Marketplace AM for July 25, 2007

Episode Description 

A microcosm of the subprime meltdown

One working-class neighborhood in Cleveland saw 400 foreclosures last year. But critics say the home lending crisis is only now making headlines because it's shaking up Wall Street. Steve Henn reports.
Posted In: Economy, Housing

Time off? Working poor can't afford it

Like millions of lower-wage workers in America, Moira Manion has to keep working to make ends meet. The stress is affecting her health, but without medical insurance or vacation time, there's no option but to keep working.
Posted In: Health, Jobs

Investors hedging bets in a big way

More and more investors are taking money out of their brokerage accounts and investing in hedge funds to protect against the possibility of a correction in the Dow, now hovering at 14,000. Amy Scott reports.
Posted In: Investing, Wall Street

New push to regulate Big Tobacco

Congress will consider whether the FDA should have more regulatory power over cigarette makers. But at least one former FDA official says the agency is simply too swamped to take on more responsibilities. Jeff Tyler reports.
Posted In: Health, Washington

More like bummer camp

Campfires? Not so much. And forget that class in riflery... Summer camps are increasingly feeling pressure to lower risks for their young guests, and many familiar activities are banned. Monica Brady-Myerov reports.

A legal faceoff over Facebook

Former Harvard classmates go to court today over who owns the software behind the wildly successful Facebook Web site. It could be a big test for a young Web mogul behind the "new Google." Stephen Beard reports.
Posted In: Crime, Entrepreneurship