Marketplace Morning Report for Monday, May 9, 2011

Segments From This Episode

• White House floats driving tax

  by Eve Troeh

  The per-gallon gas tax is not enough to pay for road repairs. The Obama administration is exploring a new funding scheme.

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• Cocoa production is up

  by Jennifer Collins

  But demand remains around the same. And the high price of other ingredients in chocolate means chocolate lovers will still need to pay.

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• Small French town attracts apocalypse-watchers

  by Christopher Werth

  New age belief groups are flocking to Bugarach, France, convinced the small town will be an important site if the apocalypse arrives in 2012. The town, on the other hand, isn't welcoming the attention.

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• U.S. home values fall 3%

  by David Gura

  According to a report out today from the real estate website Zillow.com, the housing market may not just be struggling, it may be heading for a double dip.

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• EU considers lower interest rates for Greece

  Greece is asking the EU and the IMF to slash the interest rate it pays on its 160 billion dollar bailout.

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• Globalist Quiz: India’s growing population

  by Stephan Richter

  Stephan Richter from the Globalist.com quizzes host Steve Chiotakis on the growing global population — especially in India, where the population is expected to rise by 313 million people by 2035.

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• Samoa switches to ‘the future,’ jumps to other side of International Date Line

  by Phil Mercer

  Samoa is hoping to move its economy into the future — by a full 24 hours. The time change would put Samoa on the same schedule as major trading partners like New Zealand and Australia.

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• Housing numbers continue to slide

  by Marketplace Staff

  Julia Coronado, chief economist with the investment bank BNP Paribas, looks at today's housing news from Zillow.com and the state of the housing market.

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• Chinese officials to discuss yuan’s appreciation rate

  by Rob Schmitz

  Critics say China has manipulated the yuan to sell more products on the global market. But what exactly does that mean?

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• When will housing climb out of the recession?

  by Marketplace Staff

  A report from Zillow.com shows that the nation's housing market continues its downward trend. Stan Humphries, chief economist with Zillow.com, takes a look at today's housing news and explains what it means for the future of U.S. real estate.

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