08/14/07
Marketplace AM for August 14, 2007
Episode Description:
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Tourism drying up in Britain
A rather nasty exchange rate is the most obvious culprit keeping American and Canadian tourists away from the U.K., but other European countries with strong currencies continue to lure travelers, points out Stephen Beard. So what's the problem?
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Heathrow expansion met by protest
As British officials struggle to attract visitors and improve efficiency at London's Heathrow Airport, environmentalists have set up camp to protest its expansion plans. They say more flights will mean more climate change. Stephen Beard reports.
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Support for wave energy swells
Imagine turning the ocean into a giant renewable energy pipeline. It could meet as much as 10 percent of U.S. power needs, but some who make their living on the water worry plans to harness it will leave them high and dry. Elizabeth Wynne Johnson reports.
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You must be this wealthy to trade
Nasdaq's new Portal Market debuts tomorrow, but is only opening its doors to the super-rich. Investors interested in the private market can only trade if they hold at least $100 million in assets. Amy Scott reports.
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Is Greenspan to blame?
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.
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Interest rate whispers every which way
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.
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Lobbying for child care funds
We all know child care is expensive. Now a survey of 600 women demonstrates how dramatically the costs may impact family planning. The group behind it hopes it'll turn up the volume on its call to restore federal budget cuts. Lisa Napoli reports.
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Even more recalled Chinese-made toys
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.
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Bolivia issues an ultimatum
Bolivia has a wealth of natural gas, but it doesn't have the money to get it out of the ground. It needs foreign firms to help, and it wants help now. So it's told them to get moving or get out. That should speed things along, Dan Grech reports.
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