Marketplace for Thursday, July 26, 2012
After its disappointing IPO, Facebook releases its first ever earnings report today. Bankrupt cities across the nation are turning to drastic measures -- some are walking away from their financial obligations. The ice sheet on the surface of Greenland is melting at an unprecedented rate. College campuses across the nation are revamping their gyms into state of the art fitness centers to woo prospective students, and it's proving to be costly. Credit card companies once said that the Credit Card Accountability Act would destroy profits, but now some are praising it. And Tess Vigeland talks to Virginia Sole-Smith about her article on Mary Kay Cosmetics and its 'Pink Pyramid Scheme.'