Marketplace Morning Report for Thursday, December 22, 2011

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In the U.S., Gross Domestic Product revisions are out today, and the hope is that the number will keep improving as long as problems in Europe, and Washington, don't stunt that growth. In one North Carolina town, local business play nice to help each other out during recession. The Lone Star State loses as many as half a billion trees in 2011, and that's not including the wildfires. And in this week's Attitude Check, we look at how Americans are really feeling about the potential payroll tax cut extension.

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PODCAST: GDP revised, bear-ing the Mexican border

In the U.S., Gross Domestic Product revisions are out today, and the hope is that the number will keep improving as long as problems in Europe, and Washington, don't stunt that growth. In one North Carolina town, local business play nice to help each other out during recession. The Lone Star State loses as many as half a billion trees in 2011, and that's not including the wildfires. And in this week's Attitude Check, we look at how Americans are really feeling about the potential payroll tax cut extension.
Posted In: GDP, Gross Domestic Product (GDP), weekly jobless

Mid-day Extra: Why we think "best of" lists are the best

The end of the year brings all kind's of top ten, top 100 and best of 2011 lists -- but what kind of value do we get out of them?
Posted In: 2011, marketing, branding

Lower jobless claims, better consumer sentiment point to improved outlook

Jack Ablin discusses how today's economic numbers point to a brighter future.
Posted In: Unemployment, bull market

Understanding the year-end unemployment drop

What's behind the drop in unemployment claims?
Posted In: unemployment

In one North Carolina town, customers getting a recession break

A guitar shop in Pittsboro, N.C., helps its neighbors, and also receives a helping hand.

GDP third quarter revisions coming

Economists expect third quarter GDP grew at around 2 percent. But if all goes well, it'll be even higher in the fourth quarter.
Posted In: GDP, Gross Domestic Product (GDP)

Fewer trees in Texas

The Lone Star State loses as many as half a billion trees in 2011 -- and that's not including the wildfires.
Posted In: drought, texas, Agriculture

Bank of America, Countrywide settle discrimination case

BofA's costs mount as it settles a mortgage discrimination suit against subsidiary Countrywide Financial.
Posted In: Bank of America, Countrywide, lawsuits, subprime

Has the ECB action helped avert a banking crisis?

The European Central Bank yesterday printed $640 billion worth of euros, almost the same amount of money as the TARP program used by the U.S. government during the financial crisis in 2008.
Posted In: Europe debt crisis, European Central Bank, banking

For ECB plan to succeed, European banks must buy up bonds

What looks like a major success now may end up being more of a modest win in the future against the mounting debt crisis in the eurozone.
Posted In: Europe debt crisis, European Central Bank

Attitude Check: Do the payroll tax cuts matter?

We speak to Frank Newport, editor-in-chief at Gallup, about whether Americans want the payroll tax extended, and what the controversy in Washington could do to consumer confidence.
Posted In: payroll tax, Washington D.C.

Mortgage settlement hikes the cost of Countrywide

Bank of America will pay $335 million to settle mortgage discrimination charges against Countrywide Financial.
Posted In: Bank of America, Countrywide, legal, subprime

Countrywide discrimination settlement reached

Countrywide was accused of steering more than 200,000 black and Hispanic borrowers into risky subprime loans during the housing bubble. But is the practice really over now?
Posted In: Countrywide, Bank of America, subprime, discrimination

Big lottery results awaited in Spain

Amid economic strife across much of the country, citizens of Spain are buying up lottery tickets in the hope of winning big this holiday season.
Posted In: spain, lottery, el Gordo

The economic story of the year: Politics

We speak to Diane Swonk about weekly jobless numbers, the payroll tax debate in Washington, and why politics effects economics more than ever.
Posted In: politics, payroll tax, weekly jobless

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