Marketplace®
Every story is an economic story
  • Feb 14, 2009

    Refinance

    by Chris Farrell

    Question: Today Friday the 13th, we signed refinancing papers for a 4.75% fixed 15-year mortgage. We had 6.0% 30-year fixed so this is a good deal…

  • Feb 14, 2009

    Job search a struggle for veterans

    by Marketplace Staff

    The unemployment rate among active-duty veterans coming home from Iraq and Afghanistan is 2% higher than for civilians. We hear from veteran Stephen Kraft, who, despite having a strong resume, is finding it hard to get steady work.

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  • Feb 14, 2009

    Health care workers get state support

    by Ethan Lindsey
    At a Portland, Ore., hotel, William Douglas teaches home-care classes on how to budget personal money and other courses in career and personal development.
    Ethan Lindsey

    Oregon residents can get paid through Medicaid if they become official caretakers for family members. Ethan Lindsey reports how some home care workers get help from the state, and how the recession might affect the job.

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  • Feb 14, 2009

    Got something to say?

    by Marketplace Staff

    Tess Vigeland reads listener e-mails on long-term investing, "do-it-yourself disasters," and an idea to mandate that all members of Congress do their own taxes with pencil, paper and calculator.

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  • Feb 14, 2009

    Getting Personal

    by Chris Farrell and Tess Vigeland
    Getting Personal
    Marketplace

    Tess Vigeland and economics editor Chris Farrell give advice to a woman being laid off, refinancing student loans and whether it's a good idea to take out a loan against the value of a CD.

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  • Feb 14, 2009

    How to nurture a budding Buffett

    by Marketplace Staff

    Now is a good time for young investors to learn a lot about Wall Street and take advantage of opportunities in undervalued stocks. Sally Herships meets with 14-year-old traders who keep up with the markets.

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  • OK, so maybe you can't lavish your loved one with expensive gifts. But if had unlimited funds, what would you get? Sean Cole peruses a millionaire's Valentine's list, and poses some questions about money and love.

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  • Feb 14, 2009

    Straight Story: Stimulus a step forward

    by Chris Farrell and Tess Vigeland
    Economics editor Chris Farrell
    American Public Media

    Economists have been sparring for weeks over the merits of the stimulus package. Tess Vigeland talks to our Economics Editor Chris Farrell, who tells us why he thinks the stimulus package is a good thing.

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  • Feb 14, 2009

    What the stimulus means for us

    by John Dimsdale and Tess Vigeland
    House Democrats talk to reporters at news conference after the House approved the economic stimulus bill. From left, Majority Leader Steny Hoyer of Maryland, Speaker of the House Nancy Pelosi of California, Democratic Caucus Chair Rep. John Larson of Connecticut, Democratic Congressional Campaign Committee Chair Rep. Chris Van Hollen of Maryland, and Ways and Means Committee Chairman Charlie Rangel of New York.
    Chip Somodevilla/Getty Images

    How will the stimulus bill help the taxpayer? Tess Vigeland evaluates the package on everything from jobs to loans to tax credits with Marketplace senior editor Paddy Hirsch and Washington Bureau Chief John Dimsdale.

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  • Feb 14, 2009

    Whew… what a week

    by Scott Jagow

    Between Congress and the Treasury, there was a lot to stomach — a thousand-plus pages and $2-3 trillion in solutions for the economy. On…

  • Feb 14, 2009

    Gas Prices 101

    by Scott Jagow

    I was on the phone with my parents last night, and my Dad was grumbling about the price of gasoline. Why is it, he asked, that oil prices keep…

  • Feb 14, 2009

    Tanzania pays price for cheap knockoffs

    by Marketplace Staff

    Manufacturers are capitalizing on the demand residents in developing countries have for modern amenities. China is exporting fake merchandise to Tanzania to make a quick buck. As Gretchen Wilson reports, these cheap goods come with huge long-term costs.

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  • Feb 14, 2009

    Microsoft stores coming soon near you

    by Marketplace Staff

    Microsoft is gearing up to launch retail stores worldwide to build product buzz and connect with consumers. Will the company be able to re-brand itself to appeal to a larger audience? Mitchell Hartman reports.

