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Marketplace for Friday, November 9, 2012
Nov 9, 2012

Marketplace for Friday, November 9, 2012

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Fed Chairman Ben Bernanke coined the term "fiscal cliff" to describe that fallout if automatic tax hikes and spending cuts go into effect -- but what else could the situation be called? Amazon has uncorked its new wine marketplace in many states. Kai Ryssdal talks to a gas station owner in New York who is staying open despite not having gas. We hear about the economic benefits to price gouging. And there's a new Archbishop of Canterbury, and he has an unconventional business background.

Segments From this episode

The Pope to join Twitter

Nov 9, 2012
It's a whole new kind of follower.

You're price-gouging? Thank you very much

Nov 9, 2012
Price-gouging during natural disaster is illegal, and New Jersey is prosecuting some gas stations after Hurricane Sandy. But gouging also is a means for distributing more broadly, because it discourages hoarding.

Block that scary metaphor: The fiscal what?

Nov 9, 2012
The automatic income-tax increases and budget cuts scheduled for year's end don't all take effect immediately, so why call it a "fiscal cliff"? Because it gets attention.

Former oil exec is new Archbishop of Canterbury

Nov 9, 2012
The Church of England has named Justin Welby its most senior priest. It may be bad news for British bankers, as Welby is a one-time oil executive who is often critical of what he sees as the excesses of capitalism.

Amazon pops cork on wine store

Nov 9, 2012
Yes, the Internet retail giant is getting into the wine-selling business. Its new online store will offer about 1,000 different kinds.

A gas station...without gas?

Nov 9, 2012
Gas stations in New York and New Jersey continue to face post-storm problems. Not having gas in their pumps.

Keeping tabs on kids' behavior

Nov 9, 2012
ClassDojo, a free app for teachers, aims to help them with classroom management.

Rolling down the fiscal cliff

Nov 9, 2012
Felix Salmon of Reuters and Catherine Rampell from the New York Times discuss the big topic of the day -- the fiscal cliff. Hard to avoid.

Fed Chairman Ben Bernanke coined the term “fiscal cliff” to describe that fallout if automatic tax hikes and spending cuts go into effect — but what else could the situation be called? Amazon has uncorked its new wine marketplace in many states. Kai Ryssdal talks to a gas station owner in New York who is staying open despite not having gas. We hear about the economic benefits to price gouging. And there’s a new Archbishop of Canterbury, and he has an unconventional business background.

Music from the episode

Dame Agua Captain Planet