02/19/09
Marketplace Morning Report for Thursday, February 19, 2008
Episode Description:
Marketplace Morning Report for Thursday, February 19, 2008
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0
Jobless claims at a 26-year high
The Labor Department reports that the total number of people receiving unemployment is close to 5 million. Janet Babin reports why even when recovery comes -- and it will -- unemployment numbers will stay high.
1
Fed: There's little risk of inflation
The Federal Reserve predicts climbing unemployment and an economy that will continue to contract all year. But Fed Chairman Ben Bernanke says weak economic activity means low risk of inflation. Janet Babin reports.
0
Struggling hedge funds shed space
As hedge funds in Greenwich, Conn. fall, so does the real estate. Amy Scott talked revenue loss and surveyed available commercial space around town with real estate agent Steven Greenbush, who works with financial firms.
1
Malls struggle to fill tenant vacancies
In a time when many stores are closing and credit is harder to come by, shopping centers have to get creative to find new tenants. Ashley Milne-Tyte reports what some malls are doing to fill the empty retail space.
0
UBS pulls back curtain on U.S. accounts
Swiss bank giant UBS will identify 250 American clients with undeclared accounts as part of a settlement with the U.S. government. Some analysts believe this could be a breakthrough in the battle against tax evasion. Stephen Beard reports.
4
Boomers in the job market do the hustle
The unemployment rate for baby boomers has doubled over the past year, and those older workers looking for a job again can find it tough to re-enter the market. Nancy Marshall Genzer reports what could be working against boomers' favor.
2
Why are critics crying protectionism?
President Obama has been criticized for the "Buy American" clause in the stimulus package. The protectionist cries remind economics correspondent Chris Farrell of a movie from the 60's. He talks with Steve Chiotakis.
3
Explaining 'Buy American' to Canada
President Obama heads to Canada today, where he'll have six hours to explain what the "Buy American" provision in the stimulus package means. Dan Grech explores the strong trading relationship the two countries share.
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