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Coach is up; first-class is down

May 4, 2005
Airfares have been on the rise the last couple of months. The big airlines have joined in the fare hikes, but it hasn't always been that way. One airline might raise a fare but then back down if others didn't match it. So what's different this time? Ashley Milne-Tyte reports. Then, Rudy Maxa tells us how to benefit from dropping prices in first-class air travel.

Marketplace Letters for May 3, 2005

May 3, 2005
Today, host David Brown digs into the Marketplace mailbag and finds out what metaphors listeners use to describe how large a trillion dollars is.

The Tao of floating currency

May 3, 2005
Speculation's been building that China will float its currency -- the Yuan -- on international markets. Economist Joseph Stiglitz says the move, even if it happens, won't have the effect that many expect.
Posted In: Canada

British Election update

May 3, 2005
British Prime Minister Tony Blair and his Labour party face a general election on Thursday. After eight years in power, Blair is seeking a third term in office. His popularity has been severely dented by his role in Iraq... but as Stephen Beard reports from London, Blair will likely win the contest. The British economy and his finance chief have ridden to his rescue.
Posted In: Canada

Computer security at Time Warner

May 3, 2005
Time Warner announced yesterday that personal data from 600,000 past and present employees had been compromised. It's a growing problem -- especially for banks that maintain credit card records. As Marketplace's Jeff Tyler explains, the liability blame game is starting to hit the courts.

Donate your Social Security check

May 3, 2005
President Bush takes his ideas for Social Security reform to Mississippi today. But here's an idea you haven't heard from the President - donating Social Security checks. Entrepreneur Paul Merage is pushing that one. Merage invented hot-pockets, those microwaveable sandwiches. He sold his company for a couple billion dollars and, as Sarah Gardner reports, he's cooked up a charity to inspire the nation's seniors.

IT in Baghdad

May 2, 2005
Three car bombs in Baghdad today - at least 8 more people dead. More than a hundred people have been killed in Iraq since Thursday. That's the same day the country's government appointed a partial cabinet. Security is the new government's toughest challenge. The roads aren't safe - and anyone commuting to earn a living is an easy mark. Borzou Daragahi reports on workers taking another road...the one that merges with the information superhighway.
Posted In: Canada

Cheeto Currency

May 2, 2005
Most of you remember bargaining in the schoolyard. Trading marbles or baseball cards... Wacky Packs...anyone remember those? The hot commodity among the junior set these days isn't a collectible. Andrea Gardner tells us about the snack that's inspired a wave of diminutive day-traders.

The rising Yuan

Apr 29, 2005
Today the Japanese yen rose to a one month high against the dollar. But what's driving that surge is "Made in China". Investors are betting that China's currency (the Yuan) is about to rise in value, taking the yen and other Asian currencies with it. Beijing has signaled it may be about to do what the US has been pressuring it to do for a while: revalue its currency. Is this a serious opportunity to take a position in the currency markets and make a bundle? Beijing Bureau Chief Jocelyn Ford reports.
Posted In: Canada

The Plaza closes

Apr 29, 2005
F. Scott Fitzgerald waded fully clothed into its fountain. Frank Lloyd Wright and Judy Garland called it home. And of course there's Eloise, the fictional heroine who survived on its room service. Tomorrow the Plaza, one of New York's best known hotels, will shut its doors. And when it reopens sometime next year, it will be a very different place. Alisa Roth reports on why so many grand New York hotels are becoming very different places.

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