02/22/07
Marketplace AM for February 22, 2007
Episode Description:
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Housing hasn't hit bottom yet
Economics correspondent Chris Farrell says low long-term interest rates are propping up the housing market — for now. But when rates ratchet up, the market still has plenty of room to fall.
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It's time for an honest fiscal conversation
Commentator Glenn Hubbard suggests that Congress not simply dismiss the President's entire 2008 budget proposal. He says there are some good points in there that should be considered.
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American ups the ante in NYC
American Airlines is adding several flights out of New York, including new non-stop service to and from Las Vegas. That route's a JetBlue staple. Interesting timing, but it probably just <i>feels</i> like American's pouring salt in the wound.
1
No welcome mat for Wal-Mart in India
Shopkeepers in India are protesting the entry of Wal-Mart into their retail economy, even if it is just as a supplier to an Indian company.
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Self-filers beware: 1040s missing deductions
Billions of dollars in tax deductions may slip by filers this year because of a few omitted lines on 2006 tax forms. They were already at the printers by the time Congress extended the missing deductions.
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Sex doesn't sell after all
How's this for an advertising conundrum: A new study suggests that while people might prefer to watch TV shows with sexual content, they're less likely to remember the commercials in between.
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Venezuela, Argentina swap money for milk
The South American allies have made an unusual trade deal: Oil-rich Venezuela will bail out an Argentine dairy producer in exchange for powdered milk. And it has as much to do with politics as economics.
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A healthy correlation with taxes
A new study finds that high taxes and good health go together. Researchers say states with higher taxes spend more money on social programs which ultimately leads to healthier kids.
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HP's new guy on the case
Hewlett-Packard has a new lawyer. Michael Holston starts today as HP's general counsel. He replaces Ann Baskins who resigned before refusing to testify at a congressional hearing on that notorious spying case.
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