Marketplace Morning Report for Tuesday, December 2, 2008

Episode Description 
Marketplace Morning Report for Tuesday, December 2, 2008

Local leaders need money for projects

Local leaders are hoping President-elect Obama's financial plans include money for new construction projects. But many local governments are being forced to trim spending. Steve Henn reports.

Good news from Treasury bills

Homeowners with adjustable-rate mortgages are reaping the benefits of increased demand of Treasury bills. With investors seeking refuge in T-bills, yields have come down. Jeff Tyler explains.
Posted In: Housing

NYU Abu Dhabi sparks debate

While some see New York University's plan to build a campus in Abu Dhabi as a groundbreaking move, some academics are strongly opposed to the idea. The new campus will run about $100 million a year. Sally Herships reports.
Posted In: Education

New highs for late mortgage payments

A major credit reporting agency is saying that the number of mortgage delinquencies is hitting new highs. The main reason people are falling behind is adjustable-rate mortgages. Ashley Milne-Tyte reports.
Posted In: Housing

New welcome center at uninviting price

The new visitor's center on Capitol Hill opened today almost four years behind schedule and millions of dollars over the budget line. One reason sited for the extra cash: 9/11. Nancy Marshall Genzer reports.

E.U. members divided on stimulus

While England and France favor the projected $250 billion Europe-wide stimulus package, Germany is a bit more reserved. Scott Jagow talks to Stephen Beard in London about the root of the countries' differences.

Gas is cheap, but gas wars rage on

Gas may be at a three-and-a-half-year low, but that doesn't stop some stations from slashing pennies off the price in a heated rivalry. Cash Peters visits two gas stations in Pasadena, Calif.
Posted In: Oil

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Material Girl
Silent Movie
Germany To Germany

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