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Marketplace Morning Report for Wednesday, March 4, 2009

Episode Description 
Marketplace Morning Report for Wednesday, March 4, 2009

French get over crisis through culture

Attendance is up at museums and cinemas in France. Experts attribute the rise in cultural interest to the financial crisis. Anita Elash explores the trend of cultural escapism through a rough economic climate.

Obama needs presence on world stage

British Prime Minister Gordon Brown addresses Congress today on the U.S.'s need to work with the international community on the crisis. Financial Times columnist Philip Stephens tells Steve Chiotakis how President Obama could be more involved.

GM's European division seeks bailout

General Motor's European division is threatening to cut jobs if one of several countries doesn't step up with a bailout. Layoffs would be centered around Opel, GM's German division. Christopher Werth reports.
Posted In: Auto

Living in an underwater house

A study out this morning shows that 1 in 5 U.S. homeowners owe more to their mortgage lenders than their homes are worth. Jennifer Collins crunches numbers on "underwater" mortgages and where most of them are.
Posted In: Housing

The factory lights are on in China

There seem to be signs this morning that Chinese manufacturing is coming back to life. Bill Radke talks to Marketplace's Scott Tong in Shanghai about why things might be picking up and more about the China's stimulus plan.

Hire these guys and we'll pay you

A Virginia-based advertising firm is paying $4,000 to companies that hire one of the two dozen workers it just laid off. The incentive has been working. Stacey Vanek-Smith explores how there's money in it for prospective employers.
Posted In: Jobs

Government prepares large-scale hiring

The federal government is planning to expand its staff, creating thousands of new jobs within several agencies. Some estimates put the exact number as high as a quarter of a million. Ronni Radbill reports.
Posted In: Jobs

More power for bankruptcy judges

The House is weighing a bill that would give bankruptcy judges the ability to modify mortgages. They could force lenders to cut the principal on a loan, lower the interest rate, or even extend the life of the loan. Dan Grech reports.
Posted In: Housing

Introducing the era of Obamanomics

After living more than a quarter century under the trickle-down philosophy of Reaganomics, Obama's economic plan is a clear departure. Commentator Robert Reich explores how and why Obamanomics can work.

IRS fighting UBS on bank secrecy

A Senate committee is holding a hearing on whether Swiss bank UBS's adherence to international bank secrecy is helping wealthy U.S. citizens avoid income tax. Mitchell Hartman reports what Swiss defenders are saying.

Music from this show

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In Christ There Is No East Or West
Leo Kottke
Made To Run (Album Version)
Blue Merle
Dakota
Stereophonics