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Marketplace for Monday, March 17, 2014
Mar 17, 2014

Marketplace for Monday, March 17, 2014

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The Chinese company Alibaba is squaring up to sell its shares to the public here in the U.S. The IPO is expected to be the biggest since Facebook. But what is Alibaba? It’s a lot more (and a lot more profitable) than just a Chinese Amazon.  Plus: Crimeans have voted overwhelmingly for the territory to secede from Ukraine and join Russia. This is a big political victory for Russia’s leaders but some estimate that Russia will need to spend $10 billion each year for the next 5 years to build infrastructure, pay pensions and benefits to the 2 million residents. And finally: If you get the entire NCAA bracket right, you can win $1 billion from Quicken Loans. But the odds are hugely against you: 1 in 9 quintillion. 

Segments From this episode

The U.S. relies on transformers - and that's a little scary

Mar 13, 2014
The failure of just nine utility substations, and the closing of one factory, could blackout the entire U.S. for 18 months.

Guess the NCAA bracket! Your odds are 1 in 9 quintillion!

Mar 17, 2014
So what is certain about this promotion? That Dan Gilbert, the businessman who owns Quicken Loans, gets several million sales leads by people registering for the game.

Why the business card keeps on keepin' on

Mar 17, 2014
Even in the digital age, paper business cards find a way to stand out now and then.

Do you wanna live forever?

Mar 17, 2014
Marketplace Datebook for Tuesday, March 18, 2014

The price of winning Crimea

Mar 17, 2014
A big political victory for Russia’s leaders will come with costs -- Crimea depends on Ukraine for water, energy, food and 70 percent of its budget.
A youth walks through a nearly empty Lenin Square in central Simferopol on March 17, 2014. Crimea declared independence today and applied to join Russia while the Kremlin braced for sanctions after the flashpoint peninsula voted to leave Ukraine in a ballot that has fanned the worst East-West tensions since the Cold War. 
Filippo Monteforte/AFP/Getty Images

Alibaba is more than 'a Chinese Amazon'

Mar 17, 2014
It's a lot more profitable, too.

With no elephants around, the Chinese keep buying ivory

Mar 17, 2014
The new middle class in China has a booming demand for the banned product.

The government's getting out of the Internet business

Mar 17, 2014
It's not magic fueling marketplace.org, says the CEO of ICANN.

The supposed Bitcoin inventor got a lawyer

Mar 17, 2014
And now we may never know if he's the one or not.

The Chinese company Alibaba is squaring up to sell its shares to the public here in the U.S. The IPO is expected to be the biggest since Facebook. But what is Alibaba? It’s a lot more (and a lot more profitable) than just a Chinese Amazon.  Plus: Crimeans have voted overwhelmingly for the territory to secede from Ukraine and join Russia. This is a big political victory for Russia’s leaders but some estimate that Russia will need to spend $10 billion each year for the next 5 years to build infrastructure, pay pensions and benefits to the 2 million residents. And finally: If you get the entire NCAA bracket right, you can win $1 billion from Quicken Loans. But the odds are hugely against you: 1 in 9 quintillion. 

Music from the episode