Marketplace Morning Report for Tuesday, March 24, 2009

Episode Description 
Marketplace Morning Report for Tuesday, March 24, 2009

Geithner calls for sweeping authority

At a House committee hearing, Treasury Secretary Timothy Geithner called for expanded authority to take over financial institutions considered at risk of destabilizing the economy. Tamara Keith reports.

Workers could join unions more easily

A bill before Congress called The Employee Free Choice Act would make it easier for workers to join unions. Most businesses oppose this bill, but three major retailers are working on a compromise. Janet Babin reports.
Posted In: Retail

What will gear up U.K. manufacturing?

Britain may have kicked off the industrial revolution, but the outlook for manufacturers is looking pretty grim. Christopher Werth explores where the U.K.'s manufacturing industry is heading, and where it could be successful now.

Drilling up old oil safety issues

Today marks the 20-year anniversary of the Exxon Valdez oil tanker accident, and the oil industry has ramped up safety measures since then. But a proposal to drill in the Arctic has some experts worried. Caitlan Carroll reports.
Posted In: Oil

Cuomo has a strategy for bonus return

As New York Attorney General Andrew Cuomo makes headway getting back bonus money from AIG executives, he's thanked them for setting an example. Tamara Keith reports Cuomo's strategy for getting back the money.
Posted In: Investing, Jobs

How big is too big for class action?

Wal-Mart is headed to a federal appeals court, where it might be facing the nation's largest discrimination case. Will the courts allow 2 million women to go up against a single employer? Amanda Aronczyk reports.
Posted In: Crime, Jobs, Retail

China banks secured by financial wall

While many banks worldwide are working with governments to improve lending, Bank of China and other countrywide banks are doing fine. Scott Tong explores the benefits of the "Great Financial Wall of China".

Markets move on human psychology

How does human psychology drive the economy? Marketplace's Bob Moon explores the question with Dr. George Akerlof and Dr. Robert Shiller, who seek to answer this question in their new book, Animal Spirits.
Posted In: Books, Wall Street

Congress returns to bankruptcy reform

Bankruptcy filings are on the rise again in U.S. courtrooms, bringing them back to levels which warrant Congress to put reforms back on the agenda. John Dimsdale reports what hoops debtors will have to jump to get creditor protection.

Brown assessing risk with bankers

British Prime Minister Gordon Brown meets today with CEOs from top banks worldwide ahead of a raft of new regulation from global economies. Christopher Werth explores what the biggest regulating challenges will be.
Posted In: Investing