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  • Feb 14, 2009

    Weekly Wrap: Bank CEOs and Geithner

    by Marketplace Staff

    News this week surrounded some very important people — bailed-out bank CEOs and Treasury Secretary Timothy Geithner. Kai Ryssdal speaks about the banking system with The Wall Street Journal's Heidi Moore and The Atlantic's Megan McCardle.

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  • Feb 14, 2009

    Models like First Daughters in demand

    by Marketplace Staff

    New York Fashion Week is launching, and there's one demand on the runways: girls who look like First Daughters Sasha and Malia Obama. Sally Herships reports.

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  • Feb 14, 2009

    Colorado goes after California workers

    by Marketplace Staff

    California is hurting in this economy, and Colorado is capitalizing. The Centennial State is mounting a Valentine-themed campaign to lure California companies out of the Golden State. Rob Schmitz reports.

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  • Feb 14, 2009

    Will states be fast, wise with stimulus?

    by Nancy Marshall-Genzer

    Congress is requiring states to allocate some of their stimulus money within 45 days. But is this enough time for states to spend the money wisely? Nancy Marshall Genzer reports.

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  • Feb 14, 2009

    Obama to tackle housing problem next

    by Marketplace Staff

    President Obama is expected to unveil a plan to reinvigorate the housing sector next week. Kai Ryssdal speaks with Columbia University Professor Chris Mayer about what the plan might look like.

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  • Feb 14, 2009

    The Cliche Crunch

    by Scott Jagow

    See how many cliches you can spot in this blog post. The current economic climate has spawned a new wave of cliches, starting with the ever…

  • Feb 14, 2009

    G7 ministers want focus on free trade

    by Marketplace Staff

    As the Group of Seven nations meets on financial concerns this morning, some are worried that free trade could go by the wayside. Germany's finance minister is warning against protectionism. Jennifer Collins reports.

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  • Feb 13, 2009

    Stimulus has a plan for housing market

    by Jeremy Hobson

    The House could vote as early as today on that economic stimulus bill, and news of a plan to stop people from falling behind on their mortgages excited investors. Jeremy Hobson reports how the bill could help homeowners.

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  • Feb 13, 2009

    Relationships feel recession strain

    by Marketplace Staff

    Couples struggling in the current recession may also struggle with each other. Bill Radke talks to Gail Cunningham with the National Foundation for Credit Counseling, who suggests couples have an open talk about finances.

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  • Feb 13, 2009

    Stores mark down new fashions early

    by Janet Babin

    New York fashion week is kicking off, and many designers are fearing their new fall lines will be discounted before the season even begins. Over the holidays many stores slashed prices without telling designers. Janet Babin reports.

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  • Feb 13, 2009

    This is Spinal TARP

    by Scott Jagow

    While it doesn't look good for President Obama to have cabinet nominees backing out on him, I suppose it's better than having them take the job…

  • The agency that regulates Britain's banks is falling under criticism for bonuses to top bank executives. Critics warn that regulators shouldn't reward poor performance with cash. Stephen Beard reports.

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  • Feb 13, 2009

    Las Vegas means business

    by Bob Moon

    Economic fallout is hurting the Las Vegas convention industry, and part of it may have to do with the city's image as a getaway. The mayor and others want people to not feel guilty about doing business there. Bob Moon reports.

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  • Feb 13, 2009

    A lot of Hocus Pocus

    by Scott Jagow

    If you're superstitious, 2009 could have you on edge. Today is the first of three Friday the 13ths. If you're stock investor, you're already on…

  • Feb 13, 2009

    Combining love and work is an art

    by Mitchell Hartman

    Hand crafters Michael Wood and Mona Harris met through work and fell in love, and eventually started working together. Mitchell Hartman reports to keep such a relationship healthy, you've got to be crafty.

