Marketplace for Wednesday, July 22, 2009
Posted In: Health
At a White House press conference, President Obama asserts that a new health care policy is needed to bring the nation's larger economic problems under control. Marketplace's Tamara Keith reviews the president's talking points with Kai Ryssdal.
Posted In: Jobs
Many big corporations are already tracking their yearly greenhouse gas emissions, and more are expected to follow once Congress approves a climate change bill. Those who specialize in emissions accounting are likely to see a spike in business. Sarah Gardner reports.
The Treasury Department wants to use $15 billion in TARP money to boost credit markets and buy up loans from the Small Business Administration. Commentator David Frum warns that once the SBA starts getting TARP funds, it won't stop.
Two of the largest U.S. arbitration companies, which mediate legal conflicts between consumers and credit card companies, will stop accepting debt-collection disputes, thus shifting these cases to court. Jeremy Hobson reports.
Investment banks Goldman Sachs and JP Morgan each had big profits: $2.7 billion to be exact. But the more cautious Morgan Stanley reported a billion-dollar loss today. Does this mean substantial risk is necessary to gain a profit? Alisa Roth reports.
As banks start paying back TARP funds, taxpayers are getting about 12.4% return on their investment. Now lawmakers are trying to decide whether to spend that money to help the housing market or to pay down the national debt. Steve Henn reports.