Marketplace Money for Friday, May 11, 2012

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Episode Description 
Two billion dollars. That's how much money JPMorgan Chase says it lost in just the last few weeks, because of risky stock market trades. Maybe that's why so many Americans have stopped investing. We'll ask what the finance industry is doing to stop that behavior. College graduates are drowning in debt. And if you've had experience with the system we use to pay for higher ed, you know why. Arguments for and against financial aid and whether you have the right to go to college. Plus we'll visit the local ballfield and a New York ballet studio and ask parents how much they're spending to keep their kids on the field and en pointe.

The price of staying en pointe

It's not just blood, sweat and tears that makes a prima ballerina. It takes a lot of money to take center stage too.
Posted In: ballet, career, kids

Is higher education a right?

The value of outstanding student loans in America just past the $1 trillion mark, we sat down with economists Robert Reich and Neal McCluskey to discuss America's newest crisis.
Posted In: loan student debt, crisis, reich, mccluskey, education costs

Getting your own slice of the Facebook IPO

There's a lot of hype over the upcoming Facebook IPO. We have a reality check and advice for those of you waiting impatiently for its launch.
Posted In: Facebook, IPO, frenzy, Investing, hype, Wall Street

Restoring trust in Wall Street

CFA Institute President and CEO John Rogers wants to restore the public trust of the financial system. A bridge too far?
Posted In: Wall Street, Trust, john rogers, cfa institute, ethics

Bigger, faster, stronger: The rising cost of youth sports

Tess talks to author Mark Hyman about the arms race to give our kids an advantage on the playing field.
Posted In: children, Sports, spending

Letters: Creating a paper trail

Our weekly dive into the mail bag, and L.A. Times personal finance columnist David Lazarus helps a caller with a question about record-keeping.
Posted In: Personal Finance, listener mail, peter morici, paddy hirsch, david lazarus, student loans, credit scores, Credit Cards, marriage

My mom, the comeback kid

Jen Miller's face -- and her money habits -- mirror her mother's.
Posted In: Personal Finance, parents, mom, mother's day

Music from this show

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Da Funk
Daft Punk
Starships
Nicki Minaj
Cape Cod Kwassa Kwassa
Vampire Weekend