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Oct 20, 2010

Marketplace Morning Report for Wednesday, October 20, 2010

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Segments From This Episode

Gov’t probes foreclosure problems
by Mitchell Hartman
A new government report looks into problems with foreclosures across the banking system. Reporter Mitchell Hartman talks with Jeremy Hobson about where we stand with the foreclosure problems.
Employers checking new hire’s credit
by John Dimsdale
The rough economy is hurting lots of people's credit histories. And worse, a black mark on a credit report can keep them from being hired. In Washington, the Equal Employment Opportunity Commission considers the fallout from the growing use of pre-employment credit screening. John Dimsdale reports.
NFL takes action against dangerous hits
by Jeff Tyler
The NFL plans to send a memo to teams about changes in disciplinary action. This comes after the NFL fined three players for dangerous hits in last Sunday's games. The fines range from $50- to $75,000. The league is getting tougher about tackles, particularly involving the head. Jeff Tyler reports.
China’s central bank raises interest rates
by Marketplace Staff
China's central bank raised interest rates for the first time in nearly three years. Neil MacKinnon, a senior currency strategist at VTB Capital, talks with Jeremy Hobson about why China made the move and whether this will cool off a currency war.
Why China raised its interest rates
by Rob Schmitz
China's central bank raised interest rates for the first time in nearly three years. The official explanation was combating inflation and to "soak up excessive market liquidity." That's just another way to say, "We need to slow this economy down." Rob Schmitz reports.
India plugs in to low-cost solar
by Raymond Thibodeaux
In recent years, India has made headlines by making manufactured items smaller and cheaper. There's the $2,500 car and the $35 computer. The country is also home to a novel approach to low-cost solar power. Raymond Thibodeaux reports.
Britain prepares for deep cuts in public spending
Britain is preparing to make budget cuts worth more than $130 billion to public spending. Stephen Beard reports from London.
Britain high courts rule in favor of pre-nup
by Rebecca Singer
Prenuptial agreements may be common in the U.S. and most European countries. But in the U.K., the law has practically ignored them up — until today. Britain's Supreme Court has validated the pre-nup for the first time.
FBI investigating whether banks broke criminal laws
by Marketplace Staff
The FBI is looking into whether criminal laws were broken by banks that may not have complied with documentation requirements when ownership of mortgages was transferred.