Scott Tong is a correspondent for Marketplace’s sustainability desk, with a focus on energy, environment, resources, climate, supply chain and the global economy. He services the complete portfolio of Marketplace programming and has reported on several special series including long-term U.S. job creation, U.N. climate talks in Cancun, Mexico, the Japan earthquake and tsunami, the BP oil spill one-year anniversary, and famine in the Horn of Africa. He has reported from more than a dozen countries. Tong joined Marketplace in 2004, serving most recently as the China bureau chief in Shanghai from January 2007 to July 2010. While there, he reported on a special series on the economics of one-child and the 30th anniversary of the one-child policy in China, the Beijing Olympics, the food safety scares in 2007, labor strikes, slave labor, child lead poisoning and baby-selling in China’s international adoption program. Prior to joining Marketplace, Tong worked as a producer and off-air reporter at PBS Newshour with Jim Lehrer for seven years, where he produced a special series from Iraq in 2003. Tong received his bachelor’s degree in government from Georgetown University. A native of Poughkeepsie N.Y., Tong now lives in Arlington, Va. with his wife and three children. He’s an acknowledged soccer dad, and enjoys cooking, cycling (he bikes to work on a regular basis), and running slowly.
Posted In: Facebook, IPO, tech bubble
The stock tanked 11 percent yesterday, and a technology glitch marred its first day of trading Friday. Some look at the disappointing debut and wonder if something's amiss generally in the tech sector.
Posted In: technology, Facebook, IPO
Facebook's first investors didn't lose their shirts. The company's stock is trading right where it started on Friday: 38 bucks a share. But the initial public offering didn't go exactly as planned. The start was delayed; computer systems locked up; and NASDAQ executives are promising to fix the problems.
Posted In: Chesapeake Energy, natural gas
The nation's second largest natural gas company, Chesapeake Energy, has seen its stock plummet almost 40 percent this year. And this week it's been borrowing billions of dollars at high interest rates just to make ends meet.