Marketplace for Tuesday, February 27, 2008
Cargill is suspending construction of a $200 million ethanol plant outside Topeka, Kan. The agribusiness giant says market conditions for ethanol are deteriorating. Jeremy Hobson reports.
Posted In: Economy
Some economists and pundits have said we should spend our way out of the current economic slowdown. But commentator and economist Susan Lee says it was that same worry-free attitude about buying that got us into the housing crisis in the first place.
Homeowners are not the only victims of the subprime mortgage crisis. Many renters are being evicted from homes and apartments going through foreclosure. Monica Brady-Myerov reports.
Years of fighting over Microsoft's failure to obey a 2004 antitrust order have finally ended with European Union regulators fining the company a record $1.3 billion. Kai Ryssdal talks to Stephen Beard about whether the fine will repair Microsoft-EU relations.
Posted In: Economy, Housing
Federal regulators for the mortgage securitizers Fannie Mae and Freddie Mac are lifting restrictions on the growth of their mortgage holdings. The caps had been put in place as a response to accounting errors in both companies. Nancy Marshall Genzer reports.