Marketplace AM for May 9, 2007

Episode Description 

Close the private equity tax loophole now

The Senate Finance Committee considers this week whether money made by private equity partners should be taxed as income instead of capital gains. Commentator Robert Reich says you better believe it.
Posted In: Taxes

Cashing in on gift remittances

More and more Filipinos living abroad are saying goodbye market vendors, so long Western Union — hello Web. A new crop of businesses is springing up to make sending gifts to loved ones back home easier than ever, reports Lenora Chu.
Posted In: Canada

Where will the tainted food scandal end?

More Americans than ever before are eating from an international table. But revelations about tainted fish food in Canada have some worried that lax oversight of food imports could lead to even bigger problems.
Posted In: Canada, Health, Science

Most expensive housing moves to London

It's official: London is now home to the most expensive residential real estate in the world, according to the newly-released 2007 Wealth Report, beating out Monaco, New York, Hong Kong and Tokyo. Pat Loeb reports.
Posted In: Canada, Housing

Looking for a rate cut

All eyes are on the Fed today. Most expect short-term interest rates to hold steady, but analysts are divided over what's ahead. Some are talking about the possibility of a rate cut as early as next month, Amy Scott reports.
Posted In: Wall Street

Shanghai boom — or bubble?

China's market continues its rapid march upward, hurtling over the 4,000 mark today. The euphoric buying spree has some government officials advising caution, but investors won't be swayed, Scott Tong reports.
Posted In: Canada

Bill Clinton, drug deal superstar

The former president has worked out a deal to lower the cost of top-of-the-line AIDS treatment to less than $1 a day in developing nations. That's 50 to 70 percent less, but some say it's still too much. Helen Palmer reports.
Posted In: Canada, Health

Mining merger mania

Demand for metals in fast-growing China and India is so great it's leading to production shortfalls. And that's left mining companies in a mad scramble to buy each other out, Stephen Beard reports.
Posted In: Canada