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Marketplace Morning Report for Wednesday, July 18, 2012

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There's a growing sense among economists that the housing market has finally hit bottom, as home prices and home sales have been stabilizing in many places. There's a new report out today that's got one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped. And overseas, India has lost its ranking as the country with the most upbeat consumers, according to Nielsen. But it wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China.

PODCAST: Cheap ticket glitch, Lin says goodbye to Knicks

There's a growing sense among economists that the housing market has finally hit bottom, as home prices and home sales have been stabilizing in many places. There's a new report out today that's got one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped. And overseas, India has lost its ranking as the country with the most upbeat consumers, according to Nielsen. But it wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China.

Australian woman wins key Thalidomide settlement

Today, a woman in Australia born without arms or legs reached a multi-million dollar settlement with the distributor of Thalidomide, as a previously undiagnosed victim of the drug's side effects. The case may prompt similar legal action for uncompensated victims around the world.
Posted In: Health, pharmaceuticals, class action lawsuits

Housing construction showing signs of recovery

Groundbreaking on new homes jumped up last month at the fastest pace in three years. Housing starts were up 6.9 percent from May and 24 percent from a year ago.
Posted In: housing market

Bank of America reports $2.5 billion profit

Bank of America just reported its quarterly earnings and they're better than expected: $2.5 billion in profit. What does that mean for the U.S. economy on the whole?
Posted In: Bank of America, Earnings

Chinese companies predict falling profits

Some of China's biggest companies are warning that profits for the first half of this year could be cut in half. It's the latest evidence of an economic slowdown in China and gives you a sense of how big that slowdown might be.
Posted In: China

Sheila Bair on the state of Dodd-Frank and financial reform

Two years ago this Saturday, President Obama signed the Dodd-Frank financial reform law. Many say the bailout pulled the economy back from the brink. But the ad-hoc nature of the bailout made clear we needed better ways of responding to -- and ideally preventing -- financial crises.
Posted In: Dodd-Frank law, Sheila Bair, financial reform

Study: Visa law prevents companies from hiring best workers

There's a new report out today that provides one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped, and doesn't account for the economic geography of America.
Posted In: hiring, Science, H-1B visas

Chinese exports help boost economy over India

It wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China. But China retains the upper hand in that relationship, thanks in part to its exports.
Posted In: India, China, consumer, toys

Housing market shows signs of revival

New home construction figures could provide momentum to the sense that the housing market is finally turning the corner.
Posted In: Housing

The influence of the vice president

As Romney prepares to tap running mate, historians say vice presidents have a mostly unseen role in shaping policy.
Posted In: vice president, Mitt Romney, 2012 election

Music from this show

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Blastoff
Reptar
Skin To Skin
The Sway Machinery
Someone Great
LCD Soundsystem
Still Sound
Toro Y Moi
Housewife (Instrumental Version)
Dr. Dre