12/12/07
Marketplace Morning Report for Wednesday, December 12, 2007
Episode Description:
Marketplace Morning Report for Wednesday, December 12, 2007
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A healthy jump for mortgages?
Mortgage applications saw their highest rise last week since 2005. But Jeremy Hobson reports that the number of applications out could mean a need to refinance, as opposed to more people buying new homes.
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Closing bases could cost billions
A congressional hearing will investigate whether it will cost billions more to close military bases than the Pentagon originally projected. Nancy Marshall Genzer reports the Pentagon may be guilty of "fuzzy math."
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This loan courtesy of stem-cell research
California has set aside $3 billion for stem-cell research, but a lot of it is currently just sitting around waiting to be used. Janet Babin reports Congress is considering using the cash as "biotech bank" loans.
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Birth-control price tough to swallow
College women have been able to get discounted birth-control pills at school clinics for 17 years. But new government cutbacks have now pushed up the price from around $10 to close to $50. Caitlan Carroll reports.
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More the Fed can do than a rate cut?
While the quarter-point cut from the Fed may have not been the break the market had anticipated, a new facility may be emerging for those still worried about the credit crunch. Doug Krizner talks to Jamie Chisholm from The Financial Times in London.
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Truckers cause traffic jams at pump
The truckers' strike in Italy is rolling into day three, and aside from frustrating customers with empty shelves, it's also causing long lines at gas stations. Megan Williams has more.
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Bad economy? Let's do lunch anyway
Despite talk of a recession, the National Restaurant Association says people are eating out more. Jeremy Hobson reports why the restaurant industry has more of an influence now than it did two decades ago.
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Dial-up prices catching up with times
If you're using AT&T dial-up because it's a cheaper way to access the Internet, you may have a decision to make. The company is set to raise prices as much as 60 percent next month. Adriene Hill has more.
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U.S. too hard on white-collar criminals
U.S. prosecutors have threatened corporate fraud criminals the NatWest Three with prison sentences longer than those murderers serve in the U.K. Commentator David Frum thinks this is an example of a larger problem.
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