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Down with financial entrepreneurs

Aug 15, 2007
Commentator Robert Reich says the full-blown credit crisis of recent weeks is the price we're paying for letting financial entrepreneurs take over our economy, a problem that's not going away unless we level the playing field.
Posted In: Economy

Trade-secret leak in aisle 7

Aug 15, 2007
The Federal Trade Commission inadvertently released documents yesterday from Whole Foods with information that should have been omitted -- including the grocery giant's plans to close 30 Wild Oats stores upon the companies' merger. Amy Scott reports.
Posted In: Retail

Nestle rolling in dough

Aug 15, 2007
The world's biggest food company has reported a sweet increase in sales and profits, despite the fact that milk and sugar prices keep going up. Stephen Beard looks at how Nestle earned enough to plan a $21 billion stock buyback.
Posted In: Wall Street

Feds open way to NYC congestion tax

Aug 14, 2007
The federal government has offered New York City $354 million to pay for Mayor Bloomberg's proposal to charge a fee for vehicles entering the busiest areas of Manhattan. The mayor says it will be good for the economy. Bob Moon reports.
Posted In: New York, Taxes

Is Greenspan to blame?

Aug 14, 2007
Some pundits are pinning the blame for market uncertainty of late to former Fed chairman Alan Greenspan, but is it fair to second guess 18 years of decision-making in hindsight? Besides, he did warn borrowers two years ago, John Dimsdale reports.
Posted In: Economy, Wall Street

Interest rate whispers every which way

Aug 14, 2007
Wall Street wants a rate cut, but some folks are still stuck on inflation worries and hoping to see a bump in the other direction. Meanwhile, the Fed's been happily holding steady. What next? Stacey Vanek-Smith sorts through the speculation.
Posted In: Economy, Wall Street

Even more recalled Chinese-made toys

Aug 14, 2007
Today Mattel announced that it's recalling about 9 million more toys, including products with magnets that can be harmful if swallowed. Doug Krizner gets feedback from business professor Eric Johnson, who follows the toy industry.
Posted In: Retail

Need a raise? Keep performance high

Aug 13, 2007
Many of us are feeling some kind of financial pinch at the moment, what with high energy prices, rising school fees, health insurance costs... But don't count on the boss to help you out much. Helen Palmer reports.
Posted In: Economy, Jobs

No bailout, an 'investment opportunity'

Aug 13, 2007
Goldman Sachs announced it's pouring $3 billion with the help of investors into one of its hedge funds that lost 32% of its value in the past week. It might walk like a bailout and talk like a bailout but, as Amy Scott reports, don't call it a bailout.
Posted In: Economy, Wall Street

Mortgage-backed securities 101

Aug 13, 2007
Mortgage-backed securities seem to be at the root of the markets' problems these days. So what exactly are they? Kai Ryssdal turns to portfolio manager Mike Hatley to help us all understand.
Posted In: Economy, Wall Street

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