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Marketplace Morning Report for Wednesday, August 7, 2013
Aug 7, 2013

Marketplace Morning Report for Wednesday, August 7, 2013

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Baby formula makers are in hot water in China again. After tainted baby formula scandals, the Chinese government has fined six companies $110 million in penalties for price fixing. Today is the fifteenth anniversary of the bombings of two U.S. embassies in Africa by Al Qaeda. We look at how that day changed the way the U.S. protects its embassies, and what it's costing taxpayers. And, as students across the country head back to school, a discussion of how public school families are being hit with fees for things like laptops and tablets.

Segments From this episode

After BP spill, Transocean remains pioneer

Aug 7, 2013
The offshore-drilling giant Transocean is tied in with BP in the public imagination because of its involvement in the Deepwater Horizon catastrophe.

Embassy terror changed national security spending

Aug 7, 2013
Fifteen years after the Al Qaeda bombings in East Africa, spending on embassy security has soared -- and not just there.
Secretary of State Madeleine Albright looks  at damage from a bomb at the U.S. embassy in Dar Es Salaam, Tanzania where 10 people were killed and 72 injured from a bomb blast, at almost the same time as another bomb went off in Nairobi, Kenya on August 7, 1998.
ALEXANDER JOE/AFP/Getty Images

China fines companies for baby formula price fixing

Aug 7, 2013
Baby formula companies are in the hot seat in China again.

Public school families hit with fees as kids go back to school

Aug 7, 2013
Public school is supposed to be free, but around the country families are being asked to foot the bill for laptops and tablets for their students.
School teacher Liza Gleason shops for back to school supplies at a Target store in Daly City, California.
Justin Sullivan/Getty Images

Many teachers schedule summer babies

Aug 7, 2013
With limited maternity leave, many teachers try to have their babies during the summer break.

U.S. accuses Bank of America of mortgage-backed securities fraud

Aug 7, 2013
The Department of Justice and the SEC are both suing Bank of America for allegedly misleading investors about the risks of mortgage-back securities.

Freddie Mac is in the money

Aug 7, 2013
The government-backed mortgage lender just posted its second largest profit in history.
The Freddie Mac offices on August 11, 2010, in McLean, Virginia
PAUL J. RICHARDS/AFP/Getty Images

PODCAST: After BP spill, Transocean still going strong

Aug 7, 2013
Freddie Mac just posted its second largest profit in history. The offshore-drilling giant Transocean is tied in with BP in the public imagination because of its involvement in the Deepwater Horizon catastrophe but is stronger than ever today. And, with limited maternity leave, many teachers try to have their babies during the summer break.
Fire boats battle a fire at the off shore oil rig Deepwater Horizon April 21, 2010 in the Gulf of Mexico off the coast of Louisiana.
U.S. Coast Guard via Getty Images

Baby formula makers are in hot water in China again. After tainted baby formula scandals, the Chinese government has fined six companies $110 million in penalties for price fixing. Today is the fifteenth anniversary of the bombings of two U.S. embassies in Africa by Al Qaeda. We look at how that day changed the way the U.S. protects its embassies, and what it’s costing taxpayers. And, as students across the country head back to school, a discussion of how public school families are being hit with fees for things like laptops and tablets.

The team

Stephen Ryan Producer, BBC