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Marketplace Morning Report
Monday - Friday 5:50am and 7:50am
Steve Chiotakis and Jeremy Hobson
Marketplace Morning Report is the morning sister program from Marketplace. It's the morning business news "for the rest of us" in the time it takes you to drink your first cup of coffee.
Thursday, December 12, 2013 4:57amFor the past two years, Apple has allowed outside inspectors to examine factory conditions for the Chinese workers who make iPads, iPhones, and the company's other iconic products. Today, the Fair Labor Association released its final report on three factories run by the Apple supplier Foxconn. And, there are 9 out of 10 chances that the orange juice you just had comes from Florida -- or maybe the juice you didn't have because of the high prices. A look at an orange tree disease that's changings the economics of breakfast.
Wednesday, December 11, 2013 4:41am12-11-13 Morning Report - Peter and Jennifer Buffett on the 'Charitable-Industrial Complex'President Obama is calling a surprise bipartisan budget agreement in Congress a good first step. The deal will roll back some of the across-the-board sequester cuts to the budget while at the same time raising fees on things like the security surcharge on airline tickets. If the deal is approved, federal pensions will change. And, not long ago, Peter Buffett sent a frisson through the world of philanthropy with a recent op-ed piece saying a lot of charity gets it wrong. Buffett presides over a major philanthropy along with his wife, Jennifer. Their foundation works to empower girls and women globally and to foster locally-focused economies. Jennifer and Peter Buffett tell Marketplace Morning Report why philanthropies have to watch out for the unintended consequences of their giving.
Tuesday, December 10, 2013 4:38amThe final text of the so-called Volcker rule is set to debut this morning. The controversial centerpiece of the Dodd-Frank financial reform law that came out of the 2008 economic collapse, the Volcker rule will attempt to limit this proprietary trading in the interest of avoiding another taxpayer bailout of Wall Street. Officials in China are worried that credit there got too easy, fueling what might be a speculative bubble. Some Chinese lenders have used borrowing between banks as a disguise for some of their riskier ventures. But interbank lending is a bedrock part of the legitimate financial system and some foreign banks are feeling caught up in China's crackdown. And, this week, Marketplace's Wealth and Poverty Desk is taking a deep dive into philanthropy. Today, we meet someone who's learned a few lessons about grant-making, the hard way.
Monday, December 9, 2013 4:29amOver the last four days, China's commercial capital Shanghai has been smothered by its worst air pollution on record. Buildings were invisible from the waist up, flights were canceled, and city vehicles have been ordered off the roads as people stay indoors, hunkered down around their particle filters. And, today Marketplace's Wealth and Poverty Desk launches a series called A Lot to Give. It's about high-wealth philanthropy, which is sometimes defined as people who give a million dollars or more. It turns out there are some 80,000 private charitable foundations operating in the U.S. today. And you don't have to be crazy rich to launch one.
Friday, December 6, 2013 4:55amNelson Mandela, the man who lead South Africa to end apartheid and served as an inspiration to many around the world, died yesterday at 95. His death is a reminder of how economics can be a tool of oppression as well as a tool of liberation. The government's official jobs numbers are out this morning. With unemployment in the U.S. still over 7 percent but new jobs being created at a slow but steady clip now, there are lots of people applying for virtually every position advertised. Most of these applicants are screened by a computerized "applicant tracking system." But some applicants are being left out and companies are trying to put the human touch back into the screening process.