11/07/07
Marketplace Morning Report for Wednesday, November 7, 2007
Episode Description:
Marketplace Morning Report for Wednesday, November 7, 2007
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Next credit casualty: Monolines
As problems continue to develop in the credit market, the latest casualty could be monolines. Scott Jagow talks to Stephen Beard about what exactly a monoline is and how it will be affected.
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What if you gave away all your money?
Performance artist Sara Juli wanted to confront and let go of her fears about money. So she took the idea literally and let go of $5,000 -- her entire life savings. Nick van der Kolk has more on her money-obsessed show.
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GM has worst quarter ever
General Motors looked like it was on the upswing until this morning, when reports showed the company lost a record $39 billion in the last three months. Amy Scott reports the trouble came from accounting . . . and subprime.
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Homelessness less a chronic problem
The Department of Housing and Urban Development says chronic homelessness is coming down. But Amy Scott reports this portion includes mostly single adults, and doesn't reflect homeless families.
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Health of the U.S. consumer is failing
A report out today from the Federal Reserve reviews the health of the American consumer. Paul Brandus reports that with the current economy, U.S. consumer health will likely deteriorate rapidly as the holidays approach.
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Ford, UAW deal outlook good
Ford and the UAW are in the final stages of an agreement, with workers' approval of the deal the last thing pending. Alisa Roth reports the new contracts draw similarities to those struck with GM and Chrysler.
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Fiji Water thirsts to quench eco-trouble
Bottled water has been getting a bad rep for its negative impact on the environment. But today, Fiji Water will unveil a new eco-friendly business plan that will actually help the environment. Jeff Tyler reports.
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WGA strike a digital dilemma
The writers' union strike started this week and the television reruns have already begun. But this strike's not about labor. Commentator Robert Reich explains why entertainment is dealing with a more creative issue.
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