Jun 6, 2012

Marketplace Morning Report for Wednesday, June 6, 2012

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Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity"…

Segments From this episode

Obama to visit upper-middle-class black L.A.

Jun 6, 2012
Neighbors say they are more economically vulnerable than white counterparts.

Former union leader Andy Stern reacts to Walker victory

Jun 6, 2012
Scott Walker's victory yesterday dealt a blow to organized labor in Wisconsin and may have broader implications nationwide. Andy Stern, former head of the Service Employees International Union, gives us his reaction.

Euro crisis tests role of ECB

Jun 6, 2012
There was no cut in interest rates from the European Central Bank today, but some would like the ECB to take action soon.

Should central banks be doing more?

Jun 6, 2012
There's been more and more talk of the world economy slowing down. Still, the European Central Bank isn't changing its interest rate, and the Federal Reserve hasn't budged yet.

Senators get briefing on Dodd-Frank progress

Jun 6, 2012
Implementation of the financial industry overhaul is still a work in progress. More than half of the 400 new rules have missed their deadlines.

Wordplay: Defining 'austerity,' 'sequester' and 'equity'

Jun 6, 2012
Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean? Senior producer Paddy Hirsch explains their actual definitions.
Words like "austerity," "sequestration" and "equity" are commonly used in news stories everywhere these days, but do you know what they mean?
JOHN MACDOUGALL/AFP/Getty Images

NASDAQ considers compensation for Facebook glitch

Jun 6, 2012
Published reports today suggest NASDAQ is working on a plan to compensate brokerages that lost perhaps $100 million when software fouled up the start of trading in Facebook's IPO last month.

Rising use makes food stamps a target

Jun 6, 2012
The recession has boosted the number of Americans on food stamps to 44 million.

PODCAST: Bad tenants and advice to live longer

Jun 6, 2012
Organized labor reacts to Governor Scott Walker's victory in Wisconsin's recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like "austerity," "sequestration" and "equity"…

Big labor reels after Scott Walker victory

Jun 6, 2012
Republican Scott Walker won the recall election in Wisconsin yesterday which may have implications for organized labor in other states.

Foreclosures are latest TV fodder

Spike TV is introducing a new show this summer, "World's Worst Tenants," which will act out crazy-but-true stories of foreclosures and evictions.

In Wisconsin, union leaders hold out hope for November

Jun 6, 2012
Despite Gov. Scott Walker's victory in the Wisconsin recall elections yesterday, union leaders are optimistic about their cause for the general elections in November.

Germany feels pressure of euro crisis

Jun 6, 2012
The credit rating agency Moody's downgraded seven German banks today, noting their exposure to Europe's debt problems and slower economic growth.

Organized labor reacts to Governor Scott Walker’s victory in Wisconsin’s recall elections yesterday. Federal bank regulators head to Capitol Hill this morning to update Senators on the progress of the Dodd-Frank financial industry reforms. Words like “austerity,” “sequestration” and “equity” are commonly used in news stories everywhere these days, but do you know what they mean? The recession has boosted the number of Americans on food stamps to 44 million — nearly double pre-recession levels.

The team

Stephen Ryan Producer, BBC