Marketplace Morning Report for Wednesday, March 25, 2009

Episode Description 
Marketplace Morning Report for Wednesday, March 25, 2009

In defense of the toxic asset plan

Some on Wall Street are genuinely optimistic about the government's plan to buy toxic assets and get them off of bank balance sheets. Renita Jablonski talks to L.A. Times business columnist David Lazarus.
Posted In: Investing

Europe: U.S. spending 'a way to hell'

European leaders are responding to President Obama's budget by brushing off Washington's pleas to match the U.S.'s level of stimulus spending. Christopher Werth reports U.K. ties may not help the U.S. now either.

New ways to curb old tech waste

A House committee is looking at old electronics waste, which the EPA says is growing two to three times faster than any other kind. As Caitlan Carroll reports, this is largely because no one knows what to do with it.

Higher fees are good news for banks

Mortgage Bankers Association predicts refinancings will more than double this year to the tune of nearly $2 trillion, and that means plenty of processing fees. Amanda Aronczyk tells you how to tell you're getting a good deal.
Posted In: Investing

Obama spending may be a hard sell

Budget committees in the House and Senate are working through President Obama's proposed spending plan to make sure things balance out. The president may struggle to reign in some Democrats to his side. Tamara Keith reports.

U.S., Mexico in simmering trade war

Secretary of State Hillary Clinton is visiting Mexico today on the heels of the country's decision to impose tariffs on 90 U.S. products. Dan Grech reports what prompted the move and why Secretary Clinton can't resolve the dispute.
Posted In: Mexico

Dear Mr. Liddy: I quit

AIG top executive Jake DeSantis wrote a biting letter of resignation to company CEO Edward Liddy. Read what he had to say.

Japanese exports fall by almost half

Japanese exports are down about 49 percent year over year, leaving the country's economy worse off than the U.S. in many ways. Marketplace's Scott Tong tells Bob Moon what or who is at fault for the market's freefall.

Too many cigarette butts to kick

Today is the 14th annual Kick Butts Day, and students across the country will highlight the health hazards of smoking. But they have a lot of work to do if they want to combat $13 billion in tobacco advertising. Danielle Karson reports.
Posted In: Health

Don't provoke a cap-and-trade war

As Congress susses out details of a new climate bill, Energy Secretary Steve Chu is threatening trade sanctions on countries that don't comply with carbon regulation. Commentator Will Wilkinson says we can't fight other countries to enforce our will.

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