Jan 12, 2011

Marketplace Morning Report for Wednesday, January 12, 2011

Segments From this episode

Illinois passes a 66 percent income tax increase

by John Dimsdale

Jan 12, 2011

Illinois state legislators passed a 66 percent income tax increase in an effort to close a $15 billion hole in the state budget. John Dimsdale explains.

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Floodwaters could cost Australia 1 percent of the GDP in damages

by Marketplace Staff

Jan 12, 2011

A landmass one and a half times the size of Texas is still underwater in Australia. Stuart Cohen explains what this means for the Australian, and global economy.

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Controversial Airbus revamp proves successful

by Stephen Beard

Jan 12, 2011

Many criticized Airbus's announcement to upgrade the A320 NEO with a more fuel efficient engine. According to Airbus rival, Boeing, most airlines would prefer to wait for an all-new model. However in light of a recent sale, Boeing may be following in Airbus's footsteps. Stephen Beard explains.

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Illinois tax increase: reactions and ramifications

by Marketplace Staff

Jan 12, 2011

Jeremy Hobson speaks to Amanda Vinicky, Statehouse Bureau Chief for WUIS Illinois Public Media, and John Dimsdale, Marketplace Washington Bureau Chief about the tax increase decisions in Illinois, and the implications for the rest of the country.

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Richard DeKaser: European debt crisis

by Marketplace Staff

Jan 12, 2011

Jeremy Hobson speaks with Richard DeKaser of the Parthenon Group about the European debt crisis, and the purchase of Portugal's debt.

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China's yuan trades in the U.S. for the first time

by Rob Schmitz

Jan 12, 2011

For the first time, China's largest state bank is allowing its customers to trade its currency in the United States. And it has some people talking about the Yuan becoming a global currency. Rob Schmitz explains.

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Haiti -- One Year Later

by Marketplace Staff

Jan 12, 2011

It's been a year since the devastating earthquake in Haiti. Millions have been donated to the country to help it cope and rebuild, but there's not much evidence of progress.

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Walmart makes appeal for NYC through citizens

by Janet Babin

Jan 13, 2011

Walmart has been trying to open stores in New York City for nearly a decade, but has always been met with fierce opposition from lawmakers and unions. Now the retailer is taking its message straight to the citizens themselves.

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Could there be a double-dip in housing?

by Mitchell Hartman

Jan 13, 2011

New data shows that home prices are falling again, while mortgage rates are up .75 percent since late fall. Foreclosures are dragging the market down even farther. Mitchell Hartman reports on the possibility of a double-dip in the housing market.

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California isn't doing as badly as you think

by Marketplace Staff

Jan 13, 2011

Steve Chiotakis talks to Wall Street Journal columnist Brett Arends about why he believes California isn't in as bad shape as everyone says it is.

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BBC World Service

Hardback books are still thriving

by Rebecca Singer

Jan 13, 2011

The e-book market continues to gain more customers, but there is still one part of the traditional book market that finds itself thriving -- hardbacks. Sales in the U.K. have increased, thanks to hardbacks' decorative appeal and endurance.