Thursday, August 23, 2007
In this show. . .
Hang in there, homeowners
Millions of American homeowners are now trapped in adjustable rate mortgages watching their monthly payments creep ever upward as options for refinancing dwindle away. We ask mortgage consultant Kassie Welch, what now?
China crash would dwarf subprime crisis
When the U.S. subprime mortgage industry sputtered out, it sent world markets into a tailspin. But that's nothing compared to what a crash in China's financial market would do to the global economy, Chris Farrell tells us.
Countrywide gets some color back
It's amazing what a little extra cash can do. Word broke last night that Bank of America bought $2 billion of stock in ailing mortgage giant Countrywide Financial, and suddenly investors are feeling a bit rosier too. Amy Scott reports.
Tough econ lesson for college students
The subprime lending fiasco has left the entire banking system a little tight on cash. And it couldn't have come at a worse time for college freshmen in need of student loans. Stacey Vanek-Smith reports.
Europe hints at rate hike
Just when it looks like the Fed might be ready to lower interest rates in the U.S., the European Central Bank has indicated it may raise rates over inflation worries. And at least one EU member state says the ECB's got it wrong, Stephen Beard reports.
AMA ad blitz: Health care for all
Today the AMA launches a three-year, multi-million-dollar ad campaign. Its goal: Stir up voters to ensure that '08 candidates take the issue of 45 million Americans without health insurance to heart. They want a real solution, Ashley Milne-Tyte reports.
Will airlines pay for price fixing?
A federal judge today decides whether to approve $300 million fines against British Airways and Korean Air for colluding to fix fuel surcharge prices. But that cash won't compensate consumers who were overcharged. Jeremy Hobson reports.
Astronomical inflation in Zimbabwe
Two months ago, in an attempt to stem breakneck inflation, Zimbabwe's government ordered businesses to freeze prices. Since then, it's been crippled by a shortage of basic goods, and inflation shows no sign of slowing, Gretchen Wilson reports.
Cost of emerging from China's shadow
Taiwan and China have a long-standing disagreement, to put it diplomatically, over whether Taiwan is independent. And China's powerful economy has forced the tiny island to be resourceful in gaining recognition from other nations. Dan Grech explains.
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Music From This Show
- The Boogie Monster Gnarls Barkley
- Seasick, Yet Still Docked Morrissey
- Feel Good By Numbers The Go! Team
- Take A Picture Filter
Marketplace Confessional
"I disagree with Diana Nyad, who told Bob Moon today that Americans are not interested in Wimbledon because there are so few Americans playing. I love watching tennis, no matter who is playing. I have watched tennis for years, but the networks toy with us, creating drama rather than showing the match. Oftentimes, televised matches end precisely when the allotted time expires, even if they have to cut and splice. When they don't, as happened in a Nadal match last weekend, we were left hanging at the end of two sets, as NBC switched to women's golf. I don't have cable TV, so I couldn't switch to MSNBC as was suggested. It's enough to make me turn off the TV and read about the matches online."
Your Host
By age 14, Scott Jagow had no doubt what he would do with his life. He would be a lumberjack. I mean, an astronaut. A seismologist. No, make that a journalist … Full bio
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