Marketplace Morning Report for Wednesday, September 8, 2010

Episode Description 

Obama: No new tax cuts for the rich

President Obama is sticking to his position on tax cuts for the wealthy: he doesn't want them extended. Reporter Scott Tong talks with Jeremy Hobson about whether the president is trying to pit the middle class against the rich.
Posted In: Economy, Taxes

FHA ups mortgage insurance premiums

In the midst of all the government efforts to stimulate home buying, here's a surprise: The cost of mortgage insurance backed by the Federal Housing Administration is set to increase this fall. John Dimsdale explains.
Posted In: Housing

Who the Internet has hurt and helped

Seems like just about everyday there's another story about how the Internet has reshaped business or how some iPhone app has put some poor mom-and-pop out of their jobs. Porter Bibb at Mediatech Capital Partners spent a lot of his career in old media, and talks with Jeremy Hobson about the impact the Internet has had.
Posted In: Internet

Mozambique to stop bread price hike

Consumers in Mozambique are celebrating after their government said it would cancel a scheduled price increase for rolls of bread. That initial announcement led to riots. Reporter Gretchen Wilson talks with Steve Chiotakis about why this is a big deal for the southern African nation and whether the demonstrations could start again.

More sustainable: E-readers or books?

By some estimates, nearly 1 in 10 homes will have e-readers by the end of the year. But as the e-reader market heats up, what's better for the environment: good old regular books or electronic readers? Adriene Hill reports.

Firms hush on political campaign giving

People may be cutting back in a lot of areas, but political spending isn't one of them. Congressional and gubernatorial candidates are setting fundraising records this year. Corporate America is certainly giving its share, but not in a straightforward way. Stacey Vanek-Smith explains.

BP spreads blame for spill in report

BP has released an internal report that says multiple companies and people are to blame for the Gulf of Mexico oil leak. Europe correspondent Stephen Beard talks with Jeremy Hobson about what is in the report and whether the company's outlook has changed.
Posted In: Oil

Cutting tax breaks may pay for stimulus

To pay for some of President Obama's economic ideas -- like more roads and rails -- some tax breaks may be eliminated. Specifically, some deductions that oil and gas companies currently enjoy that allow them to lower their tax bills. Scott Tong reports.
Posted In: Oil, Taxes

EU divided over bank transaction tax

The European Union continues to divide over plans to tax the banks. The bank tax is supposed to curb financial risk-taking and help prevent a future financial crisis. But there are a number of perspectives.

Music from this show

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Heretics
Andrew Bird
Sunrise
Norah Jones
Broken Levee Blues
DJ Shadow
Year of the President
Mobius Band

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