Thursday, October 15, 2009
In this show. . .
Smaller banks holding up amid crisis
Goldman Sachs, Citigroup and JPMorgan-Chase have gotten a lot of attention for their better-than-expected quarterly earnings. But what about the 8,000 other banks in the U.S. that have to be working right for the economy to get better? Jeff Tyler reports.
Panel passes new rules on derivatives
The House Financial Services Committee has passed new regulations for derivatives, those complex insurance policies reponsible, in part, for the collapses at Lehman Brothers and AIG. John Dimsdale reports.
What keeps pushing the Dow higher?
With unemployment still rising and consumers still wondering if it's safe to spend again, what keeps pushing the Dow Jones Industrial Average higher -- to over 10,000 points again today? Our Senior Business Correspondent Bob Moon reports.
Foreclosure wave isn't going away soon
In the last three months banks have foreclosed on nearly a million homes -- up almost 25% over last year. And such actions are spreading to more middle-class and upper-income neighborhoods. Curt Nickisch reports.
Is commercial real estate next to fall?
We all know about the crisis in residential real estate. But what about the commercial real estate market? Is it going to collapse as some experts and pundits are predicting? Jeremy Hobson reports.
A look beneath the WASPish veneer
Tad Friend, who wrote a New Yorker column about how his WASP parents lived without the money and prestige they'd once known, has written a book on the history of his family. It's called "Cheerful Money." He discusses it with Kai Ryssdal.
Halloween retailers scaring up business
Americans are expected to spend 15% less on Halloween than last year. But retailers aren't running away from that spooky news. Cash Peters checked out their tricks and treats in Las Vegas earlier this year.
Kai Ryssdal's final note . . .
A couple of months ago we did a story on how South Dakota has become the place for credit card companies to set up shop. That's in large part because the state doesn't have any limits on the interest banks and credit card issuers are allowed to charge. Which gets you things like this: A card offered by Premier Bank, based in Sioux Falls, carrying an annual interest rate of 79.9 percent. Perfectly legal.Marketplace datebook for Friday, October 16, 2009
- The Federal Reserve reports on industrial production for September.
- The University of Michigan releases its preliminary October survey of how consumers feel about the economy.
- And young activists from around the nation are in Washington for a conference on securing a better economic future. The agenda covers "The Great Recession and Its Impact on Young People," among other topics.
sponsor
College Confessions
If you made money mistakes during your college career, you're not alone. Hear Marketplace staffers confess to how they handled their finances.
Music From This Show
- Cigarettes Will Kill You Ben Lee
- This Dome is Our Home Adventure Time
- New Fast Aden
- Plenty More Squirrel Nut Zippers
- 3030 Deltron 3030
Your Host
Kai Ryssdal took the reins as host of Marketplace in August 2005 after hosting the Marketplace Morning Report for more than four years. Before joining Marketplace, Kai was … Full bio
sponsor
- Podcast »
Listen to 'After the Bell'
In his weekly podcast, Scott Jagow makes sense of the week in business and the economy. Subscribe now.
- The Whiteboard »
Hostile takeovers
Watch the videoWe all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains. Watch the video.
- Special Reports and Series
Built on Belief »
One year after the fall of Lehman Brothers, Americans' have lost faith in the financial system and learned some hard lessons. Get more.
The Big Shift »
The recession has changed our financial lives. A look at wealth and prosperity in the middle class and how we live now. Get more.
The Borrowers »
How living beyond our means helped bring down the economy. The role of personal debt in the financial crisis, and where we go from here. Get more.
The Next American Dream »
How four pillars of the American Dream are changing. What's in your future?
Taking Stock »
Conversations with individuals who can give us the long view of our economic situation. Get their views.
- Getting Personal »
Q: Income-based student loans
You recently reported on a student loan option that was being offered as part of the government stimulus package, which is based on a person's income.... I was wondering if you could please let me know where to find this information. Thanks. Ethan, Minneapolis, MN Read Chris Farrell's answer »
