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Marketplace Morning Report for Thursday, November 10, 2011
Nov 10, 2011

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.

Segments From this episode

European economic crisis hits some U.S. regions harder

Nov 10, 2011
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.

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

Nov 10, 2011
It isn't an issue of beauty. Marketplace's Paddy Hirsch explains the haircut that banks are getting by taking on Greek debt.

Investigating the causes of the financial meltdown

Nov 10, 2011
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.

Michael Jordan's hero image tarnished in NBA negotiations

Nov 10, 2011
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.

Republican presidential candidates on euro debt crisis

Nov 10, 2011
During the Republican debate on Wednesday night, candidates voiced their opinions on the ongoing problems in Europe.

European banks face a catch-22

Nov 10, 2011
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.

Republican hopefuls tackle questions of Europe

Nov 10, 2011
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.

Jefferson County, Ala., files for bankruptcy

Nov 10, 2011
The largest municipal bankruptcy filing in U.S. history happened in Jefferson County, Ala., yesterday.

Threat of contagion means France could be next

Nov 10, 2011
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.

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

Nov 10, 2011
We speak to Adolfo Laurenti of Mesirow Financial on the ongoing European debt crisis, and whether the U.S. is on the same track.

Supreme Court to decide on fate of Obama health care law

Nov 10, 2011
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.

Former CEO of Olympus speaks about company's demise

Nov 10, 2011
Michael Woodford, the former CEO of Olympus, speaks about where the company went wrong, and how it can make a comeback.

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.