Marketplace Midday Update, Thursday, December 10, 2009

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MARKET UPDATE at 12:35 p.m. EST DOW +76.94; NASDAQ +14.22; S&P 500 +7.84 Marketplace Minute With Bill Radke Watch Marketplace Morning Report host Bill Radke cram all the week's business news into a 60-second poem. LATEST NEWS FROM MARKETPLACE Listen to today's Morning Report | Marketplace Dissing the American dream The Wall Street Journal has an interesting piece about people in a California suburb walking away from their mortgages and renting instead. The article suggests that bailing on a mortgage, while a negative hit on the old credit score, might be good for the economy. Morning Reading Some good stuff to get this Thursday started, including items on U.S. Treasury bonds, China, and leaving the Federal Reserve alone. LATER TODAY ON MARKETPLACE Despite Cleveland's problems with foreclosures, unemployment and poverty, more restaurants are opening in the city. Why? Dan Bobkoff reports. Citing customers' skyrocketing demand for data, AT&T is asking its smartphone users to cut down on streaming video, music downloading and other bandwidth-hungry wireless activities. Stacey Vanek-Smith reports. In Texas, deadly explosions at two Houston-area industrial plants have sparked huge safety concerns, but the federal agency designated to investigate such incidents says it doesn't have the funding to look at either case. That's caused quite a stir in Washington. Nancy Marshall Genzer reports. Tune in to your local broadcast or listen online STORIES FROM MARKETPLACE MORNING REPORT Charity time replacing the office party With unemployment high and budgets low, employers are grappling with the idea of ditching their annual holiday party. And some offices are using the time as an opportunity to let employees donate efforts to charity. Jeff Tyler reports. Drinkers are still looking for deals Wine is struggling with a retail trade-down as more people are purchasing the alcohol in stores than out somewhere on the town. But hard liquor still has loyal customers and drink specials keeps bar attendance flowing. Jeremy Hobson reports. Payroll tax netting more for government Payroll taxes usually don't raise as much money as income taxes, but job losses and the sinking housing market are changing that. Brett Neely reports. MARKETPLACE MONEY PERSONAL FINANCE Government takeover of student loans? Job hunting basics for a tough market Investment lessons culled from Madoff The new digital pyramid scheme Don't let debt cancellation fool you Raising the bar on mortgages How to get equal pay for equal work I'm going to make some investing noise More from Marketplace Money Subscribe to the Marketplace Money newsletter SPONSOR Coverage from Marketplace, Marketplace Morning Report and Marketplace Money plus Web extras. SPECIAL REPORTS AND FEATURES We're on Twitter Get an early heads-up of what's coming up on the show and other tidbits from the business day. Follow us   Working Intimate profiles of real people with real families, real struggles, real dreams and real jobs. Meet them   Conversations from the Corner Office Marketplace goes one-on-one with CEOs, company founders, head honchos. Sit in The Next American Dream Marketplace looks at four pillars of the American Dream and how they're changing. Follow the Dream.

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