Marketplace Morning Report for Thursday, November 10, 2011

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Episode Description 
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.

Former CEO of Olympus speaks about company's demise

Michael Woodford, the former CEO of Olympus, speaks about where the company went wrong, and how it can make a comeback.

Supreme Court to decide on fate of Obama health care law

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: Health

Adolfo Laurenti: 'We have a real advantage compared to Europe'

We speak to Adolfo Laurenti of Mesirow Financial on the ongoing European debt crisis, and whether the U.S. is on the same track.
Posted In: Economy

Threat of contagion means France could be next

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.

Jefferson County, Ala., files for bankruptcy

The largest municipal bankruptcy filing in U.S. history happened in Jefferson County, Ala., yesterday.
Posted In: Economy

Republican hopefuls tackle questions of Europe

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.

European banks face a catch-22

European banks are facing a problem: they have to mark down the value of their debt from countries like Greece, but governments still want to borrow money from them.
Posted In: Banks

Republican presidential candidates on euro debt crisis

During the Republican debate on Wednesday night, candidates voiced their opinions on the ongoing problems in Europe.

Michael Jordan's hero image tarnished in NBA negotiations

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: Sports

Investigating the causes of the financial meltdown

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.
Posted In: Wall Street

Why Greek lenders don't like the idea of a haircut

It isn't an issue of beauty. Marketplace's Paddy Hirsch explains the haircut that banks are getting by taking on Greek debt.

European economic crisis hits some U.S. regions harder

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.
Posted In: Economy

Music from this show

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Mind Bokeh
Bibio
Past Is Prologue
Tycho
Brothers (Amazon Exclusive Version) [+digital booklet]
The Black Keys
Ritual Union
Little Dragon