Marketplace for Wednesday, July 22, 2009
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Segments From this episode
Taxpayers and the health care debate
The health-care-reform conversation, so far, has been more about monetary policy than medicine. So what's in it for consumers and taxpayers? The New York Times' David Leonhardt talks with Kai Ryssdal about the economics behind reform.
Much ado about TARP profits
As banks start paying back TARP funds, taxpayers are getting about 12.4% return on their investment. Now lawmakers are trying to decide whether to spend that money to help the housing market or to pay down the national debt. Steve Henn reports.
Caution equals loss for Morgan Stanley
Investment banks Goldman Sachs and JP Morgan each had big profits: $2.7 billion to be exact. But the more cautious Morgan Stanley reported a billion-dollar loss today. Does this mean substantial risk is necessary to gain a profit? Alisa Roth reports.
Arbitration giants shift cases to court
Two of the largest U.S. arbitration companies, which mediate legal conflicts between consumers and credit card companies, will stop accepting debt-collection disputes, thus shifting these cases to court. Jeremy Hobson reports.
Dire straits for Detroit public schools
The Detroit public school system has lost almost half its students and revenue. As the emergency financial manager, Robert Bobb has to make cuts where it hurts the most. He talks with Kai Ryssdal about the situation.
Immigration to U.S. slows to a trickle
Immigration from Mexico has slowed dramatically according to a new report out today from the Pew Hispanic Center. As Mitchell Hartman reports, the economy on both sides of the border is a major factor in the human ebb and flow.
There should be no SBA in TARP
The Treasury Department wants to use $15 billion in TARP money to boost credit markets and buy up loans from the Small Business Administration. Commentator David Frum warns that once the SBA starts getting TARP funds, it won't stop.
Carbon accounting is big business
Many big corporations are already tracking their yearly greenhouse gas emissions, and more are expected to follow once Congress approves a climate change bill. Those who specialize in emissions accounting are likely to see a spike in business. Sarah Gardner reports.
Obama steps up push for health reform
At a White House press conference, President Obama asserts that a new health care policy is needed to bring the nation's larger economic problems under control. Marketplace's Tamara Keith reviews the president's talking points with Kai Ryssdal.