Dec 16, 2008

Marketplace Morning Report for Tuesday, December 16, 2008

Segments From this episode

Where a Fed rate cut really matters

by Sarah Gardner

Dec 16, 2008

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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Fallout: The Financial Crisis

Eastern bloc is leery of capitalism

by Stephen Beard

Dec 16, 2008

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.

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Fallout: The Financial Crisis

Goldman Sachs loses $5 a share

by Alisa Roth

Dec 16, 2008

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.

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Entrepreneurs surviving first recession

by Mitchell Hartman

Dec 16, 2008

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.

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Fallout: The Financial Crisis

FDIC may double bank assessment fees

by Janet Babin

Dec 16, 2008

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.

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Foreign investors move from dollar

by Stephen Beard

Dec 16, 2008

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.

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Bad time for congressional pay raises

by Marketplace Staff

Dec 16, 2008

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.

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'Anniversary' gets triple-word score

by Marketplace Staff

Dec 16, 2008

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.