The former basketball star says despite an atrocious human rights record and threats to destroy the U.S., Kim Jong Un is humble, peaceful and loved by his people.
The College of Cardinals must first decide on a date for the start of the conclave at which the new pope will be elected. It's likely they'll decide to start sometime next week. Pope Benedict XVI officially stepped down last Thursday.
Global markets have a bevy of news to keep them busy this morning. The Chinese government announced new taxes on housing profits to cool down its booming real estate market. In the U.S., billions of dollars of federal spending cuts, known as the sequestration, are now in effect. And in Europe, markets are still reeling from political uncertainty in Italy following a recent election.
Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to discuss how the markets are digesting the latest economic events.
The Obama administration is not expected to decide whether to approve the controversial Keystone pipeline until this summer, but a new report gives clues about the White House's pipeline strategy.
The pipeline would transport oil from Canada’s tar sands to the U.S. Gulf Coast. And according to the report, that Canadian oil would be developed whether the pipeline is built or not.
Stephen Schork, editor of the energy newsletter the Schork report, agrees.
“That oil is going to the market. It’s either going to get to the market here in the United States or it’s going to get to the market in China, ” says Schork.
But some environmentalists say there would have to be a new pipeline in Canada to get the oil to the Pacific coast -- and there’s opposition to that.
Daniel Kessler, with the group 350.org, says one of the biggest environmental concerns is how much energy it takes just to extract the oil from the tar sands.
"They actually scoop up the earth, they boil it, then they send it down a pipeline to get it refined. So it’s extremely energy intensive and it’s horrible, horrible for the environment," says Kessler.
The report, issued by the U.S. State Department, doesn’t tell us anything about what President Obama thinks, and Obama says he’ll make the final decision on the pipeline.
A young couple gets in a cab for a trip to a hospital. They did not make it. Doctors were able to deliver the pregnant mother's baby, but the little boy reportedly died a day later. Now, police are looking for the driver of a BMW that slammed into their taxi.
Marketplace's Christopher Werth in London joins Morning Report host Jeremy Hobson to discuss the Swiss plan and whether such pay restrictions would ever be adopted in the U.S.