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Marketplace for Thursday, January 6, 2011

Episode Description 
Marketplace for Thursday, January 6, 2011

Bank of America tests new fee system

Thanks to new rules restricting banks from charging exorbitant fees on credit cards, it seems that they're making it up in other ways. Bank of America announced a new fee system based on how much money customers keep in the bank, and how much they're not costing the bank. Stacey Vanek-Smith explains.
Posted In: Banks

S&P to lower ratings on recent mortgage-backed securities

Standard & Poors recently announced that it was going to lower the ratings of nearly 1,200 mortgage-backed securities. The problem here, says journalist Jesse Eisinger, is that these were rated in the past two years, meaning the rating agencies don't seem to know what they're doing. He talks to Kai Ryssdal about the details.
Posted In: Wall Street

BP spill report points fingers at oil industry

The commission appointed by the president to investigate the BP oil spill released a key chapter of its report today. It put the blame on BP, Halliburton and Transocean. But it also pointed a finger at the entire oil industry.
Posted In: Oil

Should there be a code of ethics for economists?

One of the topics to be discussed at the American Economics Association is whether economists should have a code of ethics. Annie Lowrey of Slate talks with Kai Ryssdal about what the research says on the ethics of economists.
Posted In: Crime

What now: The future of U.S-China trade relations

Commentator David Frum ponders the symbiotic relationship between the United States and China and its future.

More Turks leaving Germany than coming in

More Turkish Germans are heading back to their home country -- motivated by factors like better job opportunities in Turkey and not wanting to feel like a foreigner.
Posted In: Immigration, Jobs

Music from this show

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Girl They Won't Believe It
Joss Stone
Welcome to the Jungle
Vitamin String Quartet
Love Is Stronger Than Witchcraft
Robert Pollard