Marketplace Morning Report for Thursday, October 23, 2008

Episode Description 
Marketplace Morning Report for Thursday, October 23, 2008

A plan to keep homeowners at home

FDIC chair Sheila Bair is speaking to the Senate Banking Committee today on a plan to encourage banks to keep troubled homeowners in their homes. But Dan Grech reports why renegotiating mortgage terms is difficult.
Posted In: Housing

Biofuel investors hot for pond scum

The second annual Algae Biomass Summit is going on today in Seattle, and the substance has garnered serious attention from investors for its biofuel potential. Sarah Gardner gives us more algae plus points.

Russia, OPEC explore oil solutions

Russia met with OPEC to discuss ways of leveling out the cost of oil, as oil is now so low it could make production and investment unprofitable. Megan Williams reports it's unlikely Russia would agree to cut production.
Posted In: Oil, Russia

Steering AIG in a brighter direction

In the second part of our interview with CEO Ed Liddy, Kai Ryssdal talks with AIG's new head about the challenge of rescuing the company and having U.S. taxpayers as his new boss.

Currency markets catch many off guard

The foreign currency markets are moving at an unprecedented velocity, and in some places the U.S. dollar is at a comparable five-year high. Bill Radke takes a deeper look with currency analyst Omer Esiner.

Do automakers need more help?

Michigan's congressional delegation is asking the federal government to help Detroit's car makers and lenders. But do the automakers really need more government intervention? Jeremy Hobson reports.
Posted In: Auto

Asian markets fear global recession

Asian markets all closed in the red today. Renita Jablonski looks into why with Scott Tong in Shanghai, who blames fears of a global recession and explains why investors can no longer rely on emerging markets.

McCain needs bang in his ad bucks

With less than two weeks to go until the election, it's time for the candidates to ramp up their advertising. But Senator John McCain's a little strapped for cash. Steve Henn looks into where he's focusing his ad dollars.

Boeing strike hurts Dreamliner

Machinists at Boeing have been on strike for the past seven weeks, and the company says production of its new 787 Dreamliner may be delayed. But John Dimsdale reports Boeing may still be able to ride out the strike.
Posted In: Airlines, Jobs

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Money For Nothing
Dire Straits

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