Marketplace Report for Wednesday, October 8, 2008

Episode Description 
Marketplace Report for Wednesday, October 8, 2008

U.K., Iceland spar over online banks

The U.K. has threatened to sue Iceland to recover millions of euros Brits deposited in banks such as the collapsed IceSave, which has an online branch open to foreigners. European Bureau Chief Stephen Beard reports.
Posted In: Economy, Investing

Financial crisis is not eco-friendly

Global warming and other environmental worries sparked a green business boom in recent years. But with the flow of money freezing up, so is spending on renewable energy technology and sustainable products and services. Sarah Gardner reports.
Posted In: Economy

Recession is nothing new for Michigan

Signs of recession are everywhere in Michigan, which has been dealing with the auto industry's decline for years. New York Bureau Chief Amy Scott visited the Detroit area for our "Road to Ruin?" series and tells Kai Ryssdal what she saw.
Posted In: Economy, Wall Street

Feds are hiring staff for the bailout

The government has been collecting applications from asset managers to work on the bailout. They're the people who will buy and manage those bad loans and securities for the Treasury. Washington Bureau Chief John Dimsdale reports.
Posted In: Economy, Investing, Wall Street

Governments need to create jobs

The bailout didn't give the economy a psychological boost as was hoped. Consumers just aren't consuming. Commentator Robert Reich proposes a WPA-style solution -- put people to work on infrastructure and invest in schools.
Posted In: Economy, Wall Street

Even with price cuts, retail is down

September was not a good month for retail. No surprise there, right? Well, the drop in sales was even more than expected. Now retailers are especially worried about the holidays. Jaime Bedrin has the story.
Posted In: Economy, Retail

States can't get loans either

Businesses aren't the only ones squeezed by the credit crunch. State governments rely on short-term loans to keep services running. Jeff Tyler reports on the problems facing California and Massachusetts.
Posted In: Economy

Coordinated rate cuts unprecedented

The Fed and five other central banks made history by coordinating half-percentage-point interest-rate cuts. That had never been done before. Steve Henn reports how it came about.
Posted In: Economy, Wall Street

Music from this show

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Carved by Glaciers
Lymbyc Systym
The Chamberlains
The Chamberlains
Hissing Fauna, Are You The Destroyer?
Of Montreal
Minotaur Shock