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  • Feb 13, 2009

    Geithner will try to get G7 on board

    by Steve Henn

    Treasury Secretary Tim Geithner is attending the G7 conference in Rome, hoping to work together with finance ministers on the faltering economy. Steve Henn explores the pros and cons of conjoining efforts with other countries.

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  • Feb 13, 2009

    Toyota scaling back on U.S. production

    by Jeremy Hobson

    Toyota is offering buyouts to some 18,000 workers and shortening its work week by eight hours at some plants in efforts to cut back U.S. production. Jeremy Hobson reports the automaker is doing everything possible not to lay off workers.

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  • Marketplace for Friday, Feb. 13, 2009

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  • Marketplace Morning Report for Friday, February 13, 2009

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  • Feb 13, 2009

    Unions

    by Chris Farrell

    Any debate about the future of unions in the U.S. is really a discussion about public sector unions. The private sector's unionized workforce is…

  • Feb 13, 2009

    Housing plan coming together

    by Scott Jagow

    Stocks are having a late rally because of this news from Reuters. The story says the President is working on a new program for homeowners that is…

  • Feb 13, 2009

    New Orleans residents love its charm

    by Marketplace Staff

    After Hurricane Katrina ripped through New Orleans, many residents were quick to rush back. Dan Baum covered New Orleans in the aftermath of Hurricane Katrina and talks to Kai Ryssdal about why the Crescent City is so appealing.

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  • Feb 13, 2009

    No natural selection in business

    by Marketplace Staff

    Charles Darwin fathered the theory of evolution. His work is so far-reaching, even the business world has adopted his "survival of the fittest" theory of natural selection. But commentator Natasha Loder says economic selection is anything but natural.

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  • Feb 13, 2009

    Art imitates life in new movies

    by Stacey Vanek Smith
    Movie audience
    Getty Images

    The movies "Confessions of a Shopaholic" and "The International" open this weekend. But will viewers be entertained by a movie about our pre-recession consumption or one about our current banking crisis? Stacey Vanek-Smith reports.

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  • Feb 13, 2009

    How foreclosures affect housing prices

    by Ashley Milne-Tyte

    Foreclosure filings continue to increase as home prices drop. How much are foreclosures affecting housing prices? Ashley Milne-Tyte reports.

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  • Feb 13, 2009

    Measuring the success of the stimulus

    by Nancy Marshall-Genzer

    President Obama says the stimulus package will create or preserve 3.5 million jobs and get the economy on track. But will the package actually stimulate the economy? And how will we measure its success? Nancy Marshall Genzer reports.

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  • Feb 13, 2009

    Unemployment and poverty

    by Chris Farrell

    The numbers are dismal. In 2007, 37 million people were living in poverty. That's 4 million more than when the business cycle expansion started…

  • Feb 13, 2009

    Consolidate loans to mortgage

    by Chris Farrell

    Question: Please help… Would it be a good or bad decision to put a non-consolidated Parent Plus Loan into a home refinance? The refinance rate is…

  • Feb 13, 2009

    Really, Mr. Greenspan?

    by Scott Jagow

    Tonight, CNBC airs a two-hour documentary on the economy's collapse called "The House of Cards." It includes comments from former Federal Reserve…

  • Feb 12, 2009

    And the Raspberry goes to…

    by Scott Jagow

    Which economy is getting hit hardest by the global recession? According to this analysis from The Economist, the answer is Taiwan. Taiwanese…

  • Feb 12, 2009

    The phone named after a fruit

    by Scott Jagow

    And I'm not talking about Apple. I'm referring to the pomegranate phone. This product may be old news in some circles, but if you haven't had the…

  • Feb 12, 2009

    Stimulus plans to create, save jobs

    by Jeremy Hobson

    After negotiations yesterday on the stimulus bill, lawmakers plan to try and create or save up to 3.5 million jobs. Construction and government jobs will be the first on the list. Jeremy Hobson reports others may have to wait.

