Marketplace Morning Report for Thursday, November 10, 2011
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Greece has a new prime minister-to-be. Lucas Papademos is a former Harvard University professor, and served as vice president of the European Central Bank. Papademos says he wants Greece to continue to use the euro and not get kicked out of the eurozone. But there are critics who say if Greece isn’t removed, the debt crisis will keep spreading. And in Italy, an economist named Mario Monti looks likely to head the next government there. The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history. The foreclosure mess is getting worse. RealtyTrac said this morning more homes went into foreclosure last month.
Michael Woodford, the former CEO of Olympus, speaks about where the company went wrong, and how it can make a comeback.
Posted In: Health
The Supreme Court meets today to decide on the fate of a number of cases. Among them is the suit surrounding the legality of the Affordable Care Act.
Posted In: Economy
We speak to Adolfo Laurenti of Mesirow Financial on the ongoing European debt crisis, and whether the U.S. is on the same track.
Even as leadership turns over in Italy and Greece, fear is growing that debt problems in Europe will continue to spread to even bigger economies like France.
Thus far, the Obama administration has not done much regarding the situation in Europe. But as shown in last night's Republican debate, the crisis could soon be a hot-button domestic issue.
During the Republican debate on Wednesday night, candidates voiced their opinions on the ongoing problems in Europe.
Posted In: Sports
Possibly the greatest basketball player of all time, Michael Jordan could become the NBA's most unpopular team owner for his tough tactics at the bargaining table during NBA contract negotiations.
Posted In: Wall Street
New York Attorney General Eric Schneiderman, a.k.a. the Sheriff of Wall Street, discusses the investigation he's co-leading into what caused the mortgage and financial meltdowns.
It isn't an issue of beauty. Marketplace's Paddy Hirsch explains the haircut that banks are getting by taking on Greek debt.
Posted In: Economy
As Europe's economy continues to sour, the impact here isn't borne equally around the nation. In fact, some regions don't feel it at all.