Feb 18, 2009

Marketplace Morning Report for Wednesday, February 18, 2009

Segments From this episode

Commentary

Americans make autos, not Big Three

by Marketplace Staff

Feb 18, 2009

Taxpayers are paying billions to protect the Big Three, who make up the American auto industry. But commentator Robert Reich says we should reconsider what that industry really is as the Big Three continue to cut American jobs.

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Fallout: The Financial Crisis

Obama to share mortgage payment plan

by Marketplace Staff

Feb 18, 2009

President Obama is in Phoenix today speaking to homeowners about his plan to help those who are struggling reduce their mortgage payments. But some skeptics worry about what the plan will cost. Rene Gutel reports.

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Fallout: The Financial Crisis

GM, Chrysler offer plan for another loan

by Janet Babin

Feb 18, 2009

GM and Chrysler say they need another $14 billion to stay in business. The companies offered survival plans promising draconian cuts in union contracts and other expenses. Janet Babin explores what else will be involved.

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What a sale means on Greenwich Ave.

by Amy Scott

Feb 18, 2009

Money is getting tighter for the high-end shops on Greenwich Avenue in Greenwich, Conn., which caters heavily to the finance industry. Amy Scott visited a few stores on the Avenue to find out what a markdown meant to them.

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Stanford fraud hurts confidence

by Dan Grech

Feb 18, 2009

The Securities and Exchange Commission has frozen the assets of businessman R. Allen Stanford, who is accused of an $8 billion fraud. Aside from the deep financial wound, investor confidence has also been hit. Dan Grech reports.

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Fallout: The Financial Crisis

Eastern European banks face turmoil

by Stephen Beard

Feb 18, 2009

Western European banks poured more than a trillion dollars into the eastern part of the continent during the recent European boom. But now strapped for cash, they're pulling out. Stephen Beard reports.

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Fallout: The Financial Crisis

A future without Chevy or Dodge?

by Janet Babin

Feb 18, 2009

President Obama's car task force will have to decide whether to honor GM and Chrysler's request for more government bailout money or let the companies fall. Janet Babin explores the automakers' sentimental value.

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Report: FDA not regulating equipment

by Marketplace Staff

Feb 18, 2009

A new report out today says the FDA is not doing enough to guard patients' health when it comes to life-saving medical equipment. A key issue is a lack of oversight in equipment safety. Ronni Radbill reports.