Marketplace for Monday, November 24, 2007

Episode Description 

Loss of home equity is the crux of crisis

Little noticed in the day's headlines is this little tidbit: Existing home sales fell another 3% last month. The average house today is worth about what it was in early 2004. Commentator Dean Baker says attention must be paid.
Posted In: Economy, Housing

More retail customers paying with cash

We've been a nation of borrowers for a while now. What might be surprising is the news that we're changing those habits. Retailers are starting to see a preference for cash on the barrelhead. Jeremy Hobson reports.
Posted In: Economy, Retail

French firms turn to poor areas for help

France's largely immigrant suburbs have long faced high unemployment, in some areas at double the national average. But large companies have now begun recruiting from these neighborhoods because it's good for business. Anita Elash report.
Posted In: Immigration, Jobs

What I'm Doing: Economist Ryan Brecht

Ryan Brecht, an economist who forecasts economic data for the U.S., tells how he's looking past the numbers and thinking about the people hurt by lost jobs and higher prices.

Obama unveils team, but few details

President-elect Obama announced his economic team today, but he was short on specifics for his economic stimulus plan. Washington bureau chief John Dimsdale reports.
Posted In: Economy

Citi bailout shows depth of toxic assets

In the federal government's bailout of Citigroup, the bank gets another $20 billion of fresh capital, and taxpayers are on the hook for most of the losses from Citi's toxic assets. Kai Ryssdal talks with John Carney of Clusterstock.com about the details.
Posted In: Economy

Macy's adapts to the downturn

Retailers are facing grim predictions for meager Christmas-sales growth. Macy's CEO Terry Lundgren talks about how one of the biggest retail chains is dealing with the downturn.