Posted by Katharine Crnko

For Marketplace Morning Report, Tuesday, January 11, 2011

The investment bank Goldman Sachs will announce 39 accounting changes to disclose how it deals with clients and how it makes money through its own investments.

The president’s oil spill commission is set to release its report this week, and is expected to point fingers at the oil industry. But petroleum companies are counteracting with advertisements about its job creating abilities. Will these help its reputation?

Jeremy Hobson talks to Branko Milanovic, the author of “The Haves and the Have-Nots,” which examines income inequality across the globe, and explains why it’s not always a bad thing.

The Japanese government has pledged about a billion dollars to help with an Irish bailout. Through the purchase of bailout bonds, Japan hopes to help stabilize the euro zone.

China’s largest oil and gas producer has struck a deal with a British energy company.

Congress has budget-cutting on its agenda, and funding for big transportation and infrastructure projects could be in danger. Some are advocating for public-private partnerships, where the private sector would play a major role in helping out.

The Onion — best known as a news parody website and publication — is launching a sports satire TV show on Comedy Central tonight. Jennifer Collins reports on how the jokes will fare on air.

Jeremy Hobson speaks with Juli Niemann, analyst at Smith Moore and Company, about today’s Goldman Sachs report that discloses how much money the investment bank makes on its own trades and investments.

Here are the songs we played:

• Smile — Lily AllenBuy

• Dress Up in You — Belle and SebastianBuy

• Long Ride — Ry CooderBuy

• Please Don’t Go — Mike PosnerBuy

• Sleepy Inside — Irving Buy