Marketplace Morning Report for Thursday, February 18, 2010

Episode Description 
Marketplace Morning Report for Thursday, February 18, 2010

Bipartisan panel to tackle rising deficit

President Obama named a bipartisan panel to come up with ways to deal with a federal deficit expected to reach $1.6 trillion this year. Bill Radke talks to Marketplace's Jeremy Hobson about who's on the panel and whether it will be effective.

Jobless claims rise unexpectedly

The number of workers seeking first-time jobless benefits jumped unexpectedly last week by 31,000. Analysts were expecting a slight decline. Steve Chiotakis gets more analysis from Diane Swonk, chief economist at Mesirow Financial.
Posted In: Jobs

Cyber attack targets personal info

Computer security company Netwitness is reporting a major cyber attack affecting 75,000 machines worldwide and within 500 companies in the U.S. Steve Chiotakis gets the latest from Marketplace's Jeremy Hobson.
Posted In: Crime, Internet

U.K., Argentina fight over Falklands

Argentina and the U.K. once fought an undeclared war over each one's claim of the Falkland Islands, and the battle is once again flaring up. Bill Radke talks to reporter Daniel Schweimler in Buenos Aires about what's causing the conflict now.

TIGER grants will get economy moving

The White House has announced $1.5 billion for special transportation grants as part of the massive federal stimulus program passed over a year ago. Andrea Bernstein tells us about the potential transportation projects to come.
Posted In: Travel

Grapes invoke wrath at French customs

A dozen French wine producers and traders have been found guilty of mislabeling 18 million bottles of Pinot Noir. French customs officers discovered the grand-scale wine fraud upon detecting an inferior grape blend. Stephen Beard reports.
Posted In: Crime, Food

Court to decide if Google library is legal

A hearing today in a New York courtroom will determine whether a controversial deal between Google and two big groups of authors and publishers should stand. Sarah Gardner explores why some feel copyright law may be in danger.
Posted In: Internet

Wal-Mart not always an urban booster

As Wal-Mart continues to expand its reach into urban markets, a new study questions whether the retailer's appearance has an overall positive effect on the local economy. Adriene Hill reports.
Posted In: Jobs

Biomass an option over corn ethanol

A cheaper, less energy-intensive type of ethanol will make for the possibility of a fuel alternative that is less than $2 a gallon. Jennifer Collins explains why the process to produce the fuel makes it less expensive.
Posted In: Oil

New panel would monitor systemic risk

The Senate may have reached a possible agreement on a panel that would monitor risk to the financial system. Steve Chiotakis talks to Marketplace's Jeremy Hobson about why senators don't necessarily want Fed Chairman Ben Bernanke to head the panel.
Posted In: Economy