Oct 2, 2008

Marketplace Report for Thursday, October 2, 2008

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Marketplace Report for Thursday, October 2, 2008

Segments From this episode

Bailout isn't enough for housing market

Oct 2, 2008
Commentator Chris Mayer says the Senate bailout bill won't directly help the housing market or foreclosures. His advice: Bring down mortgage rates. And, he adds, the government has to step in.

Congressman: Bill prevents calamity

Oct 2, 2008
Republican Congressman John Campbell voted yes for the $700 billion rescue plan the first time around and tells Kai Ryssdal that he intends to do so again when it comes back to the House floor.

Inflation haunts Europe too

Oct 2, 2008
Inflation is running about 3 percent across the euro zone, well above the European Central Bank target of 2 percent, says European Bureau Chief Stephen Beard. He tells Kai Ryssdal that the level of fear is rising, as well.

A grim prediction for unemployment

Oct 2, 2008
The credit crisis is spreading like a bad flu. It's affecting construction, automakers and retail outlets. And, as reporter Steve Henn learns, more layoffs are on the way.

$300 million for homeowners in trouble

Oct 2, 2008
Hope for Housing, is a new $300 million program to help homeowners facing foreclosure get new loans. It was part of the Fannie Mae-Freddie Mack deal. Stacey Vanek-Smith talks to some who want to see more.
Logo for the Hope for Housing program
hopeforhousing.org

Jersey City and the Wall Street blues

Oct 2, 2008
Many Wall Street banks and financial services moved parts of their operations across the Hudson River, earning Jersey City the name "Wall Street West." Sally Herships learns that might not be such a good thing now.

Even sports takes a hit from the crisis

Oct 2, 2008
The economic downturn has spread to almost every industry, and sports is no exception. Host Kai Ryssdal gets details from business of sports expert Diana Nyad about the affect on sponsorships, TV ratings and more.

Music from the episode

Soul Dressing - Single Version Booker T. & the M.G.'s
Soul Dressing - Single Version Booker T. & the M.G.'s
Soul Dressing - Single Version Booker T. & the M.G.'s