Jeff Horwich is the interim host of Marketplace Morning Report and a sometime-Marketplace reporter. He is the former host of "In The Loop" from Minnesota Public Radio and a former business and economics correspondent for MPR. He is a graduate of Duke University and has a Master's in applied economics from the University of Minnesota.
About 350,000 students in Chicago will be back in the classroom this morning. The oil and gas company Anschutz is planning to sell its sports and entertainment operation called AEG, which is about the biggest name in Los Angeles sports, with the possible exception of Kobe Bryant. AEG could fetch several billion dollars. And the National Association of Home Builders says builder sentiment is at the highest level in six years -- so what if you want to get into the housing market right now?
Mitt Romney said 47 percent of Americans pay no income taxes. What are the numbers behind that comment? We take a look at what's going on with oil prices, why sales of Apple's iPhone 5 may help shipping companies, and explore the reasons behind the rise in transit ridership. Plus, researchers have found that there are more jobs than expected that pay between $35,000 and $72,000 without a university degree.
If you commute to work this morning, how are you getting there? The American Public Transportation Association says lots more of us are taking the bus or the train, according to its latest transit ridership report.
Posted In: General Motors, bailout, U.S. Treasury
According to a piece in this morning's Wall Street Journal, the U.S. Treasury's welcome at General Motors is wearing thin. GM is reportedly pushing for the government to sell most or all of its remaining stake -- currently about a quarter of the company. But the Obama administration seems to be in no hurry to exit.
Posted In: Mitt Romney, Hispanic, U.S. Chamber of Commerce
This morning Mitt Romney is set to speak before the U.S. Hispanic Chamber of Commerce. Romney seems to have achieved a small bounce among Hispanics after the Republican National Convention. Today is another chance to reach out to those critical voters.
Posted In: Housing, mortgage, Fannie Mae
This week, Fannie and Freddie quietly put out some "clarifying language" that could mean a lot to some beleaguered homeowners in California and in other states.