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Marketplace Morning Report for Wednesday, December 24, 2008

Episode Description 
Marketplace Morning Report for Wednesday, December 24, 2008

More people are applying for mortgages

Applications for mortgages are at a five-year high, thanks to the recent interest rate cuts. But mortgage applications don't necessarily mean mortgage loans. Nancy Marshall Genzer explores the connection.
Posted In: Housing

NYC subway could raise its fare

Millions of New York City residents rely on the subway to get around. But as it continues to lose money, the MTA may soon have to hike it's $2 ride fare up to $3. Jeremy Hobson gets commuters' reactions.
Posted In: Travel

Sorry OPEC, oil's dropping

OPEC has vowed to make further cuts in production to help raise the price of oil. But Bob Moon reports the cartel can only really influence supply, and there's nothing they can do about crude's falling price.
Posted In: Oil

It's still Christmas in Cologne

The annual Christmas market at the Cologne cathedral in Germany draws tourists from around the world. And despite the economic downturn, many are still willing to splurge on the market's homemade goods. Emily Schwing reports.

IndyMac not alone in book-cooking

Federal regulators helped struggling bank IndyMac cook its books back in May in order to keep it running in hard times. Steve Henn reports other banks may have engaged in a similar accounting game.

A bill for bailout accountability

Senators Dianne Feinstein and Olympia Snowe are introducing legislation that would require bailout recipients to give quarterly reports to the Treasury Department of how they're spending the money. Nancy Marshall Genzer reports.

Cocoa market on fire in U.K.

The price of cocoa has been steadily rising in London as other commodities fall. Supply and demand are one reason, as is the need for that mug of hot cocoa or chocolate bar. Scott Jagow talks to Stephen Beard in London.
Posted In: Food

Still reluctant to change after fallout

Wall Street and Detroit are undergoing a lot of changes as a result of the economic downturn. But commentator Robert Reich says they might not want that, as some see the industries' problems as cyclical, not structural.

Music from this show

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Move Your Feet
Junior Senior
Perfectly Good Guitar
John Hiatt