Marketplace for Thursday, July 9, 2009
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Segments From this episode
Retail chains are reporting dismal monthly sales numbers, despite cutting inventories and discounting prices. So why are most of the major retailers still doing so badly? Mitchell Hartman reports.
Massachusetts has been wooing film productions with tax breaks as a means of bringing money into the state. But its Department of Revenue says the state has lost more than $95 million due to the incentives. Rico Gagliano reports.
With unemployment above 9.5% and companies continuing to shed jobs, debate is increasing over whether another stimulus package would help. Commentator and economist Justin Wolfers says there's no question -- the economy needs a further boost.
Brokers and deal makers used to be the popular kids on Wall Street, but the economic collapse has changed all that. Kai Ryssdal talks with Randy Beatty, dean of the Leventhal School of Accounting at USC, about what is now the sexier financial occupation.
The Midwestern state has the highest rate of unemployment in the nation due mostly to its dependence on the auto industry. But some have found a new way to stay alive by building machinery for green energy. Dustin Dwyer reports.
Rupert Murdoch's U.K. paper "News of the World" is accused of phone tapping and hiring private investigators to find dirt on high-profile people. The allegations say they then paid large sums of money to cover it up. Kai Ryssdal talks with Stephen Beard.