Marketplace Report for Friday, October 17, 2008

Episode Description 
Marketplace Report for Friday, October 17, 2008

Redefining poverty in the U.S.

The U.S. definition of poverty is more than 40 years old, and critics think it's time for an overhaul. Mayors from all over the country met in L.A. to come up with a plan for resetting the poverty line. Rachel Dornhelm has more.
Posted In: Charity

Looking back to Bretton Woods

President Bush will meet with French President Nicolas Sarkozy at Camp David. It's not likely to lead to a worldwide summit because the president is in lame duck status. But Jeremy Hobson reports on something that might come up.
Posted In: Economy

Week on Wall Street

Are we in a recession? A slowdown? A rebalancing? What happens next? Kai Ryssdal asks Mike Mandel, writer for BusinessWeek, and Johs Worsoe, senior executive vp, global markets, for Union Bank, for their thoughts.
Posted In: Economy, Housing

A requiem for big investment banks

Investment banks like Bear Stearns and Lehman Brothers have been major casualties of the financial crisis. With investors skeptical about risk, is the investment banking model dead? London Bureau Chief Stephen Beard reports.
Posted In: Economy, Investing, Wall Street

Don't get too used to lower gas prices

The recent drop in oil prices might have us smiling at the pump now, but those lower prices could head back up. OPEC is expected to cut production during an emergency meeting next week. Nancy Marshall Genzer has more.
Posted In: Economy, Oil

Checking the state of the auto industry

Reports say GM and Chrysler have stepped up merger talks, with GM running out of cash. Toyota, on the other hand, is promoting a new zero-financing initiative for 11 models. Ashley Milne-Tyte has more.
Posted In: Auto, Economy

Housing construction slump continues

Construction of new homes was expected to drop in September, but not to the lowest number in seven years. With builders and buyers unable to get loans easily, the decline is expected to continue. Mitchell Hartman reports.
Posted In: Economy, Housing

Music from this show

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Ganging Up on the Sun
Skeleton Jar
Sex Change
Trans Am

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