10/28/10
Marketplace Morning Report for Thursday, October 28, 2010
Episode Description:
Marketplace Morning Report for Thursday, October 28, 2010
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1
How well will high speed rails work?
The federal government has been hailing high speed rail systems as the mode of transportation of the future. But considering the trains will have to share lines with freight trains, is it really the smart choice? Andrea Gardner reports.
0
Are hyper-local websites the future of journalism?
Among growing trends online are hyper-local news websites where volunteers post updated news and events with their community. Meanwhile, qualified and paid journalists are losing their jobs. Is this the future of journalism? Adriene Hill reports.
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Florida's Amendment 4 gives citizens power in development projects
A key initiative on Florida's ballot next week will allow citizens to have final say over their communities' land-use plans. In the meantime, developers have been scrambling to get their project approved before Election Day. Tom Parkinson reports.
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Libraries look to go the Redbox way
DVD rental systems have changed drastically in the past decades, from Blockbuster to Netflix to Redbox. Can libraries -- currently suffering from e-book popularity -- follow in the steps of the DVD? Mitchell Hartman reports.
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WEB EXTRA: Wells Fargo will re-file 55,000 foreclosures
Wells Fargo, the nation's fourth largest bank, announced that it plans to re-file paperwork for 55,000 foreclosures. Jaclyn Giovis reports on this Marketplace web extra.
0
Unemployment update: best number in months
The number of new people filing for unemployment benefits dropped by about 21,000 last week to 434,000. That is the lowest level since July.
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Another recall, this time it's Nissan
Japanese car maker Nissan said its recalling more than 2 million vehicles for an ignition switch problem. More than a third of those automobiles were sold in the United States, mostly trucks and SUVs. Hans Greimel has more.
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AutoNation's profits drop even as revenue grows
AutoNation CEO says auto industry new car sales are on track to reach 11.5 million units this year. Jaclyn Giovis reports in this Marketplace web extra.
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Foreclosure epidemic is getting worse
The foreclosure epidemic is getting worse far from where it started. A report from the foreclosure listing firm RealtyTrac says foreclosure activity is up sharply in places like Chicago and Seattle. Nancy Marshall Genzer has more.
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European leaders discuss future finances
European leaders meet at a special summit today on the future of the Europe's finances. They're hoping to draw up plans to avoid a repeat of the Greek debt crisis. Stephen Beard reports from London.
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China urged to clarify rare earth mineral policy
Secretary of State Hillary Clinton has urged China to clarify its policy on rare earth metals. China produces the vast majority of the world's supply rare earths.
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Wells Fargo to re-file 55,000 foreclosure documents
After finding documentation problems, Wells Fargo says it's going to re-file paperwork for 55,000 foreclosures. But it's not going to issue a blanket moratorium on foreclosures. Nancy Marshall Genzer has more.
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