Posted by Katharine Crnko
For Marketplace Morning Report, Tuesday, January 11, 2011
Illinois state legislators passed a 66 percent income tax increase in an effort to close a $15 billion hole in the state budget.
New data shows that home prices are falling again, while mortgage rates are up .75 percent since late fall. Foreclosures are dragging the market down even farther. Mitchell Hartman reports on the possibility of a double-dip in the housing market.
The e-book market continues to gain more customers, but there is still one part of the traditional book market that finds itself thriving -- hardbacks. Sales in the U.K. have increased, thanks to hardbacks' decorative appeal and endurance.
A landmass one and a half times the size of Texas is still underwater in Australia. Stuart Cohen explains what this means for the Australian, and global economy.
Many criticized Airbus's announcement to upgrade the A320 NEO with a more fuel efficient engine. According to Airbus rival, Boeing, most airlines would prefer to wait for an all-new model. However in light of a recent sale, Boeing may be following in Airbus's footsteps.
Steve Chiotakis talks to Wall Street Journal columnist Brett Arends about why he believes California isn't in as bad shape as everyone says it is.
Jeremy Hobson speaks to Amanda Vinicky, Statehouse Bureau Chief for WUIS Illinois Public Media, and John Dimsdale, Marketplace Washington Bureau Chief about the tax increase decisions in Illinois, and the implications for the rest of the country.
Walmart has been trying to open stores in New York City for nearly a decade, but has always been met with fierce opposition from lawmakers and unions. Now the retailer is taking its message straight to the citizens themselves.
Jeremy Hobson speaks with Richard DeKaser of the Parthenon Group about the European debt crisis, and the purchase of Portugal's debt.
For the first time, China's largest state bank is allowing its customers to trade its currency in the United States. And it has some people talking about the Yuan becoming a global currency.
It's been one year since Haiti was struck by massive earthquake. The magnitude 7.0 quake killed an estimated 300,000 people, and injured thousands of citizens.
Here are the songs we played: