Marketplace Morning Report for Wednesday, October 27, 2010

Episode Description 
Marketplace Morning Report for Wednesday, October 27, 2010

How states are charging more taxes on your cell phone

It's not cheap to have a cell phone these days, but many have gotten their phones discounted with their service plans. But it might not turn out to be as great of a deal as you think. Jeremy Hobson talks to the L.A. Times' David Lazarus about the extra tax some states are trying to charge.
Posted In: Taxes

Retail gets into the Halloween spirit

Retailers big and small are hoping to cash in on the Halloween spirit this season. Eve Troeh reports on why the spooky festivities make for a recession-friendly holiday.
Posted In: Retail

The fastest growing job field

In our latest story in our series about jobs in the future, Adriene Hill reports on biomedical engineering, and how it marks the intersection of the needs of baby boomers and technological advances.
Posted In: Jobs

No more upfront fees for debt settlement services

People who have turned to debt settlement services to deal with money problems have usually had to pay an upfront fee. Starting today, however, those fees can't be enforced. David Gura reports on the pros and cons of the new rule.

French parliament votes retirement to 62

The French parliament voted to raise the minimum retirement age from 60 to 62, despite civilian protests across the countries.

The Fed may opt for cheaper stimuluses

The Wall Street Journal says the Fed may actually pump less new money into the economy than previously thought. If that ends up being true, what's the reason for it? Richard Dekaser reports.

MySpace admits defeat to Facebook

The social networking site MySpace says it's done competing with Facebook. Instead, MySpace will refocus towards entertainment, and away from connecting with friends. Nancy Marshall Genzer reports.

British Airways criticizes U.S. security demands

The head of British Airways criticizes completely unnecessary airport security checks. The airline chief says the U.K. should stop kowtowing to U.S. security demands. Stephen Beard reports.

GlaxoSmithKline pays $750 million for defective medication

British drug maker GlaxoSmithKline has agreed to pay a $750 million fine for manufacturing defective medication, including the antidepressant Paxil. Nancy Marshall Genzer explains.
Posted In: Health

Trademarks prevent Chinese contract bids

Europe wants to convince Beijing to allow more foreign companies to bid on Chinese government contracts -- a tough task for Europe, and the U.S. Rob Schmitz reports.

Music from this show

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Discreditable, But Not Discredited
Hurricane Jane (Album Version)
Black Kids
Higher Love (Full Album Version)
Steve Winwood
Hot Hot Heat

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