Marketplace Money for Friday, Dec. 9, 2011

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Episode Description 
L.A. Times columnist Tom Petruno has been writing about the economy for more than 30 years. He shares what he's learned about economic cycles, human nature and investing. And with Christmas around the corner, we offer tips on how to explain to kids why Santa didn't get them everything on their wish lists. There is a cheap, but significant gift you can give your child: a digital trust fund. Domain names, social media and e-mail accounts. And when's the last time you visited a bank branch? More branches are closing down, but some communities are fighting to get them back. Plus, an Irish family discusses what it's like to experience more belt-tightening.

How to explain Santa's budget to your kids

Learn tips on how to explain to children why they didn't get everything on their wish lists.
Posted In: holidays, gifts, kids

Building a digital legacy for your children

One father discusses why he bought a digital trust fund for his newborn daughter.
Posted In: kids, Internet, social media

Banks are part of the solution

Banks' reputations have taken a beating since the financial crisis. But one bank CEO says the banking industry can help turn the economy around -- just not all by itself.
Posted In: Banks

This week: The Postal Service, the CFPB (non) confirmation

We talk to one of our Washington reporters about what happened in the news this week.
Posted In: U.S. Postal Service, budget cuts, Consumer Financial Protection Bureau, Richard Cordray, Credit Cards

Austere living in Ireland

Ireland has been in an economic decline since before 2008 and is gearing up for a second round of austerity cuts. We talk to an Irish family about how they're coping in the slumping economy.
Posted In: Ireland

Getting Personal: Financial liabilities of powers of attorney, fund a house or a retirement?

Tess Vigeland and Kathy Kristoff of Kiplinger's magazine answer listeners' personal finance questions.

Piggy Bank Award: An homage, in oils

One fan expressed her love for our show, and hopefulness about the economic future, in a painting.

The economy, then and now

Long-time L.A. Times financial columnist Tom Petruno shares what he has learned about economics and personal finance in his 30-plus years covering the markets.
Posted In: markets

Are brick-and-mortar bank branches still necessary?

With more people banking online, banks are closing branches. But some community leaders say banks that provide face-to-face interactions are still important.
Posted In: Banks, branches

Music from this show

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Sad Song
Au Revoir Simone
night falls
Booka Shade
Hate It Or Love It (Album Version) [feat. 50 Cent] [Clean]
The Game
Shoots
Copy
Oink, Oink Mambo (Digitally Remastered 95)
Chuy Reyes