06/27/07
Marketplace AM for June 27, 2007
Episode Description:
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Hedge fund boom bound for bustville
As hedge funds become more accessible to everyday investors, commentator David Frum offers this friendly warning: It's not possible for thousands of funds to beat the market, year in and year out. And there will be losers when the ride is over.
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A mountain of furniture to climb
Three decades ago she saved your kids from sleeping in toxic jammies. Now chemist Arlene Blum is taking on unsafe sofas. Sasha Aslanian profiles one woman's ongoing battle against potentially hazardous chemicals that keep sneaking into consumer products.
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Northwest cancels flight after flight
Northwest passengers have been spending a lot of time not flying out of airports lately. The airline has been forced to cancel hundreds of flights since Friday, and once again a labor-management squabble seems to be at issue. Martin Moylan reports.
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Lobbyist in the White House
It's hard to spin the revolving door faster than Ed Gillespie, who starts today as counselor to President Bush. A controversial choice, he's helped build one of Washington's largest lobbying firms while jumping into and out of government jobs. Steve Henn reports.
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CAFE debate spills over to House
The Senate last week passed an energy bill which would up the minimum fuel economy standards for automakers to a fleetwide average of 35 mpg. The auto industry hopes to remove that requirement in the House this week. Rachel Dornhelm reports.
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Exxon chief attacks Senate energy bill
ExxonMobil CEO Rex Tillerson told the Financial Times that the energy reform currently passing through Congress "almost defies any sense of logical or rational thinking." The FT's Ed Crooks tells us more.
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China food crackdown may lack bite
The Chinese government shuttered 180 factories today after inspectors found industrial chemicals in food products. It sounds like a step in the right direction, but with 750,000 food processing plants, safety enforcement is no easy task. Scott Tong reports.
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How the Journal could change
Media magnate Rupert Murdoch isn't likely to sweeten his $5 billion bid to the Bancroft family. Staci Kramer of PaidContent.org says the Wall Street Journal newspaper was headed for big changes anyway.
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Immigration-bill boost for Home Depot?
A proposed amendment to the controversial legislation would shield the home improvement superstore chain from being forced by local governments to provide facilities for day laborers. Jeremy Hobson reports.
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