Marketplace Morning Report for Tuesday, May 3, 2011

Episode Description 
Marketplace Morning Report for Tuesday, May 3, 2011

U.S. goes to court over Deutsche Bank home loans

The Justice Department has sued Deutsche Bank over allegations that the bank repeatedly committed mortgage fraud. Courtney Comstock with Business Insider explains.
Posted In: Banks

Breaking down the 'Brave New World' for automakers

For the first time in nearly seven years, Detroit's Big Three carmakers are all reporting a profit, despite supply chain disruptions.
Posted In: Auto

Missouri flood control threatens farmland

The Army Corps of Engineers has created a large hole in a Missouri levee to regulate potential flooding of the Ohio River. Mississippi, Missouri county clerk Hubert Delay explains what this means for his county's economy.
Posted In: Agriculture

Added tax revenues to delay debt crisis

U.S. Treasury Secretary Timothy Geithner said unexpected tax revenues and emergency steps to free up funds will allow the government to avoid hitting the debt ceiling until August 2nd.

China's largest social network to launch IPO in U.S.

Renren, China's largest social network, is going public today in the U.S. The company has been called "the Facebook of China" but there's stiff competition from a slew of other social networks in the country.
Posted In: Investing

Sony hacks affect 100 million users

Sony announced last week that the private information of 77 million PlayStation users may have been compromised by hackers. Now, as many as 24.6 million accounts on Sony's Online Entertainment division could be affected as well.

Army engineers blast Missouri levee to save town

In an effort to divert rising floodwaters, the Army Corps of Engineers created large holes in a levee along the Mississippi River. The move could flood up to 130,000 acres of viable farmland.
Posted In: Agriculture

The differences in growth between the stock market and the economy

Fortune Magazine's Allan Sloan discusses how a growing stock market doesn't equal a growing economy.
Posted In: Wall Street

Japanese tourism lags

The earthquake in Japan has caused a drag on the planeloads of tourists the country sends to the U.S. every year.
Posted In: Travel

Japan's down payment on reconstruction spending

Japan's parliament this week approved a $30 billion reconstruction spending package, but the total bill is estimated at $300 billion.

Swipe fee fight bristling with lobbyists

As Congress comes back next week, the issue with the most lobbyists isn't the deficit -- it's the battle against debit card swipe fees.
Posted In: Banks

Music from this show

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Moog Jam
Living Proof
Cat Power
Can't Take That Away
Will Oldham
Hood Pass Intact
Dam Funk

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