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Feb 16, 2009

Marketplace Morning Report for Monday, February 16, 2009

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Marketplace Morning Report for Monday, February 16, 2009

Segments From this episode

Unemployment center works on holiday

Feb 16, 2009
The unemployment call center in Nevada is staying open today to avoid a serious backlog. The state is a hot spot for unemployment and the center has been receiving around 100,000 calls per week. Danielle Karson reports.

Labor cheaper in U.S. than overseas

Feb 16, 2009
The economic downturn is making American workers more cost-competitive with cheap overseas labor, as keeping it local cuts the overhead expenses of outsourcing. But low U.S. labor costs won't be here forever. Bob Moon reports.

Where Wall Street meets baseball

Feb 16, 2009
When the economy throws us a curve ball, some people begin to use baseball language to describe the markets. Steve Chiotakis talks to Fortune Magazine's Allan Sloan about whether, like A-Rod, we really need Wall Street.

Reflecting on the Beckham effect

Feb 16, 2009
At one point, soccer superstar David Beckham was the U.S.'s hottest import. But did his stint playing for the LA Galaxy ultimately help U.S. soccer? Steve Chiotakis talks to business of sports commentator Diana Nyad.

U.K. group predicts gloom for economy

Feb 16, 2009
A British lobbying group is making dire predictions about the U.K. economy, including that next year unemployment could hit 10 percent. The group also warns of severe loan debt for the British government. Stephen Beard reports.

Deadline nearing for GM, Chrysler

Feb 16, 2009
GM and Chrysler have until tomorrow to submit their viability and loan payback plans to the federal government. The companies are expected to cut costs, cut jobs and cut down on union benefits. Jennifer Collins reports.

Croon away your financial troubles

Feb 16, 2009
Musician and writer Andy Sacks got together with some of his jazz-loving friends for a "recession session," and wrote a song to reflect on the times.

The team

Stephen Ryan Producer, BBC