Sep 13, 2012

Marketplace for Thursday, September 13, 2012

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The Federal Reserve has announced that it will pump $40 billion a month into mortgage bonds for "as long as it takes" to make buying viable again. It also plans to keep short-term interest rates near zero until at least 2015. Frank Newport breaks down the latest Pew numbers. Plus Marketplace's Amy Scott checks in with Oyler School, part of the burgeoning "community schools" movement, and China correspondent Rob Schmitz brings us more stories from China's famous (and infamous) Street of Eternal Happiness.

Segments From this episode

The Street of Eternal Happiness: The CEO Motorcycle Gang

Sep 13, 2012
Every Friday night, a motorcycle gang of Chinese executives and self-made millionaires meets at the Coffee Bean and Tea Leaf on The Street of Eternal Happiness. Here's their story.

FDA warns on anti-aging claims of cosmetics

Sep 13, 2012
Anti-aging creams are a growing share of the cosmetics market, but the FDA warns that if companies claim pharmaceutical benefits from their products, the FDA will review them as drugs.

Federal Reserve announces QE3

Sep 13, 2012
Chairman Ben Bernanke revealed that Federal Reserve is proceeding with a third round of quantitative easing. How will this help the economy?

Is the Federal Reserve above politics?

Sep 13, 2012
Cries of politics haunt past election-year decisions on monetary policy.

Politics affects how you feel about the economy

Sep 13, 2012
Gallup editor-in-chief Frank Newport on how your interpretation of economic news varies depending on your political orientation.

Fed unveils QE3, now for some good analogies

Sep 13, 2012
The Federal Reserve announced its third round of quantitative easing Thursday to help stimulate the economy. You've heard the explainers. You've seen the videos. Now, let's review all the analogies.

Leading the change at Oyler School

Sep 13, 2012
School principal Craig Hockenberry fights poverty with community at a different kind of school in Cincinnati.
Oyler School in Cincinnati, Ohio, at dawn.
Glenn Hartong

The Federal Reserve has announced that it will pump $40 billion a month into mortgage bonds for “as long as it takes” to make buying viable again. It also plans to keep short-term interest rates near zero until at least 2015. Frank Newport breaks down the latest Pew numbers. Plus Marketplace’s Amy Scott checks in with Oyler School, part of the burgeoning “community schools” movement, and China correspondent Rob Schmitz brings us more stories from China’s famous (and infamous) Street of Eternal Happiness.

Music from the episode

Champions Dan The Automator, Rakaa, Aceyalone