims be set aside for interest on lost investments?

Private rail tries for comeback in Florida

Aug 22, 2012
A private firm will offer service between Miami and Orlando, trying to prove that private rail service can compete with Amtrak.

How Russia joining the WTO impacts the U.S.

Aug 22, 2012
After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia.

In Nigeria, former bandits getting government pay

Aug 22, 2012
From Nigeria, the Wall Street Journal has a provocative piece this morning on how the country's protecting its oil industry. The government's paying warlords, thieves and terrorists to guard the same oil pipelines they once plundered.

Court shoots down EPA rule on pollution

Aug 22, 2012
Power plants and air regulators are working through the implications of a new court ruling this morning. The decision shot down an air pollution rule from the Environmental Protection Agency. Now regulators have to go back to the drawing board.

Regulators announce rules to ease pain for underwater homeowners

Aug 22, 2012
Federal regulators announced new rules that should make it easier for underwater homeowners to sell their houses.
A foreclosed home stands boarded up on February 9, 2012 in Islip, New York.
Spencer Platt/Getty Images

Beer makers look to emerging markets

Aug 22, 2012
Today, the Dutch beer giant, Heineken, says its facing sluggish growth because of lagging demand in Europe. It seems, on the whole, Europeans aren’t drinking away their sorrows over the debt crisis – not with beer anyway.

BHP Billiton profits fall, Greece still under pressure

Aug 22, 2012
Shares of BHP Billiton are down this morning, after the mining giant saw profits fall for the first time in three years.

PODCAST: Jimmy Kimmel makes a move, a picnic table gets a motor

Aug 22, 2012
After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It's an economic boon for Russia. Greece has officially asked for more time to make financial reforms required by its bailout agreement with Europe. And late night TV is about to go where it's never gone before. ABC says starting in 2013 it's moving Jimmy Kimmel Live a half hour earlier, to compete head-to-head with Letterman and Leno.
One Canadian man recently decided to add a motor to an everyday picnic table like the one pictured here.
Ezra Shaw/Getty Images

Jimmy Kimmel moves into prime late-night spot

Aug 22, 2012
Late night TV is about to go where it's never gone before. ABC says starting in 2013 it's moving 'Jimmy Kimmel Live' a half hour earlier, to compete head-to-head with Letterman and Leno.

After nearly two decades of negotiations, Russia is now officially a member of the World Trade Organization. It’s an economic boon for Russia. Tomorrow, in a New York City courtroom, a bankruptcy judge will decide if another couple billion dollars can be given back to victims of Bernie Madoff’s Ponzi scheme. And from late night feedings to the teenage years, there’s no question that having children comes with some emotional costs. But what about cold, hard cash?

The team

Stephen Ryan Producer, BBC