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Marketplace Morning Report for Wednesday, July 11, 2012

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In Ceder Falls, Iowa, the brokerage firm Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code amid accusations from federal regulators that Peregrine misused customer funds. In Washington today, the House Agriculture Committee is set to take up the Farm Bill — which sounds like legislation that’s all about farming, but in fact about three-quarters of it goes to fund food stamps and other nutrition programs. And in today’s Money Matters segment, we focus on the financial decisions that families face when caring for an elderly relative.

Segments From this episode

Legislators rule prediction of rising sea out of bounds

by Eve Troeh Jul 11, 2012
North Carolina's legislature put aside the latest predictions of rising sea levels, for coastal planning purposes, in favor of more study. Long-term predictions of a three-foot rise by 2010 could needlessly hurt development, critics said.

Why are food stamps part of the Farm Bill?

by Nancy Marshall-Genzer Jul 11, 2012
The food assistance program grew from rural efforts to get urban support for farm subsidies.

A new CEO still may not save Yahoo

by Queena Kim Jul 11, 2012
It's widely expected that interim CEO Ross Levinsohn will get the permanent title at today's shareholders meeting at Yahoo. But will anything change for the struggling company?

Peregrine Financial Group to liquidate under Chapter 7

by David Gura Jul 11, 2012
Last night, Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code, amid accusations from federal regulators that Peregrine defrauded customers and hid losses.
Money Matters

The costs of taking care of an elderly relative

by Adriene Hill Jul 11, 2012
Taking a look at how to provide for an elderly relative who is having trouble taking care of himself or herself.

Russia could pass controversial Internet bill

by Marketplace Contributor Jul 11, 2012
If you load the Russian version of Wikipedia today, you'll find a big pink bar across the top. And the site shut itself down completely yesterday to protest an Internet bill that looks likely to pass the Russian parliament. Human rights groups are also up in arms.

Peregrine Financial bankruptcy spotlights weak regulation

by Marketplace Contributor Jul 11, 2012
Brokerage firm Peregrine Financial is liquidating amid allegations that it defrauded customers and lied to federal regulators.

American Airlines could be soaring towards merger

by Jeremy Hobson Jul 11, 2012
AMR, the parent company of American Airlines, says it is reaching out to other airlines in search of a merger. US Airways has previously shown very public interest in joining forces.
The Punchline

The best states for business in 2012

by Jeremy Hobson Jul 11, 2012
CNBC has come out with its annual ranking of the best states for business. This year, Texas was number one.

Peregrine Financial shakes futures industry

by Marketplace Contributor Jul 11, 2012
The allegations against brokerage firm Peregrine Financial shed light on weak regulations of the futures industry. Analysts point to MF Global missing funds similarities.

Tax rates hit historic low in 2009

by Jeff Horwich Jul 11, 2012
A new report from the Congressional Budget Office says the tax rates paid by most Americans were at near-record lows in 2009. Who's paying less, who's paying more, and what's causing the change?
Mid-day Update

PODCAST: The best states to do business, the best Internet cat videos

by Katie Long Jul 11, 2012
In Ceder Falls, Iowa, the brokerage firm Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code amid accusations from federal regulators that Peregrine misused customer funds. In Washington today, the House Agriculture Committee is set to take up the Farm Bill -- which sounds like legislation that's all about farming, but in fact about three-quarters of it goes to fund food stamps and other nutrition programs. And in today's Money Matters segment, we focus on the financial decisions that families face when caring for an elderly relative.

The appeal of picking the first option

by Jeremy Hobson and Jeff Horwich Jul 11, 2012
We live in a world full of options: 50 different kinds of cereal, hundreds of iPhone apps. But a new study has found that people consistently choose the options that are thrown at us first.

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