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Marketplace Morning Report for Wednesday, October 23, 2013
Oct 23, 2013

Marketplace Morning Report for Wednesday, October 23, 2013

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The debt ceiling debate is back. But don't worry, this time it's in Australia. The newly elected conservative government there needs to raise its limit on new borrowing, and there are echoes of the debate that brought the U.S. to the brink of default last week. JPMorgan Chase, the biggest of banks, is reportedly close to paying $6 billion to settle claims by big institutional investors that they were sold bad mortgage-backed securities. That's not to be confused with the other settlements JPM is confronting, including the possible $13 billion one with the federal government. And, tonight is game one of the World Series. In an era of TV that's easy to time-shift, people watching live is a big deal for advertisers.

Segments From this episode

The global problem of illegal logging

Oct 23, 2013
A federal probe into a Virginia household wood company has revealed a larger, worldwide problem with poached wood.

Kickstart your startup! SEC votes on crowdfunding

Oct 23, 2013
The SEC considers rules for allowing companies to raise money online.

Debt ceiling debate goes down under

Oct 23, 2013
Australia's debt ceiling debate didn't look too much like America's.

JPMorgan close to $6 billion settlement with investors

Oct 23, 2013
The biggest of the banks is reportedly gearing up for another massive settlement, but that may not be JPMorgan's biggest problem.

American Realty to buy Cole

Oct 23, 2013
How's the real estate market doing in 2013?

Judge hears arguments over whether Detroit is eligible for bankruptcy

Oct 23, 2013
The city says it can't pay for the $18 billion in long-term liabilities it has accumulated.

Doesn't matter who wins the World Series, networks and advertisers score

Oct 23, 2013
The World Series starts and big sporting events like this still bring what advertisers want -- live viewers.

PODCAST: The global impact of illegal logging

Oct 23, 2013
The SEC considers rules for allowing companies to raise money online. The city of Detroit tells a judge it can't pay for the $18 billion in long-term liabilities it has accumulated.

The debt ceiling debate is back. But don’t worry, this time it’s in Australia. The newly elected conservative government there needs to raise its limit on new borrowing, and there are echoes of the debate that brought the U.S. to the brink of default last week. JPMorgan Chase, the biggest of banks, is reportedly close to paying $6 billion to settle claims by big institutional investors that they were sold bad mortgage-backed securities. That’s not to be confused with the other settlements JPM is confronting, including the possible $13 billion one with the federal government. And, tonight is game one of the World Series. In an era of TV that’s easy to time-shift, people watching live is a big deal for advertisers.

The team

Stephen Ryan Producer, BBC