03/03/09
Marketplace Morning Report for Tuesday, March 3, 2009
Episode Description:
Marketplace Morning Report for Tuesday, March 3, 2009
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EPA gives U.S. cities 'Energy Star' label
The EPA releases its ranking today for the top 10 U.S. cities with the most energy efficient buildings? Sarah Gardner explains why states like California and Texas rank among the most energy-conscious.
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Senate tackles credit card regulation
The Senate Banking Committee is looking at what they can do to curb sky-rocketing credit card bills. The committee hopes to protect users against things like retroactive interest-rate hikes. Jennifer Collins reports.
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Helping bad news go down easier
Michigan is one state that's had a particularly rough time with layoffs. At least the state's Chamber of Commerce has been trying to help employers deliver the bad news. Dustin Dwyer went to a seminar to learn more.
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Auto industry can putter on used cars
The market for used cars is finding some benefits in the downtrodden economy, as some consumers look to previously owned vehicles for more value. Some lots are even devoting more space to used cars. David Chong reports.
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When's this free fall going to end?
As international markets appear to make a free fall, investors wonder how loyal they should be to their portfolios. Steve Chiotakis surveys the situation with market strategist David Buick from the Cantor Index in London.
1
Citi will help jobless homeowners
Citigroup has a plan to help homeowners who have lost their jobs by lowering mortgage payments to about $500. Dan Grech explores the details of the deal, who it helps and potential caveats.
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Reader's Digest launching in a bad time
Reader's Digest will be launching new titles to expand readership. The publication needs to come up with a more effective way to pay off its $2 billion debt. Ashley Milne-Tyte looks into whether this is a smart move for the magazine.
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Stimulus spending is visible online
Starting today, federal agencies must disclose how they're spending their share of the near $800 billion stimulus package. Ronni Radbill explains how the use of online reports could help improve government transparency.
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World markets might need a miracle
World markets are down this morning following the Dow's 300-point drop yesterday, closing at below 7,000 points. Andrew Hilton from the Center for the Study of Financial Innovation tells Bill Radke it may take divine intervention to get the markets going again.
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