Marketplace Morning Report for Wednesday, December 26, 2012

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Episode Description 
Retailers hope shoppers spend some money this week as the holiday season has, so far, fallen short of expectations. A number of smaller issues are tied up in the fiscal cliff debate, and among them is a tax credit for wind power. If it expires at the end of the year, the budding industry might go bust. And, the unusual history of the borrowing limit that keeps coming back to haunt our politics.

PODCAST: Starbucks takes on the fiscal cliff, will Obama re-up refi?

Twas the day after Christmas, and a big credit card company says we were not spending enough -- go figure. Plus a plan to help more folks who are underwater on their mortgages. And a single-payer healthcare system is on its way to Indonesia.

U.S. may expand mortgage refinance program

The Wall Street Journal is reporting that the Obama administration is eying new relief for underwater homeowners. Who stands to gain from the program?
Posted In: housing market, mortgage, mortgage refinance

Holiday sales grow at weakest pace since 2008

Hurricane Sandy, the threat of the fiscal cliff, and the election may have all contributed to a disappointing holiday shopping season.
Posted In: Retail, holiday shopping, Hurricane Sandy

China opens game-changing bullet train

The world's longest high speed rail link opens in China.
Posted In: China, train, high speed rail

Indonesia aims for universal healthcare

Beginning in January 2014, the Indonesian government will roll out a national health care scheme to cover each and every one of its 240 million citizens.
Posted In: health care, Indonesia

Medical device makers try to stave off new tax

Medical device makers say the 2.3 percent tax on sales due to start in January will cost jobs. The levy is part of the Obama health care program.
Posted In: Affordable Care Act, health care

The history of the debt ceiling

History reveals a controversial task for the debt limit that goes all the way back to World War I.
Posted In: debt ceiling, fiscal cliff, World War I

Wind power races to meet a year-end cut-off

A tax credit expires at the end of December. To earn it, wind farm operators have to have their turbines up, running and plugged in.
Posted In: wind, wind power, tax credit, energy

Music from this show

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In The Grace Of Your Love
[Get Off Your] High Horse Lady
Above The Clouds
Little People
The Stranger

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