Dec 24, 2008

Marketplace Morning Report for Wednesday, December 24, 2008

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Marketplace Morning Report for Wednesday, December 24, 2008

Segments From this episode

Still reluctant to change after fallout

Dec 24, 2008
Wall Street and Detroit are undergoing a lot of changes as a result of the economic downturn. But commentator Robert Reich says they might not want that, as some see the industries' problems as cyclical, not structural.

Cocoa market on fire in U.K.

Dec 24, 2008
The price of cocoa has been steadily rising in London as other commodities fall. Supply and demand are one reason, as is the need for that mug of hot cocoa or chocolate bar. Scott Jagow talks to Stephen Beard in…

A bill for bailout accountability

Dec 24, 2008
Senators Dianne Feinstein and Olympia Snowe are introducing legislation that would require bailout recipients to give quarterly reports to the Treasury Department of how they're spending the money. Nancy Marshall Genzer reports.

IndyMac not alone in book-cooking

Dec 24, 2008
Federal regulators helped struggling bank IndyMac cook its books back in May in order to keep it running in hard times. Steve Henn reports other banks may have engaged in a similar accounting game.

It's still Christmas in Cologne

Dec 24, 2008
The annual Christmas market at the Cologne cathedral in Germany draws tourists from around the world. And despite the economic downturn, many are still willing to splurge on the market's homemade goods. Emily Schwing reports.

Sorry OPEC, oil's dropping

Dec 24, 2008
OPEC has vowed to make further cuts in production to help raise the price of oil. But Bob Moon reports the cartel can only really influence supply, and there's nothing they can do about crude's falling price.

NYC subway could raise its fare

Dec 24, 2008
Millions of New York City residents rely on the subway to get around. But as it continues to lose money, the MTA may soon have to hike it's $2 ride fare up to $3. Jeremy Hobson gets commuters' reactions.

More people are applying for mortgages

Dec 24, 2008
Applications for mortgages are at a five-year high, thanks to the recent interest rate cuts. But mortgage applications don't necessarily mean mortgage loans. Nancy Marshall Genzer explores the connection.

The team

Stephen Ryan Producer, BBC