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  • Feb 12, 2009

    Mark Cuban’s Stimulus Plan

    by Scott Jagow

    NBA owner Mark Cuban is pitching his own little plan for creating jobs. You can read about it on his website. Cuban says he'll invest in…

  • Feb 12, 2009

    Poll: Medicare should be for everyone

    by Marketplace Staff

    A new poll shows a majority of Americans believe Medicare should be expanded to include everyone. More than half of respondents are even willing to pay more taxes for the coverage. Danielle Karson reports.

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  • Commercial satellite companies are assessing the impact of a collision in space where a Russian craft destroyed an American communications satellite. Stephen Beard reports on the need to monitor space junk.

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  • Feb 12, 2009

    Ticketmaster, embrace your awfulness

    by Scott Jagow

    Google's informal motto is Don't Be Evil. I think Ticketmaster should come up with one of its own: "We're Evil, Whatchya Gonna Do About It?" …

  • Feb 12, 2009

    Lost for words? Try a web poet

    by Marketplace Staff

    After people kept asking Danielle McDonald to pen personalized poems, she thought she could make a little cash doing it. Spend a few bucks at Secretwriter.org and she'll craft a sonnet in your name. Sean Cole reports.

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  • Feb 12, 2009

    Bankrupt stores can still sell their name

    by Mitchell Hartman

    Several big retail chains have been going bust in this economy, with Circuit City and Mervyn's the latest to fall. But some companies are willing to spend some money on a still valuable brand name. Mitchell Hartman reports.

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  • Feb 12, 2009

    New gold rush challenges old town

    by Marketplace Staff

    A rise in gold over the past several years is reviving interest in the Old West's historic gold fields. But one town in Colorado worries about the effects the rush will have on its tourism. Megan Verlee reports.

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  • Feb 12, 2009

    FTC offering web marketing guidelines

    by Marketplace Staff

    The Federal Trade Commission is weighing in on the lack of regulation in online marketing amidst growing concern over what the industry does with personal information. But some are skeptical that self-regulation will work. Sam Eaton reports.

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  • Feb 12, 2009

    Stimulus bill won’t protect everyone

    by Jeremy Hobson

    A provision was removed from the stimulus that would have protected federal employees from retaliation if they blew the whistle on fraud or abuse. Jeremy Hobson reports what the bill calls for now instead.

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  • Marketplace Morning Report for Thursday, February 12, 2009

  • Feb 12, 2009

    House and Senate reach stimulus deal

    by Marketplace Staff

    Congressional leaders reached an agreement on a $789 billion stimulus package today. Host Kai Ryssdal talks with Washington bureau chief John Dimsdale about the details of the deal.

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  • Feb 12, 2009

    Yelp, Kindle and other strange words

    by Scott Jagow

    If you're tired of reading about stimulus and TARPs, here are a couple of technology stories that drew my attention. One is about the new Amazon…

  • Feb 12, 2009

    Will companies stay green in recession?

    by Sarah Gardner

    In the past few years, many companies have made the effort to become more green — from launching sustainability initiatives to cutting energy use. But in this economic downturn, is corporate green fervor dwindling? Sarah Gardner reports.

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  • Feb 12, 2009

    Army attracts white-collar workers

    by Marketplace Staff

    When the Army held a military job fair in Maryland recently for up to 400 civilian positions, about 4,000 applicants, many of them white-collar workers, lined up for inspection. Tamara Keith reports.

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  • Feb 12, 2009

    Where’s transparency in stability plan?

    by Marketplace Staff

    Treasury Secretary Timothy Geithner said transparency would be a key part of the government's new financial stability plan. But commentator Robert Reich wonders just how much the public will really know.

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  • Feb 12, 2009

    What the banks may be hiding

    by Ashley Milne-Tyte

    Treasury Secretary Timothy Geithner promised more transparency when he announced the government's new bailout package. But do investors really want to know what the banks are hiding? Ashley Milne-Tyte reports.

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  • Feb 12, 2009

    No quick fix for housing market

    by Dan Grech

    The mortgage meltdown triggered the current crisis we're in, so why not aim more of the stimulus at troubled homeowners? Fixing the housing market isn't going to be that easy. Dan Grech reports.

