12/16/08
Marketplace Morning Report for Tuesday, December 16, 2008
Episode Description:
Marketplace Morning Report for Tuesday, December 16, 2008
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0
'Anniversary' gets triple-word score
The classic board game Scrabble celebrates its 60-year anniversary today, and to date, more than 100 million sets have been sold in 29 languages. Jennifer Collins shares some other fun facts about the game.
13
Bad time for congressional pay raises
Lawmakers get an automatic pay raise every January, and this year is no different -- but many question whether, for obvious reasons, it should be. Danielle Karson reports it's up to constituents to voice concerns.
4
Foreign investors move from dollar
In recent days, foreign investors have been moving away from the dollar, assuming the Fed will cut interest rates again. Stephen Beard explains why they no longer consider the U.S. an investment safety net.
0
FDIC may double bank assessment fees
The Federal Deposit Insurance Corporation will likely tackle bank assessment fees when it meets today. It may have to double those fees in order to keep up the amount it needs to maintain in reserves by law. Janet Babin reports.
0
Entrepreneurs surviving first recession
For young entrepreneurs who have never gone through a recession, the current economy can be scary. But some are taking on the crisis as a valuable learning experience, and can find advantages. Mitchell Hartman reports.
0
Goldman Sachs loses $5 a share
Up until now, Goldman Sachs has refrained from showing quarterly losses. But today, the bank lost $5 a share. Scott Jagow talks to Marketplace's Alisa Roth about how it plans to weather the drop.
5
Eastern bloc is leery of capitalism
Hungary has been feeling bitter about free market capitalism based on the way the West is handling the economic downturn. And other Eastern European countries share the sentiment. Stephen Beard reports.
2
Where a Fed rate cut really matters
When the Fed cuts interest rates, it's targeting the rate at which banks lend to each other. But in reality, banks lend to each other at rates much lower. Sarah Gardner explains what a prime rate is and why it affects us.
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