Among the takeaways from congressional votes to approve the bipartisan budget deal: compromise happens, except on taxes and entitlements. And Congress still works. Well, sort of.
JPMorgan and Deutsche Bank are prohibiting the use of some chatrooms amid ongoing investigations of currency manipulation. The move comes after UBS’s investment banking arm did the same last month.
The leader of Ukraine is welcoming a $15 billion early holiday gift from Russia. After weeks of demonstrations from Ukrainians protesting closer links with Russia versus the European Union, the prime minister said the package from Moscow will help Ukraine return to economic growth.
With the year winding down, Marketplace regular Allan Sloan makes some predictions about business and markets in 2014. Bond funds? Bad. Hedge funds for the masses? Very bad. What about the Federal Reserve? Will the stimulus be withdrawn?
Tennis great Billie Jean King and ice hockey medalist Caitlin Cahow will be going to the games. President Obama and first lady Michelle Obama will not be. LGBT advocates say the White House has made clear its displeasure with Russian policies toward gays and others.
How is the U.S. viewed by the international community? It's complicated.
The talent agency William Morris Endeavor made a deal to buy rival agency IMG Worldwide for a cool $2.4 billion. William Morris is best known for representing famous actors and IMG, the company its buying, is known for representing famous athletes.
“There’s increasing interest on the part of these agencies to represent sports clientele rather than acting clientele,” says Andrew Zimbalist, Robert A. Woods Professor of Economics at Smith College. He says the DVR has made it easy to skip over ads in television shows and that’s given an edge to game night.
“People want to watch their sports live, so a lot of advertisers have been migrating to sports rather than doing the traditional television shows.”
That extra ad money has trickled down to athlete’s salaries and corporate sponsorship, Zimbalist says. At the same time, the Hollywood star-scape has changed.
“They come and go much quicker than they ever did in the past,” says Porter Bibb, a managing partner at Media Tech Capital Partners in New York. “Therefore, their monetization potential is a lot less certain.”
Bibb says there’s also less distinction between stars of one kind and another. He predicts football’s Tim Tebow will make more money as a celebrity off the field than he ever did on.
Reports show former Major League Baseball player Ryan Freel, who took his own life last year, suffered from a degenerative brain disease. Injuries like that are usually associated with the hard knocks of football. Host Michel Martin talks with sports writer Pablo Torre about the prevalence of brain injuries in other sports.
New research raises concerns about low graduations rates for black college football players. Host Michel Martin finds out more from education reporter Emily Richmond, and professor Shaun Harper of the University of Pennsylvania's Center for the Study of Race and Equity in Education.