Marketplace Morning Report for Friday, October 31, 2008

Episode Description 
Marketplace Morning Report for Friday, October 31, 2008

Investors fear European defaulting

With European governments spending billions to bail out banks, investors are buying insurance against countries defaulting. Megan Williams looks into popular doubt that some countries can repay their debt.

Even Warren Buffett struggles to earn

Berkshire Hathaway releases its third-quarter profits today, and if they look anything like second-quarter earnings, they'll be dropping. Janet Babin reports why this news might be OK for the average investor.
Posted In: Investing, Wall Street

Barclays finds support in Middle East

British bank Barclays said it would get $12 billion from the Middle East, mainly from sovereign wealth funds in Quatar and Abu Dhabi. Stephen Beard reports why the bank would rather go anywhere but the British government.

4th-quarter estimates a bit too positive

Analysts are projecting growth of up to 30% for company earnings in the coming quarter. This may seem unlikely given the financial climate, but Ashley Milne-Tyte reports something may be skewing the estimate.
Posted In: Wall Street

Working to keep the music going

The conflict of music versus art rages on, but some artists are happy to work a day job so they can keep playing. Joshua McNichols talks to musicians in Seattle to find out what else they do to pay the bills.
Posted In: Entertainment, Jobs

Job market not fair to job fair market

With the unemployment rate in the U.S. climbing ever higher, it would seem like a good time to be in the job fair business. But job fair producers are hurting for money, even with attendance up. Renita Jablonski reports.
Posted In: Jobs

Finally, a living room to die for

If you're looking to entertain the life out of your guests, why not buy a couch made from a coffin? Caitlan Carroll has this story on a new furniture business in Southern California.

Many mortgage borrowers upside-down

About 20% of American mortgage borrowers are upside-down, meaning they owe more than their homes are now valued. Nancy Marshall Genzer looks at which states are most affected.
Posted In: Housing

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