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  • Feb 12, 2009

    Lawmakers grill bank CEOs over TARP

    by Nancy Marshall-Genzer

    Eight CEOs of the largest banks receiving TARP funds were grilled by the House Financial Services Committee. Where were the former CEOs who got us into this mess? Nancy Marshall Genzer reports.

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  • A Commerce Department report shows that the U.S. trade deficit shrank 4% in December, falling to its lowest level in almost six years. That's good news, or is it? Steve Henn reports.

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  • When I watch one of CNBC's roundtable chatfests or when I read the avalanche of economists' opinions on the web, sometimes I just want to cover my…

  • Feb 12, 2009

    Should we buy an apartment building

    by Chris Farrell

    Question: My husband and I are ready to buy a home but given the uncertainty of these times and of even our seemingly secure jobs, we're thinking…

  • Feb 11, 2009

    Bailouts are not addictive?

    by Scott Jagow

    As I watched the bank CEOs testify before Congress this morning, what came to mind was the "seven dwarfs" hearing on cigarettes in 1994. The…

  • Feb 11, 2009

    House puts heat on bank CEOs

    by Marketplace Staff

    The House Financial Services Committee will grill eight bank CEOs today on the cash infusion they received last fall. Steve Chiotakis talks to Representative Jeb Hensarling, who sits on the committee, and finds out what he'll be asking.

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  • Feb 11, 2009

    There’s more to jobs than cash, right?

    by Marketplace Staff

    As bank executives account for lavish bonus packages in tough times, we wondered if money is all that drives the American worker nowadays. Bill Radke poses the question to LA Times columnist David Lazarus.

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  • Feb 11, 2009

    U.S. bank execs account for spending

    by Jeremy Hobson

    Bank leaders will testify today in front of the House Financial Services Committee on their use of bailout funds. The industry is being criticized for hoarding taxpayer money instead of increasing lending. Jeremy Hobson reports.

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  • Feb 11, 2009

    Write-downs explained

    by Scott Jagow

    Marketplace's Senior Editor Paddy Hirsch reminds me of a geometry teacher I had in high school. He just knew how to explain things in a way that…

  • The town of Blakely, Ga. once thrived as a mecca for the peanut industry. But with the closing of the local peanut processing plant due to a salmonella outbreak comes a questionable future. Dan Grech reports.

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  • Google is developing a free Web service to help you track your home energy use in real time. Aside from helping consumers save on their electricity bill, Google could use the information to make money. Sam Eaton explains how.

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  • Feb 11, 2009

    The cost of stimulus

    by Scott Jagow

    Two well-respected economists have a column in the Wall Street Journal on the stimulus package. Gary Becker and Kevin Murphy say Congress should…

  • Hedge funds had a rough ride in 2008, but things could be turning around. The hedge fund industry has made a profit for two months in a row now. Stephen Beard reports why this is a good sign for the global economy.

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  • Feb 11, 2009

    Sirius problems abound

    by Scott Jagow

    Things do not look good for satellite radio company, Sirius XM. The New York Times reports that Sirius XM is considering bankruptcy. The company…

  • Feb 11, 2009

    Overseas markets catch U.S. cold

    by Jeremy Hobson

    Markets in Asia and Europe are trading lower this morning on a U.S. "sneeze." Jeremy Hobson explores the Geithner effect on overseas markets and why some of the markets are relying on U.S. success.

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  • Feb 11, 2009

    Knack for saving may be in the genes

    by Janet Babin

    A new study out today links our genetic make-up to the amount of risk we're willing to take with our savings. Those more prone to risk-taking ventures: study participants whose ancestors moved around. Janet Babin reports.

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  • Feb 11, 2009

    Stimulus more psychology than theory

    by Marketplace Staff

    The Senate finally approved a new version of the stimulus package, but debate continues about whether it's even a good idea. Commentator Will Wilkinson says the deal may only be useful for psychological effect, if at all.

