Mar 4, 2009

Marketplace Morning Report for Wednesday, March 4, 2009

Segments From this episode

IRS fighting UBS on bank secrecy

by Mitchell Hartman

Mar 4, 2009

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.

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Commentary

Introducing the era of Obamanomics

by Marketplace Staff

Mar 4, 2009

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.

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Fallout: The Financial Crisis

More power for bankruptcy judges

by Dan Grech

Mar 4, 2009

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.

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Government prepares large-scale hiring

by Marketplace Staff

Mar 4, 2009

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.

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Hire these guys and we'll pay you

by Stacey Vanek Smith

Mar 4, 2009

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.

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Fallout: The Financial Crisis

The factory lights are on in China

by Scott Tong

Mar 4, 2009

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.

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Living in an underwater house

by Marketplace Staff

Mar 4, 2009

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.

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GM's European division seeks bailout

by Marketplace Staff

Mar 4, 2009

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.

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Fallout: The Financial Crisis

Obama needs presence on world stage

by Marketplace Staff

Mar 4, 2009

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.

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French get over crisis through culture

by Marketplace Staff

Mar 4, 2009

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.