08/31/07
Marketplace AM for August 31, 2007
Episode Description:
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Leaving on a jet plane... eventually
One of the worst summers on record for airline flight delays will be capped by a tough Labor Day weekend. That's the word straight from the FAA. That and a warning that fixes don't appear to be coming anytime soon.
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A working tribute to Diana
Politicians, pop stars and royalty from around world will descend on London today for a memorial service marking the 10th anniversary of the death of Diana, Princess of Wales. But one shopkeeper pays a small tribute to the People's Princess every day. Stephen Beard has his story.
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Celebs still rescuing New Orleans
As the anniversary of Hurricane Katrina fades from headlines and federal relief funds remain tied up in red tape, the celebrities who've made the recovery of New Orleans their cause are more important than ever. John Dimsdale reports
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Should Mexican truckers hit the road?
Right now Mexican trucks can only travel about 25 miles inside the U.S. The Bush administration and many companies on both sides of the border want to lift that limit, but you might be surprised who isn't on board.
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Most important speech of Bernanke's life
That's the word around some water coolers on Wall Street, as economists and investor types await Fed chief Ben Bernanke's speech today. For or against it, they'll all be looking for hints of a rate cut in the near future. Amy Scott reports.
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Charities getting crunched too
The non-profit sector is waiting nervously to see how much fallout it'll feel from the credit crunch, and steeling itself for leaner times ahead as wallets everywhere tighten. Ashley Milne-Tyte reports.
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Barclays: It's all gonna be OK
The British bank Barclays was forced this week to borrow more then $3 billion in emergency funds after what it called a "technical glitch." Now it's working to reassure investors that its finances are fine. Stephen Beard reports.
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Subprime fallout hits credit rating agencies
Standard & Poor's President Kathleen Corbet has stepped down. The official line is "pursue other opportunities" but speculation says this may be just the beginning of the subprime fallout for credit rating companies. Janet Babin reports.
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