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  • Marketplace Morning Report for Wednesday, February 11, 2009

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  • Marketplace for Wednesday, Feb. 11, 2009

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  • Feb 11, 2009

    Write-downs

    by Paddy Hirsch
    Whiteboard Wriite-downs
    Marketplace

    As markets have deteriorated, "write-downs" have figured prominently in more and more corporate reports. What are write-downs all about? Marketplace Senior Editor Paddy Hirsch explains.

  • Feb 11, 2009

    Kraft Foods corporate profile

    by Marketplace Staff

    CONVERSATIONS FROM THE CORNER OFFICE: Kraft Foods Inc. Chairman and CEO Irene Rosenfeld.

  • Feb 11, 2009

    Irene Rosenfeld bio

    by Marketplace Staff

    CONVERSATIONS FROM THE CORNER OFFICE: Kraft Foods Inc. Chairman and CEO Irene Rosenfeld.

  • Feb 11, 2009

    Irene Rosenfeld: Interview transcript

    by Kai Ryssdal

    CONVERSATIONS FROM THE CORNER OFFICE: Kraft Foods Inc. Chairman and CEO Irene Rosenfeld.

  • Feb 11, 2009

    Stop making 401(k) contributions?

    by Chris Farrell

    Question: Hi Chris – I'm 38 and there's a better than average chance that I won't make the next cut when my company has another layoff. I've always…

  • The government's plan to stabilize the financial system may cost more than a trillion dollars in new spending. But there's less than $350 billion left in the original bailout. As Steve Henn reports, private investors and the Federal Reserve may be footing the bill.

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  • Feb 11, 2009

    Global cooperation is way to recovery

    by Marketplace Staff

    U.S. Treasury Secretary Timothy Geithner recently criticized China for currency manipulation. But with many of the world's advanced economies in financial crises, commentator Helen Popper says now is the time to cooperate with them to boost our own.

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  • Feb 11, 2009

    Chinese investors cash in on crisis

    by Scott Tong

    The global financial crisis is creating buying opportunities for investors with cash. Chinese investors showed they have deep pockets this week in two mega-deals. Scott Tong reports.

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  • Feb 11, 2009

    Money for Gaza repairs in short supply

    by Marketplace Staff

    There's a lot to be rebuilt in the Gaza Strip after the Israeli military operation — roads, sewers and homes were all destroyed. But the money to pay for those repairs is in short supply in Gaza. Daniel Estrin reports.

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  • Feb 11, 2009

    Under scrutiny, banks get serious

    by Amy Scott

    With all the scrutiny banks are getting these days, the industry is being extra cautious. Goldman Sachs is moving its annual investor conference from Las Vegas to San Francisco, the latest sign of a new, more serious era on Wall Street. Amy Scott reports.

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  • Feb 11, 2009

    Web site to track TARP spending

    by Nancy Marshall-Genzer

    To protect taxpayers, Treasury Secretary Timothy Geithner promised more accountability and transparency. So a new Web site will be launched to track TARP spending. But will it work? Nancy Marshall Genzer reports.

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  • Feb 11, 2009

    Banks seeking aid to get stress test

    by John Dimsdale

    The Treasury Department announced that banks with more than $100 billion in assets will be required to undergo a comprehensive stress test to check their viability before receiving more aid. But can a test really tell us how healthy these banks are? John Dimsdale reports.

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  • Feb 11, 2009

    Let’s haggle!

    by Scott Jagow

    We have this wonderful operation connected to Marketplace called the Public Insight Network. It's the place where listeners and people in the web…

  • Feb 10, 2009

    Hot lead, cold feet

    by Scott Jagow

    One of the most hot-button stories we've seen lately is government regulations on lead in children's products. Today, new limits on lead and…

  • Feb 10, 2009

    Not a good sign

    by Scott Jagow

    The Treasury's bank bailout plan part Deux is out, and Wall Street isn't impressed. The Dow fell 250-300 points after Treasury Secretary Tim…

  • Congress looks at a renewable energy proposal today that would require utilities to tap more into alternative sources like wind and solar. Sam Eaton reports why creating a single national policy could be tough.

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  • Feb 10, 2009

    Job losses in perspective

    by Chris Farrell

    This is why we need fiscal stimulus….