02/27/09
Marketplace Morning Report for Friday, February 27, 2009
Episode Description:
Marketplace Morning Report for Friday, February 27, 2009
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1
Green jobs can sustain middle class
Vice President Joe Biden is championing the middle class by promoting a rise in the green jobs sector. Ashley Milne-Tyte explains the correlation between the two and why green jobs are expected to grow fast in coming years.
2
U.S. taxpayers now own Citigroup stock
Citigroup says this morning, it reached a deal that gives U.S. taxpayers 36 percent stake in the bank. Bill Radke goes deeper into the deal with Marketplace's Dan Grech, who explains why the administration moved forward with the plan.
3
African art that's Made in China
African craft artists pump about $300 million into the economy. But the locals are finding it tougher to compete with factories in China making replicas of their crafts. Gretchen Wilson explores how this is a form of identity theft.
1
Can small biz owners dodge new tax?
President Obama wants to finance health care reform by rolling back tax cuts and deductions for people earning more than $250,000. Mitchell Hartman reports whether that tax increase will punish small businesses.
0
AIG shedding parts to recoup billions
AIG is selling off parts to recover from its losses, including its Asian life insurance division, which grows by 20 percent every year. Scott Tong reports why AIG needs to sell even a profitable wing.
1
Questions for the Whiteboard
Marketplace Senior Editor Paddy Hirsch can usually be found answering questions on complex financial terms at the Marketplace Whiteboard. Today, Renita Jablonski asks him some additional questions from listeners in the studio.
0
Buffett reports honest over earnings
Warren Buffett's company, Berkshire-Hathaway, releases its earnings today. Analysts are predicting a dismal report, but Rico Gagliano reports why Buffett's shareholder letters still command respect.
1
Fannie Mae seeks its federal lifeline
Fannie Mae reported yesterday it lost nearly $60 billion last year. Now, the government-backed mortgage company is tapping its federal line of credit. Dan Grech reports how much the company will need to stay afloat.
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