Feb 16, 2009

Marketplace for Monday, Feb. 16, 2009

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Marketplace for Monday, Feb. 16, 2009

Segments From this episode

Golden State tarnished without budget

Feb 16, 2009
California is on the brink of financial disaster. The Golden State is $42 billion in debt and lawmakers still haven't agreed on a budget. If they don't come up with a plan, California might be facing bankruptcy. Stacey Vanek-Smith reports.
Unemployed construction workers demonstrate outside the district office of Assembly Speaker Karen Bass, in Los Angeles, Calif over the failure of the legislature to pass a state budget.
David McNew/Getty Images

Panel to steer weakened auto industry

Feb 16, 2009
As Chrysler and GM prepare their recovery plans, President Obama is setting up a task force to take charge of restructuring the crippled auto industry instead of appointing a "car czar." John Dimsdale reports on the president's plan.

Clinton's Asia trip signals region's clout

Feb 16, 2009
Secretary of State Hillary Clinton has kicked off her first foreign trip to Asia as the nation's top diplomat, a sign of the region's increasing economic power. Scott Tong reports.

Would you like a pay cut or layoff?

Feb 16, 2009
To cope with the recession, many companies are considering layoffs or pay cuts. But is it better for companies to cut pay or let employees go? Jeremy Hobson reports.

Social networking sites help job search

Feb 16, 2009
What's the first thing you do when you lose your job? Blog about it or update your status? More laid-off workers are using social networking sites to make connections -- and get hired. Curt Nickisch reports.

Rethinking what 'long term' means

Feb 16, 2009
If your investment portfolio took a big hit in 2008, you'd be forgiven for wondering if the markets aren't just a big Ponzi scheme. Roger Lowenstein explored that sentiment recently in The New York Times. He talks with Tess Vigeland.

Less product, same price

Feb 16, 2009
Have you noticed there's less peanut butter in your jar? Some packaged goods companies have been reducing the weight of certain products and selling them for the same price. Sean Cole asks: Is it deceptive?

Music from the episode