Marketplace Morning Report for Thursday, May 6, 2010

Episode Description 
Marketplace Morning Report for Thursday, May 6, 2010

ECB: Greece will not default

There had been speculation the European Central Bank would announce emergency aid plans in case the Greek debt crisis spread. But that hasn't happened.

Transocean oil safety a reoccuring issue

In light of the Gulf of Mexico incident, this is not the first time that Transocean, which built the faulty oil rig, has had safety issues. Stacey Vanek-Smith talks to Marketplace's Stephen Beard, who recalls the company's troubles in Britain.
Posted In: Oil

Death, violence darken Greek protests

Protesters in Greece are wary of rising violence at demonstrations after the death of three bankers from a gas bomb. Reporter Joanna Kakissis in Athens describes the scene of the protest and why the demonstrations have gotten so out of hand.

Take away the home-owning incentives

As Freddie Mac asks the U.S. for billions more to keep it afloat, it's hard not to look back and wonder how we got here. Economics correspondent Chris Farrell tells us we need to cork Americans' housing incentives.
Posted In: Housing

Jobless benefits need long-term help

Lawmakers are looking into how to fund unemployment benefits in the long-term. The current model is unsustainable; California alone is going from an unemployment tab of $7 billion last year to about $18 billion this year. Eve Troeh reports.
Posted In: Jobs

JFK to build new cargo warehouse

Plans are underway to build a cargo warehouse at New York's JFK airport, the first in nearly a decade. This bodes well for the health of global trade, as JFK handles more cargo than most airports in the world. Jill Barshay reports.
Posted In: Airlines

Oil industry talks drilling safety

Offshore drilling safety is the focus of an annual oil industry gathering in Houston. Some wonder why more countries don't require an acoustic switch that could help prevent accidents. Stacey Vanek-Smith talks to Marketplace's Rob Schmitz.
Posted In: Oil

Why the rental car market is so exciting

Avis has joined Hertz in the race to buy Dollar Thrifty. The rental car industry is anticipating a better travel market this summer, and Thrifty would provide an in to the tourist sector. Alisa Roth reports.
Posted In: Auto, Mergers and Acquisitions, Travel

FCC targets Internet for oversight

The FCC wants more oversight of U.S. Internet carriers, which are providing service that is slower and more expensive than their counterparts abroad. Will this mean faster service right away? Steve Chiotakis talks to Marketplace's Brett Neely.
Posted In: Internet

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