Marketplace Morning Report for Wednesday, December 15, 2010

Episode Description 
Marketplace Morning Report for Wednesday, December 15, 2010

U.S. set to return to rare earth industry

Rare earths are the metals commonly found in cell phones and hybrid cars, and the U.S. is ready to jump back into the industry. Molycorp Inc. is re-opening a rare earths mine in California, and Sarah Gardner got a first-hand look.
Posted In: Environment

Was "Green the Capitol" a waste of money?

Nancy Pelosi's "Green the Capitol" initiative was supposed to reduce the House's carbon footprint. But it wasn't wholly successful, and critics complained it was a waste of money. It may be on the chopping block once the GOP takes over the House.
Posted In: Environment

Rule-making begins for Dodd-Frank

Federal agencies are beginning to shape the rules under Congress's financial overhaul, also known as the Dodd-Frank law. And it's set to be a long process, reports David Gura.

Where is "middle America"?

Ten years ago, Cuba, Mo., was considered "middle America" according to U.S. census data. Economy 4.0's David Brancaccio revisits the city today to see if it still fits the type.

Obama speaks to CEOs

President Obama meets with some of the nation's CEOs to discuss what it will take to encourage job growth.

The Tankan survey worries Japan

There's some bad news for the Japanese economy. A closely watched index of how confident businesses are feeling about the future has gotten worse for the first time in nearly two years.

Time names Mark Zuckerberg Person of the Year, see past winners

The founder and CEO of Facebook beats out trapped Chilean miners and WikiLeaks founder Julian Assange to earn the venerable magazine's annual award. Listen to our interview with Jim Frederick, the Managing Editor of, and check out our slideshow of the past decade's winners.

Wells Fargo calls for tougher regulation

Financial times reports Wells Fargo wants banks to keep more of the loans they make on their books -- rather than selling them to investors. Janet Babin explains.
Posted In: Banks

Ghana to begin coastal oil pumping

The African country of Ghana joined a very exclusive club today. The country began pumping oil of its coast -- an oil field the country hopes will bring in $1 billion per year.
Posted In: Oil

U.S. may be facing a credit downgrade

Jeremy Hobson speaks with Stephen Beard about government credit ratings, particularly in regards to Spain and Belgium. But one British fund manager believes that the U.S. could face a credit dip as well.

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Tonight, Tonight
Smashing Pumpkins
Alpha Beta Gaga
Lunar Sea
Camera Obscura