08/09/11
Marketplace for August 9, 2011
Episode Description:
Marketplace for August 9, 2011
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2
The downgrade's effect on cities' budgets and growth
Michael Bissonette, mayor of Chicopee, Mass., discusses how the S&P downgrade decision is already affecting his city and its plans for expansion and job growth
1
Oil prices sing the recession blues
But on the upside, it could mean lower gas prices at the pump
1
Fannie and Freddie downgrades could ripple through the economy
The downgrades of Fannie Mae and Freddie Mac could make it more difficult for Americans to buy a house, and further damage the wider economy
4
Fed to hold rates steady for two years
The Federal Reserve said the economy is still suffering, and took the unprecedented step of saying it will hold rates at nearly zero until the middle of 2013
0
U.K. riots hit areas that can least afford them
Rioting in London and a few other major British cities is concentrated in poor areas that can ill afford to deter businesses and jobs
2
The differing fortunes of Saab and Volvo
Two years after GM sold Saab and Ford sold off Volvo, there has been a striking difference in how the Swedish brands have fared.
4
Freakonomics: Why are we so bad at predicting the future?
People make a lot of money making predictions, so why are they so rarely right? Freakonomics Radio's Stephen Dubner talks about accountability in fortune telling.
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