Dec 21, 2009
Marketplace for Monday, December 21, 2009
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Segments From this episode
The last weekend before Christmas is traditionally the biggest shopping weekend of the year. But with record snowfall piling up on the East Coast, a lot of stores didn't get the crowds they hoped for -- except those on the Web. Jill Barshay reports.
Thousands of travelers going between Britain and France have suffered the third-straight day of chaos and delay as a winter storm shut down the only passenger rail link connecting the two countries. Stephen Beard reports.
Despite the Obama administration's push to keep people in their homes through mortgage modifications and lenders cutting payments for millions of borrowers, a government report suggests the effort may be falling short. Amy Scott reports.
ESPN has launched its fourth local Web site, this time in Los Angeles. And the sports network says it's just getting started. Host Bob Moon talks with the Sports Business Journal's John Ourand about why ESPN is trying to get bigger by going smaller.
Cash reserves at the biggest companies in the country are at their highest levels in 40 years. They aren't spending because they're still nervous about the economy and they can't find anything to invest in. Jeremy Hobson reports.
Commentator K.C. Cole says economic "experts" who say the recession is over must be so blinded by rising stock prices and corporate profits that they don't notice the shuttered stores and unemployed workers all around them.
Section 8, one of the nation's most ambitious public housing programs, helps people pay their rent. However, to get accepted they need a mailing address -- even if they're homeless. Nancy Marshall-Genzer reports.