Marketplace Morning Report for Wednesday, September 5, 2007

Episode Description 
Marketplace Morning Report for Wednesday, September 5, 2007

Thanks Australia, here's an arms deal

President Bush and Australia's prime minister took a break from the APEC summit today to reconfirm their position on Iraq. And perhaps not by coincidence, Bush is expected to announce a big defense deal with Australia. Alisa Roth reports.

Another Mattel recall makes three

Mattel has announced yet another recall of toys made in its factories in China. That's the third time in five weeks, but some in the industry are saying don't be too quick to put the blame on Chinese factories.
Posted In: Health, Retail

Job losses surge 85% in August

The housing market meltdown is hitting the job market. Layoffs in the financial sector reached record levels in August as brokers and bankers were sacked by the thousands. And this may just be the beginning of the hurt, Dan Grech reports.
Posted In: Jobs

Where emerging markets are safe

It's not Asia, says commentator David Frum. He suggests we take another look at Central Europe, where markets aren't developing at Asia's exciting breakneck pace, but they are growing steadily... with bonuses like law and accountability.

To bail out or not to bail out...

Yesterday the Fed urged lenders to work out new loan terms for borrowers who risk defaulting on their mortgages, but that's only a request, not a requirement. Now it's Congress's turn. Will taxpayers pay to fix the subprime mess? John Dimsdale reports.
Posted In: Housing

Rest in peace, private equity boom

Banks are fresh out of billions to lend, and thus goes the buyout boom. Data company Thompson Financial says the number of private equity deals around the world has fallen sharply. No surprise, the subprime crisis is to blame. Stephen Beard reports.

Hard time finding qualified buyers?

One consequence of the subprime collapse is that mortgage lenders have made it lot harder to get a home loan. Some say too hard, especially in cities where home prices are high. Stacey Vanek-Smith explains.
Posted In: Housing

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