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London's petroleum exhange goes quiet - an end of an oil era?

| Apr 7, 2005
One of the noisiest financial markets went silent at the close of business today. Gone is the old open outcry system at the London Petroleum Exchange, which deals in oil futures.From now on trades will be conducted electronically. The end of an era? Not quite. Marketplace's Stephen Beard reports this could be the start of a transatlantic shouting match.
Posted In: Canada

Companies open their books for earnings season

| Apr 7, 2005
It's earnings season again. How good are you at reading between the numbers? Marketplace's money guru Chris Farrell joins host Kai Ryssdal to talk about some of the things you should watch for as companies open up their books.
Posted In: Wall Street

Bankruptcy and credit counseling - will new rules work?

| Apr 7, 2005
Sometime in the next couple weeks, Congress is expected to approve legislation that will radically change bankruptcy laws. Among other new provisions, those looking for debt relief under the new law would be required to undergo some type of credit counseling at least 6 months before they're allowed to file for bankruptcy protection. Marketplace's Hillary Wicai takes a look at the intent behind the proposal and why some are concerned.

Golf's growth spurt could cause problems

| Apr 7, 2005
The Masters golf tournament starts today in Augusta. Keeping track of all of the PGA tournaments isn't easy these days as the list of events continues to expand. As Marketplace's Business of Sports analyst David Carter tells host Tess Vigeland, that growth spurt may have to be addressed soon.

Rome is bursting at the seams for Pope's funeral

| Apr 6, 2005
Rome is literally begging people to stay away. Over a million pilgrims have flooded the city for Pope John Paul the Second's funeral this Friday. Authorities say the city's now full.For businesses in and around St. Peter's, the crowds are a blessing... and curse. Megan Williams reports.
Posted In: Canada

Meet clocky. The alarm clock. That runs away ...

| Apr 6, 2005
What measures about a foot long, is brown and shaggy, and will not stop making noise till you get out of bed? Someone at MIT's Media Lab invented what amounts to a cross between an alarm clock and a cat. Call it Clocky. Everyone else does. At the preset moment, Clocky's alarm goes off. You hit Clocky's snooze button. Clocky rolls off the table to another part of the room. And Clocky starts beeping all over again. WBUR's Sean Cole reports.
Posted In: Science

The Fed, job numbers, and economic recovery

| Apr 6, 2005
It's hard to get a handle on the health of the economy these days. The stock market keeps fluctuating. So do oil prices. Job growth looks like it's stalling. Real wages are dropping. But the Federal Reserve keeps raising short-term interest rates. They're trying to ward off inflation. Marketplace commentator Robert Reich parses out who's paying the price.

Goldman Sachs shifts gears on Ground Zero project

| Apr 6, 2005
So this was the plan. Across from ground zero in New York, a blue-chip Wall Street firm would build a tower. West Street would tunnel under the tower to make room for a World Trade Center Memorial. But now Goldman Sachs says no. Pradnya Joshi has been covering this story for Newsday...
Posted In: Wall Street

Noney notes -- for that artistic bartering society

| Apr 6, 2005
The dollar gained against the Euro and the yen today. Whatever the face value of the money in your wallet, chances are good it'll be worth less - eventually. That's what inflation tends to do to cold hard cash. One could invest in art, for example, but you'd have to part with your cash. Robin Amer reports.

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