May 13, 2010

Marketplace Morning Report for Thursday, May 13, 2010

Segments From this episode

Spain makes deep cuts to avoid debt

by Stephen Beard

May 13, 2010

Spain has ordered a 5 percent cut in public sector pay this year, with a pay freeze to follow next year. The move is an effort to avoid similar debt and protest problems to those suffered by Greece.

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Obama tours Buffalo for talks with workers

by Marketplace Staff

May 13, 2010

President Obama tours Buffalo, N.Y. today to tour a small manufacturing plant and talk to workers about the economy. The city wants to bring back lost manufacturing jobs. Mark Scott reports.

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Ford's European style keeps it going

by Jill Barshay

May 13, 2010

Ford has managed to have four straight profitable quarters and a rising stock price without any government help. The secret: Americans' love for trendy, European-style cars. Jill Barshay reports.

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Goldman Sachs

New York attorney general leads investigation into Wall Street banks

by John Dimsdale

May 13, 2010

New York Attorney General Andrew Cuomo is investigating whether eight Wall Street banks misled rating agencies, the latest of a string of federal inquiries into the practices of leading financial institutions.

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BBC World Service

U.K. making 500-euro note scarce

by Rebecca Singer

May 13, 2010

The 500-euro note is a favorite for criminals in Europe, as it makes it easier to transport dirty money. So the U.K. is taking the note out of circulation.

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Bank lending to small business drops despite TARP

by Steve Chiotakis

May 13, 2010

The latest TARP report says Wall Street banks have cut back on lending to small businesses by 9% since the program began. The bailout was meant to help open up lending. Steve Chiotakis talks to Elizabeth Warren, chair of the Congressional Oversight Panel.

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Shelf Life

When in recession, fad diets reign

by Stacey Vanek Smith

May 13, 2010

During the economic hardships in the 30s, exotic diets became all the rage. Diet book author Susan Yager says the same is true today. She explores the phenomenon and our obsession with losing weight with Stacey Vanek-Smith.