Patt Morrison Fri, 10/10

PATT MORRISON SCHEDULE

Friday, October 10, 2008

1-3 p.m.

 

1:00 – 1:30

OPEN

 

 

 

1:30 – 2:00

Crash! “Total Collapse” of Auto Market in ’09?

The ramifications and reverberations of the credit crisis have been well documented, starting with the hardships of auto dealerships.  Facing a double-whammy of flagging consumer spending and increasingly difficult-to-obtain auto loans, the auto industry is facing a bleak end to ’08 and beginning to ’09.  J.D. Power & Associates is warning that the global auto market might experience an “outright collapse” in 2009; it’s almost certain that nearly 500,000 fewer cars will be sold in the U.S. by the end of 2008.  Aside from the pain of not being able to afford your next dream car, how deep of an impact might this have on the very car-dependent American economy?

 

Guests:

TBD: Reps from Ford Motor Company, Toyota & GM

 

 

 

[NPR NEWS]

 

 

2:00 – 2:40

Retirement in the Red

You want to take your gold watch and retire – and all of a sudden, the market tanks, and takes your 401K with it. What do you do? Keep working? Cut your spending? What advice is out there for seniors these days? And how are seniors changing their retirement plans? Experts and seniors figure that one out.

 

Guests:

Linda Bailey, a real estate investor who lives with her husband in northern California.  She is 55, retired, but looking to go back to work.  Her husband is 73 and retired.

CALL HER @

• In last 6 months, have lost 50% of value in 401Ks and home (assets at full value were $6 million); Now, inflation is kicking in and assets are devaluing.  Don't know what to do.

 

 

Nancy Davis, senior marketing manager at law firm in San Diego. 

CALL HER @

She is nearing retirement age, but now see's herself working now until she's 70 or 80; when financial crisis started, she reallocated her investments to CDs and bonds, but doesn't feel she knows what is best to do to protect her remaining assets.

 

 

Ernie Powell, Manager of Advocacy for AARP/California

IN STUDIO

 

 

 

[BREAK]

 

 

 

2:41 – 2:50

Troopergate: An Update

The state Supreme Court refused yesterday [THURS] to halt an ethics investigation into Gov. Sarah Palin. The ruling clears the way for lawmakers to release a report on their investigation into whether Palin abused her power by firing her public safety commissioner. Lawmakers are investigating whether Palin abused her power to settle a family dispute. We get the details of the report from a man who has been following the story since its inception.

 

Guests:

Michael Carey, Freelance reporter with the Anchorage Daily News

CALL HIM: 612-804-9182 (cell) 907-274-7402 (home)

mcarey@adn.com

 

 

 

2:50 – 2:58:30

OPEN