Marketplace Morning Report for Wednesday, December 12, 2012

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Episode Description 
There are now less than three weeks left until the fiscal cliff deadline. One option now being talked about as part of a package to avoid the fiscal cliff is an overhaul of corporate tax rates. A report out today from the conservative American Enterprise Institute says government-backed mortgages from the Federal Housing Administration may be too easy to get. And you certainly don't want to go to a website that puts all your financial accounts in one place and makes charts and graphs out of your money. But of course more and more Americans are joining sites that do just that.

How raising low wages ripples through the economy

A few bucks an hour more for low-wage workers can raise prices, but also boost economic growth for the country overall.
Posted In: low wage, living wage, minimum wage

PODCAST: What's next for right-to-work, buying your own island

What's next for right-to-work: We'll look ahead after the big vote in Michigan, talk about the economics of the North Korean missile launch, and talk with the author of Encyclopedia Paranoica -- a big fat book of all the horrible threats under which we somehow continue to live our lives.

Is fear a financial motivator?

Seems like every time you turn on the news, there's some new danger to our health or our financial well-being.
Posted In: fear, innovation

After Michigan, what's next for 'right-to-work'?

Union protestors crowded the capitol, but Michigan lawmakers swiftly approved legislation yesterday making Michigan a so-called "right-to-work" state.
Posted In: unions, Michigan, right to work

Fed wraps up regular policy meeting

It's the second and final day of the regular policy meeting at the Federal Reserve. Later today we'll hear what, if any, additional monetary stimulus the Fed Board might endorse as the latest round of quantitative easing is set to expire.
Posted In: Federal Reserve

North Korea rocket launch angers international community

North Korea defies international sanctions to launch a rocket. Japan has called for an emergency meeting of the UN Security Council, which could take place later today.
Posted In: North Korea, sanctions, United Nations

Using websites to manage your finances

The holiday season might be a time of year when you don't even want to look at your personal finances because money is going out the door right and left. You certainly don't want to go to a website that puts all your financial accounts in one place and makes charts and graphs out of your money - or do you?
Posted In: Internet, Personal Finance

Report: FHA foreclosures feed off each other

Government-backed loans with the Federal Housing Administration help borrowers who might look like a foreclosure risk. And the reality is many of them are.
Posted In: Federal Housing Administration

Corporate tax reform could help avoid fiscal cliff

President Obama and House speaker John Boehner are still tussling over the details of any fiscal cliff deal. But the Wall Street Journal reports that, now corporate tax rates have entered the discussion.
Posted In: fiscal cliff, corporate tax, Washington D.C.

Concert will rain charity on Sandy victims

The 121212 concert in New York’s Madison Square Garden has raised more than $30 million, and the show hasn’t even started.
Posted In: Charity, Hurricane Sandy, concerts, Robin Hood foundation

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