Marketplace for Wednesday, May 16, 2012

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Episode Description 
Hundreds of millions of dollars in the housing settlement meant to provide relief to struggling homeowners is being used to plug state budget gaps. Commentator Robert Reich says forget the Volcker rule -- let's bring back Glass-Steagall instead. The number of older Americans who are long-term unemployed has more than doubled since the recession. And in the U.S. economy recovery, it looks that the wealthy are recovering more of their money than the poor. Kai Ryssdal talks to a Greek resident about the reported 'bank runs' happening there today. And in the latest installment of Freakonomics, Stephen Dubner talks about the unintended consequences of retirement.

In economic recovery, the rich recover more

The middle-class has lost significant wealth for the long term. The wealthy -- not so much.
Posted In: recovery

Bad news for older workers

The Government Accountability Office says the number of long-term unemployed 55 and older has more than doubled since the recession began back in 2007. That's bad news for the economy and children of retirees.
Posted In: elderly, older workers, long-term unemployed

States use homeowner funds to plug budget holes

Major banks forked over billions of dollars in a mortgage settlement. Some states are using that money to fix any kind of budget gap.
Posted In: Housing, mortgage settlement

A reality check on the Greek bank run

We check in with one Athens resident about whether Greeks are really withdrawing their cash from local banks in droves and what the mood is like on the streets.
Posted In: Greece, Greek debt

Why early retirement may not be good for your health

Freakonomics Radio explores the hidden side of early retirement.
Posted In: Retirement

Skechers settles false ad charges on Shape-ups

Skechers agrees to pay $50 million to settle charges it made false claims about the health benefits of its Shape-ups and other toning shoes.
Posted In: skechers, toning shoes, footwear

Labor Department corrects numbers on female job losses

The actual percentage of job losses by women the past three years is lower than the 90 percent Mitt Romney stated last month.
Posted In: women, Unemployment, Postal Service

Time to bring back Glass-Steagall?

Commentator Robert Reich says the Volcker Rule is not strong enough to prevent JPMorgan Chase-style loss.
Posted In: JPMorgan, Volcker Rule, Glass-Steagall

Music from this show

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On Some Faraway Beach
Brian Eno
Somebody Loves Me
Les Paul
The Hunter Gets Captured By The Game (2001 Digital Remaster)
Blondie
Everything Falls Apart
The One Am Radio

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