Marketplace Morning Report for Thursday, September 16, 2010

Episode Description 
Marketplace Morning Report for Thursday, September 16, 2010

U.S. plans on getting tough with China

Treasury Secretary Tim Geithner is signaling the Obama administration plans to go toe-to-toe with China over its currency. U.S. businesses say China is keeping its currency too low, giving it an unfair trade advantage. Reporter Nancy Marshall Genzer talks the details with Steve Chiotakis.

New budget office head a familiar face

President Obama's pick to replace Peter Orzsag as director of the White House Office of Management and Budget is Jacob Lew, better known as Jack. He was OMB director for President Bill Clinton, when the government ran a surplus. You gotta wonder why he'd want the job now. John Dimsdale reports.

Weekly jobless claims fall slightly

The Labor Department says that the number of people who filed for first-time unemployment claims last week fell by 3,000 to 450,000. Mark Vitner, senior economist at Wells Fargo, talks with Steve Chiotakis about how many jobs the economy needs to add to get some momentum going.
Posted In: Jobs

Cost of pope's visit to U.K. upsets some

Pope Benedict XVI is in Scotland meeting Queen Elizabeth. But his visit to the U.K. is marred in controversy because it will be paid in part by the British government.

Economy's role in low U.S. birth rates

The nation's birth rate dropped last year for the second year in a row. According to the National Center for Health Statistics, in 2009 the U.S. birth rate was at its lowest level in a century. And the economy may have something to do with it. Dr. Megan Sweeney, sociologist at UCLA, talks the details with Steve Chiotakis.

EU slaps big tariff on Chinese fiberglass

Europeans are grappling with what to do about the cheap costs of Chinese goods. The EU claims fiberglass is being unfairly dumped into its markets and wants to tack on a huge tariff on the material. London bureau chief Stephen Beard talks with Steve Chiotakis about why this is a big issue.

Game pits homeowners v. demolishers

It's the Chinese version of eminent domain -- government seizing private property. And it's becoming more common. So much so, there's now an online video game devoted to it. Rob Schmitz reports on the popular Chinese game that pits angry homeowners against an evil demolition crew.

Increase in foreclosures to continue

Real estate data firm RealtyTrac is out with its foreclosure report for August. It says defaults and repos are up 4 percent from July's figures. Janet Babin reports.
Posted In: Housing

Obama to name Warren as assistant

It looks like the White House will pick Elizabeth Warren to head the new Consumer Financial Protection Bureau set up under the financial reform law. Reporter Nancy Marshall Genzer talks with Bill Radke about why she may not have to go through Congress to get appointed.

Music from this show

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The Cave (Joey Altruda Remix)
Culver City Dub Collective
Gimme Shelter
International Yoyo Orchestra
It's Good To Be King
Tom Petty
Sleepy Inside
Irving

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