Dec 22, 2009
Marketplace for Tuesday, December 22, 2009
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Segments From this episode
President Obama has told the heads of some of the nation's smaller banks that he wants the same thing from them that he wants from large banks -- more lending. The smaller banks claim that's easier said than done. Jeremy Hobson reports.
The White House has announced that Howard Schmidt, formerly of Microsoft and eBay, will be its new cybersecurity coordinator -- more than six months after President Obama said he was creating the position. Why so long to name Schmidt? John Dimsdale reports.
A World Trade Organization ruling intended to open the Chinese market to foreign films, music and books is being hailed as a major victory for America's cultural exports. But how the Chinese will respond is still not clear. Nancy Marshall Genzer reports.
Commentator Susan Lee says the indirect costs of government subsidies that encourage people to buy homes hugely outweigh the benefits. That's why she sees the fifth-straight year of declining home ownership a good thing.
There's a growing backlash, both here and abroad, against banks that got government bailouts and are now making big money again. The U.K. and France are imposing steep one-time taxes on big bonuses. Marketplace's Amy Scott checked out the mood in Germany's financial capital.