04/09/07
Marketplace AM for April 9, 2007
Episode Description:
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All the president's whiskey
Turns out our first president wasn't the teetotaler some revisionists have made him out to be. In fact, Washington was once the nation's largest producer of whiskey. And now a rebuilt version of his distillery is open to the public.
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Natural gas cartel on the front burner
Rising energy costs and advances in technology have given new life to efforts to form an OPEC-like cartel for natural gas. It's probably a long way off, but if it happens, it won't be good for consumers.
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Breaking up immigration reform
President Bush is asking Congress for comprehensive immigration reform, but a sizable House caucus opposed to any form of amnesty wants to split up immigration issues and pass the less controversial measures.
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Filling the cheap labor void
Workplace raids have succeeded in scaring off illegal immigrant workers — but that's left many farms and businesses struggling to maintain production levels and Congress struggling to agree on a solution.
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Picking another fight with China
The U.S. is expected to file new complaints with the WTO this week saying China isn't doing enough to fight piracy and counterfeits. Beijing has made it easier to prosecute the crimes, but the problem is built into its restrictive market.
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Pneumonia drop ups vaccine's value
Prevnar is an expensive vaccine but effective in preventing deadly diseases such as meningitis, so doctors have been using it despite the high cost. Now evidence that it also cuts pneumonia cases makes its price tag seem even more reasonable.
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Can we get that shaving deduction?
From beard taxes to yachts, history teaches that you never can tell how people will respond when you find a new way to tax them. Except that some of them will find some way to avoid paying it.
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