Marketplace for Thursday, September 13, 2012

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Episode Description 
The Federal Reserve has announced that it will pump $40 billion a month into mortgage bonds for "as long as it takes" to make buying viable again. It also plans to keep short-term interest rates near zero until at least 2015. Frank Newport breaks down the latest Pew numbers. Plus Marketplace's Amy Scott checks in with Oyler School, part of the burgeoning "community schools" movement, and China correspondent Rob Schmitz brings us more stories from China's famous (and infamous) Street of Eternal Happiness.

Leading the change at Oyler School

School principal Craig Hockenberry fights poverty with community at a different kind of school in Cincinnati.
Posted In: Education, Oyler School

Fed unveils QE3, now for some good analogies

The Federal Reserve announced its third round of quantitative easing Thursday to help stimulate the economy. You've heard the explainers. You've seen the videos. Now, let's review all the analogies.
Posted In: QE3, Federal Reserve

Politics affects how you feel about the economy

Gallup editor-in-chief Frank Newport on how your interpretation of economic news varies depending on your political orientation.
Posted In: Democrats, Republicans, 2012 election

Is the Federal Reserve above politics?

Cries of politics haunt past election-year decisions on monetary policy.
Posted In: Federal Reserve, politics, Barack Obama, Ben Bernanke

Federal Reserve announces QE3

Chairman Ben Bernanke revealed that Federal Reserve is proceeding with a third round of quantitative easing. How will this help the economy?
Posted In: Federal Reserve, quantitative easing, QE3

FDA warns on anti-aging claims of cosmetics

Anti-aging creams are a growing share of the cosmetics market, but the FDA warns that if companies claim pharmaceutical benefits from their products, the FDA will review them as drugs.
Posted In: aging, makeup, cosmetics, L'Oreal

The Street of Eternal Happiness: The CEO Motorcycle Gang

Every Friday night, a motorcycle gang of Chinese executives and self-made millionaires meets at the Coffee Bean and Tea Leaf on The Street of Eternal Happiness. Here's their story.
Posted In: Harly Davidson

Music from this show

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Champions
Dan The Automator
Northside Diehard (Instrumental)
Matlock
Get Better John
Mux Mool
Born To Be Wild (Single Version)
Steppenwolf