Feb 16, 2009

Marketplace for Monday, Feb. 16, 2009

Segments From this episode

Golden State tarnished without budget

by Stacey Vanek Smith

Feb 16, 2009

California is on the brink of financial disaster. The Golden State is $42 billion in debt and lawmakers still haven't agreed on a budget. If they don't come up with a plan, California might be facing bankruptcy. Stacey Vanek-Smith reports.

Unemployed construction workers demonstrate outside the district office of Assembly Speaker Karen Bass, in Los Angeles, Calif over the failure of the legislature to pass a state budget.

David McNew/Getty Images

LISTEN

EMBED

Fallout: The Financial Crisis

Panel to steer weakened auto industry

by John Dimsdale

Feb 16, 2009

As Chrysler and GM prepare their recovery plans, President Obama is setting up a task force to take charge of restructuring the crippled auto industry instead of appointing a "car czar." John Dimsdale reports on the president's plan.

LISTEN

EMBED

Clinton's Asia trip signals region's clout

by Scott Tong

Feb 16, 2009

Secretary of State Hillary Clinton has kicked off her first foreign trip to Asia as the nation's top diplomat, a sign of the region's increasing economic power. Scott Tong reports.

LISTEN

EMBED

Fallout: The Financial Crisis

Would you like a pay cut or layoff?

by Marketplace Staff

Feb 16, 2009

To cope with the recession, many companies are considering layoffs or pay cuts. But is it better for companies to cut pay or let employees go? Jeremy Hobson reports.

LISTEN

EMBED

Fallout: The Financial Crisis

Social networking sites help job search

by Marketplace Staff

Feb 16, 2009

What's the first thing you do when you lose your job? Blog about it or update your status? More laid-off workers are using social networking sites to make connections -- and get hired. Curt Nickisch reports.

LISTEN

EMBED

Rethinking what 'long term' means

by Marketplace Staff

Feb 16, 2009

If your investment portfolio took a big hit in 2008, you'd be forgiven for wondering if the markets aren't just a big Ponzi scheme. Roger Lowenstein explored that sentiment recently in The New York Times. He talks with Tess Vigeland.

LISTEN

EMBED

Less product, same price

by Marketplace Staff

Feb 16, 2009

Have you noticed there's less peanut butter in your jar? Some packaged goods companies have been reducing the weight of certain products and selling them for the same price. Sean Cole asks: Is it deceptive?