Marketplace for May 10, 2011

Episode Description 
Marketplace for May 10, 2011

Budget trigger explained

Most budget-cutting proposals out there say if Congress can't cut the deficit, spending cuts and tax increases kick in automatically.

Greek debt levels spark more Eurozone fears

Greece may need a further $86 billion bailout and may default on its debts. It is once more sparking fears of a deepening crisis in Europe.

Mortgage fraud reports increase

As banks re-examine mortgages, they find fraud committed even during the housing bust.
Posted In: Housing

Microsoft buys Skype for $8.5 billion

Skype's Internet phone and video network could give many Microsoft products a sharper competitive edge. But will Skype still be free?
Posted In: Mergers and Acquisitions

Egypt seeks to crack down on foreign workers

The lack of jobs in Egypt is a major issue of discontent. So the new government has pledged to do something about it.

Illinois moves to aid illegal immigrants

State drops out of federal program that deports undocumented residents with criminal records. Law enforcement officials say it focused too much on workers with minor offenses, not hard-core felons.
Posted In: Immigration

In the U.K., Big Brother has a driver's license

A growing fleet of surveillance cars are plying the streets of London and other British cities looking for scofflaws. But a group of citizens on motorcycles is looking to thwart them.
Posted In: Crime

Japan scraps energy plan

In the wake of the Fukushima nuclear disaster, the country will "start from scratch" on its national energy plan.

Music from this show

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The Sun Smells Too Loud
Nosaj Thing
Jeremy Jay
I Turn My Camera On

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