Dec 16, 2008

Marketplace for December 16, 2008

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Segments From this episode

Fed drops rate to record low

by Bob Moon

Dec 16, 2008

In a bold move to revive the economy, the Federal Reserve dropped the federal funds rate to 0.25%. Tess Vigeland talks with Bob Moon about the impact of the rate cut.

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Employees take hit as pay raises dip

by Mitchell Hartman

Dec 16, 2008

A new survey says companies are scaling back on pay raises. Employee benefits may also take a hit in the near future as out-of-pocket expenses like co-pays are expected to rise. Mitchell Hartman reports.

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Fallout: The Financial Crisis

Layoffs quiet construction business

by Tess Vigeland

Dec 16, 2008

In the face of a worsening economy, a small construction company in Oregon has laid off nearly all of its employees. Tess Vigeland speaks with Keith Knowles from Robert Knowles Construction about where his business goes from here.

A barn being built by Robert Knowles Construction

Robert Knowles Construction website

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Sign of success: Slovakia to adopt euro

by Stephen Beard

Dec 16, 2008

Slovakia has rebuilt itself since the end of communism, succeeding where many thought it would fail. In three weeks it will become a member of the eurozone. Stephen Beard reports.

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Country club circuit key to Madoff's rise

by Amy Scott

Dec 16, 2008

Bernard Madoff built the foundation for his Ponzi scheme by word of mouth at charity balls and country clubs from New York to Florida. And he's not the only one. Amy Scott reports.

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Fallout: The Financial Crisis

Madoff scam is part of "the bezzle"

by Tess Vigeland

Dec 16, 2008

With the dust settling from the Madoff scandal, Harvard professor Richard Parker tells Tess Vigeland that more scams may yet be uncovered during this downturn. It's part of what economist John Kenneth Galbraith called "the bezzle."

Courtesy of The Harvard Citizen website

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A green gift in carbon offsets

by Marketplace Staff

Dec 16, 2008

Giving away carbon offsets for the holidays isn't exactly glamorous, but it does help the environment. Joellen Easton reports on how the market for offsetting greenhouse gas emissions is doing this holiday season.

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Music from the episode

Look A Ghost In The Eye Mary Timony

Dashboard Modest Mouse

Kindling Architecture In Helsinki

You Better Ask Yourself Femi Kuti

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