Marketplace for Wednesday, July 1, 2009

Episode Description 

Inside a loan service call center

Calling your bank for loan advice can be a frustrating maze of automated messages and people without answers. But what's it like on the other side of the line at the nation's largest loan servicer, Bank of America? Tamara Keith reports.

Put an X through visions of recovery

The hot debate among macro-economists and market watchers is whether the economy's recovery will be V-shaped or U-shaped. Commentator Robert Reich says it's too early to see the shape of things to come.
Posted In: Economy

Nonprofit counts Census errors

The Census Bureau is reporting an exodus from suburbs, but the numbers are just estimates. A non-profit called Social Compact is finding a lot of uncounted people and it's redefining how inner-city populations are tallied. Jeff Tyler reports.

France's eateries serve up tax reduction

Going to a restaurant in France just got cheaper. The value-added tax on meals has been reduced to 5.5% from 19.6%. Tess Vigeland talks with Mark Williamson, chef and owner of two dining establishments in Paris.
Posted In: Food

IOUs may hurt California vendors

With California's $24 billion budget gap still unresolved, the state will start paying its bills with IOUs. Sarah Gardner reports on how this may affect state vendors.
Posted In: Economy

Financial firms fight consumer agency

The financial industry says it will attempt to block the Obama administration's proposal for a consumer protection agency. But its lobbyists may have a difficult battle ahead. Steve Henn reports.
Posted In: Economy

Banks load up on toxic assets

The U.S. Treasury's plan to get private investors to buy mortgage-backed securities is expected any day now. But it turns out some banks have been quietly loading up on these bonds for months now. Amy Scott reports.
Posted In: Economy, Investing

Music from this show

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La Califas Perdido
Tommy Guerrero
Wisdom
The Brian Jonestown Massacre
Falling Over Evening
The Six Parts Seven