Marketplace for Thursday, February 9, 2012
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After a year in the making, the government finally reaches a foreclosure settlement with five major banks. The Greeks, too, have reportedly settled on making austerity cuts that would also allow them to get a bailout package. The Chinese market for art is spinning out of control. Youngsters are running away from the TV sets. And Kai Ryssdal talks to Walter Mosley, author of "All I Did Was Shoot My Man," about race and class in the age of global capitalism.
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Posted In: fiction, class, poverty
Walter Mosley's new book, "All I Did Was Shoot My Man," is more than a mystery novel. Both Mosley and his recurring protagonist, Leonid McGill, take on issues of economic injustice, inequality and the inevitable world of capitalism we live in.
Posted In: Housing, foreclosure, mortgage settlement
State and federal authorities unveil a $25 billion deal with big banks to address foreclosure abuses and to aid underwater homeowners.
Posted In: Housing, foreclosure, mortgage, mortgage settlement
Today's $26 billion settlement between the government and five of the nation's biggest banks could free up the billions in mortgage securities they possess. But the settlement will also change many of the ways banks deal with foreclosures.
Posted In: apple
There's been a lot in the press lately about working conditions in Apple factories in China. Apparently, we're worried about it -- but only a little bit.