Nov 19, 2008

Marketplace Morning Report for Wednesday, November 19, 2008

Segments From this episode

America does not need more czars

by Marketplace Staff

Nov 19, 2008

President-elect Obama is considering several "czar" positions for his cabinet to head up everything from technology to cars. But commentator Will Wilkinson says the only thing czars are good at is looking busy.

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Fallout: The Financial Crisis

Big Three failure would raise job losses

by Janet Babin

Nov 19, 2008

Detroit's car makers will try again to get help from the U.S. financial bailout today. The Big Three claim it would be more beneficial to the U.S. to be bailed out, and Janet Babin explains one bank report backs them up.

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FDA's global efforts start in China

by Scott Tong

Nov 19, 2008

The Food and Drug Administration opened up its first overseas office today in China in an attempt to get closer to where issues could start. Scott Jagow talks to Scott Tong in Shanghai about other FDA offices to follow.

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Corporations team up on climate fight

by Sarah Gardner

Nov 19, 2008

Corporate leaders are banding together to push Congress for more aggressive green mandates, from renewable energy to a stricter cap and trade system. Sarah Gardner reports what else the new coalition, BICEP, is pushing.

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Fallout: The Financial Crisis

Mortgage powers to bankruptcy judges

by John Dimsdale

Nov 19, 2008

Today, the Senate will consider allowing bankruptcy judges to modify terms of mortgages for homeowners in trouble. John Dimsdale explores how this could potentially make many mortgages out of reach for the middle class.

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Automakers' troubles hit hard in Mexico

by Dan Grech

Nov 19, 2008

The town of Saltillo, Mexico was nicknamed "Little Detroit" for its bustling car manufacturing industry. But declining auto sales have taken their toll on the town's related businesses. Dan Grech reports.

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Ships in costly fight with pirates

by Stephen Beard

Nov 19, 2008

Pirate have been hijacking ships crossing the Gulf of Aden, a stretch of water between Yemen and Somalia. Stephen Beard reports the costs of the lotting and how ships might be able to avoid future trouble.

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Early lessons for Dems in fundraising

by Nancy Marshall-Genzer

Nov 19, 2008

Congressman John Dingell, chair of the House Energy and Commerce Committee is holding a fundraiser today for freshman Democrats. Nancy Marshall Genzer looks into the money message this sends to newcomers early on.

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The best states for starting a business

by Mitchell Hartman

Nov 19, 2008

A new report ranks states by the climate for new economic growth. Mitchell Hartman reports why Massachusetts, Washington and Maryland, among others, provide a supportive environment for start-ups.

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Big Three bailout may not help sales

by Janet Babin

Nov 19, 2008

Even if the Big Three were to be bailed out, it doesn't mean that customers will come running. Janet Babin reports the issues surrounding auto companies with questionable futures and how the government could help.