12/11/06
Marketplace AM for December 11, 2006
Episode Description:
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Extended warranty trap
Retailers are always pushing those extended warranties when we buy electronics. Host Scott Jagow asks Consumer Reports' Todd Marks, is it worth the extra money?
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'Tis the season for scams
Whether you're feeling generous or just looking for a last-minute tax write-off this holiday season, keep in mind that there are plenty of fraudsters hoping to cash in on your charity. Alex Cohen reports.
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Oil and the dollar
A report out today reveals that oil-producing countries have switched a lot of their holdings away from the dollar. Host Scott Jagow talks to Carola Hoyas of the Financial Times about what that means.
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Economic showdown in China
Treasury Secretary Henry Paulson wants China to move faster on economic reforms and to try to move the process along, he'll lead an imposing delegation to China this week, Hillary Wicai reports.
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China's banks are open
China's domestic banking market opened to full foreign competition today, so foreign banks will be able to offer their services in the local currency, the Yuan, for the first time. Ruth Kirchner reports.
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Farewell to the trading floor?
Members of the New York Board of Trade vote today on whether to merge with an online commodity trading company. The deal could signal the end of an era on Wall Street, Alisa Roth reports.
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Seeds of a biotech battle
Midwest corn and soybean fields are now dormant, but two seed companies are already looking ahead to next year — and battling for market share among farmers with new biotech offerings. Janet Babin reports.
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Checking up on Kyoto
Nine years ago today in Kyoto, Japan, more than 150 countries committed to reduce green house gas emissions. One solution widely touted at the time was a trading system for carbon credits. Jeff Tyler looks at whether it's lived up to expectations.
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Shell gives in to Russia
Shell has offered to give up control of a $22 billion oil and gas project in Russia after months of pressure from the Kremlin. Stephen Beard reports.
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Pinochet's economic legacy
Former Chilean dictator Augusto Pinochet died Sunday at age 91. Many have criticized his brutal regime, but he leaves behind a tremendously successful economic legacy. Dan Grech reports.
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