Marketplace

Hundreds of millions of dollars in the housing settlement meant to provide relief to struggling homeowners is being used to plug state budget gaps. Commentator Robert Reich says forget the Volcker rule -- let's bring back Glass-Steagall instead. The number of older Americans who are long-term unemployed has more than doubled since the recession. And in the U.S. economy recovery, it looks that the wealthy are recovering more of their money than the poor. Kai Ryssdal talks to a Greek resident about the reported 'bank runs' happening there today. And in the latest installment of Freakonomics, Stephen Dubner talks about the unintended consequences of retirement.

After JPMorgan's $2 billion trading loss, it's possible the bank may try to recover salary and bonuses paid to those responsible. Can France's new president Francois Hollande and the German chancellor Angela Merkel find a way forward on the growth and austerity debate in Europe? Despite it probably being the biggest IPO ever, some investors just aren't playing into the whole Facebook hype. A new study says many low- and middle-income families used equity loans during the housing bubble to send their kids to better colleges than they could otherwise afford. And Kai Ryssdal talks to author John Fox about his new book "The Ball," which looks at the games we play and why we play them.

It's been a few days since JPMorgan's $2 billion loss was announced, but New York bureau chief Heidi Moore tells us why it's a warning we shouldn't soon forget. We take a look at the housing market in three different cities across the U.S. Will President Obama's support of same-sex marriage lead to a windfall of campaign contributions from the gay community? There's more turmoil in Europe at the hands of Greece. And John Hoffman, executive producer of the HBO documentary "The Weight of the Nation," discusses America's obesity epidemic.

The Facebook "highlight" feature will allow users to pay a couple of bucks to promote their status updates in their friends' timelines. This week's Weekly Wrap focuses on the news from JPMorgan about its $2 billion loss. A new obesity drug is in line for approval by the FDA and many say that's key for health care cost savings. Saudi Arabia, the world's largest exporter of crude oil, wants to become the leader in renewable energy. Kai Ryssdal talks to Andrew Wallenstein from Variety magazine about the upfronts and the television ad industry. And it's the 100th birthday of the Beverly Hills Hotel.

So how do Americans really feel about the rich? Gallup reveals the latest data from its polling. JPMorgan Chase announced after the closing bell today that it had lost $2 billion on, essentially, bad bets. Apple has agreed to help pay for improvements to Foxconn factories in China. Meanwhile, New York City is now the fastest growing area for tech companies. Kai Ryssdal talks to Andrew Liveris, CEO of Dow Chemical, about getting U.S. manufacturing back on track. And reporter Amy Scott continues her series on poverty and education, visiting a Cincinnati school that also provides basic health care for its students.