Marketplace Morning Report for Wednesday, June 6, 2012

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Episode Description 
Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? The recession has boosted the number of Americans on food stamps to 44 million -- nearly double pre-recession levels.

Senators get briefing on Dodd-Frank progress

Implementation of the financial industry overhaul is still a work in progress. More than half of the 400 new rules have missed their deadlines.
Posted In: dodd-frank, Dodd-Frank law

Rising use makes food stamps a target

The recession has boosted the number of Americans on food stamps to 44 million.
Posted In: Wealth and Poverty, food stamps, Economy, recession

Wordplay: Defining 'austerity,' 'sequester' and 'equity'

Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? Senior producer Paddy Hirsch explains their actual definitions.
Posted In: austerity, equity

Big labor reels after Scott Walker victory

Republican Scott Walker won the recall election in Wisconsin yesterday which may have implications for organized labor in other states.
Posted In: labor, unions, Wisconsin, Scott Walker

Germany feels pressure of euro crisis

The credit rating agency Moody's downgraded seven German banks today, noting their exposure to Europe's debt problems and slower economic growth.
Posted In: Germany, austerity, Europe debt crisis, Moody's

Former union leader Andy Stern reacts to Walker victory

Scott Walker's victory yesterday dealt a blow to organized labor in Wisconsin and may have broader implications nationwide. Andy Stern, former head of the Service Employees International Union, gives us his reaction.
Posted In: unions, Wisconsin, labor

NASDAQ considers compensation for Facebook glitch

Published reports today suggest NASDAQ is working on a plan to compensate brokerages that lost perhaps $100 million when software fouled up the start of trading in Facebook's IPO last month.
Posted In: Facebook, NASDAQ, NYSE, IPO

Euro crisis tests role of ECB

There was no cut in interest rates from the European Central Bank today, but some would like the ECB to take action soon.
Posted In: ECB, Europe debt crisis, interest rates, Mario Draghi

Should central banks be doing more?

There's been more and more talk of the world economy slowing down. Still, the European Central Bank isn't changing its interest rate, and the Federal Reserve hasn't budged yet.
Posted In: European Central Bank, Federal Reserve, global recession

In Wisconsin, union leaders hold out hope for November

Despite Gov. Scott Walker's victory in the Wisconsin recall elections yesterday, union leaders are optimistic about their cause for the general elections in November.
Posted In: Wisconsin, unions, Scott Walker

PODCAST: Bad tenants and advice to live longer

Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? The recession has boosted the number of Americans on food stamps to 44 million -- nearly double pre-recession levels.

Foreclosures are latest TV fodder

Spike TV is introducing a new show this summer, "World's Worst Tenants," which will act out crazy-but-true stories of foreclosures and evictions.
Posted In: foreclosure, reality tv, recession art

Obama to visit upper-middle-class black L.A.

Neighbors say they are more economically vulnerable than white counterparts.
Posted In: Wealth and Poverty, elections, los angeles, View Park

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Nights Off
Siriusmo
Edgar
Modeselektor
I Wish You Were Gone
Joakim
Drifted
Groove Armada