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Feb 9, 2012

Marketplace for Thursday, February 9, 2012

After a year in the making, the government finally reaches a foreclosure settlement with five major banks. The Greeks, too, have reportedly settled on making austerity cuts that would also allow them to get a bailout package. The Chinese market for art is spinning out of control. Youngsters are running away from the TV sets. And Kai Ryssdal talks to Walter Mosley, author of “All I Did Was Shoot My Man,” about race and class in the age of global capitalism.

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Segments From This Episode

States, banks reach $25 billion mortgage settlement
by Stacey Vanek Smith
Spencer Platt/Getty Images
State and federal authorities unveil a $25 billion deal with big banks to address foreclosure abuses and to aid underwater homeowners.
How do Americans feel about the banks?
by Frank Newport
Americans' feelings on the foreclosure deal, banks and whether they should worry about the European debt crisis. Gallup's Frank Newport offers up the latest data.
In Greece, politicians agree on austerity deal
Greek lawmakers have agreed on an austerity package that features spending cuts and reforms. But implementing it won't be easy.
Walter Mosley touches on economic injustice, race in ‘Shoot My Man’
by Kai Ryssdal
Walter Mosley's new book, "All I Did Was Shoot My Man," is more than a mystery novel. Both Mosley and his recurring protagonist, Leonid McGill, take on issues of economic injustice, inequality and the inevitable world of capitalism we live in.
Bubble fears as Chinese buyers bid up art prices
by Rob Schmitz
Rich Chinese buyers are bidding up global art prices. But as some buy for investment rather than artistic merit, there are fears of a bubble.
Younger viewers watch less TV on TV
by Amy Scott
TV may still be the most popular pastime in America. But new media is making inroads with younger viewers, who tune in on laptops, phones and tablets.
Cleaning up the mortgage mess
by Marketplace Contributor
Today's $26 billion settlement between the government and five of the nation's biggest banks could free up the billions in mortgage securities they possess. But the settlement will also change many of the ways banks deal with foreclosures.
Protests against Apple in N.Y.C. call for ‘ethical iPhone’
by Kai Ryssdal
There's been a lot in the press lately about working conditions in Apple factories in China. Apparently, we're worried about it — but only a little bit.

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Marketplace for Thursday, February 9, 2012

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Segments From This Episode

States, banks reach $25 billion mortgage settlement

How do Americans feel about the banks?

In Greece, politicians agree on austerity deal

Walter Mosley touches on economic injustice, race in ‘Shoot My Man’

Bubble fears as Chinese buyers bid up art prices

Younger viewers watch less TV on TV

Cleaning up the mortgage mess

Protests against Apple in N.Y.C. call for ‘ethical iPhone’

Music from the episode