Marketplace Morning Report for Tuesday, October 27, 2009

Segments From This Episode

• Continental moves closer to United

  by Ashley Milne-Tyte

  Continental is leaving the SkyTeam partnership and joining Star Alliance, which is headed by United Airlines. Ashley Milne-Tyte reports on what that means for the airlines.

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• McDonald’s grows cold on Iceland costs

  McDonald's is closing three restaurants on Iceland because of soaring costs. Stephen Beard reports.

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• Cattle ranchers hurt by low beef sales

  by Ethan Lindsey

  

  Americans have been cutting back on steaks and hamburgers, which means cattle ranchers get less money for their cows. Ethan Lindsey reports.

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• IRS steps up scrutiny of the very rich

  by Ashley Milne-Tyte

  Reporter Ashley Milne-Tyte talks with Stacey Vanek-Smith about plans the IRS has to launch a new enforcement unit targeting the wealthy.

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• Junk yards overloaded with clunkers

  by Mitchell Hartman

  The clunkers that were traded in over the summer in exchange for a government rebate are clogging up junk yards. Mitchell Hartman reports.

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• Workers over 40 struggle in job market

  by Marketplace Staff

  A growing proportion of the unemployed in the U.S. is 40 and older. "Frontline" producer Arun Rath reports from a hair salon in New York, where clients talk about finding work when you're over 40.

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• Electric grid to get a stimulus boost

  by Marketplace Staff

  Greenpeace senior adviser Harvey Wasserman talks with Bill Radke about the Obama administration's stimulus grant that will go toward updating what the White House calls the smart electric grid.

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• U.S. hopes Reapers combat piracy

  The U.S. has stepped up its campaign against piracy in the Indian Ocean by deploying surveillance drones called Reapers off the Somalian coast. Stephen Beard reports.

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• A look at home and oil prices

  by Marketplace Staff

  Juli Niemann, analyst at Smith, Moore and Company, talks with Bill Radke about the rise in U.S. home prices, and why the price of oil isn't even cheaper with demand down.

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