11/30/07
Marketplace Morning Report for Friday, November 30, 2007
Episode Description:
Marketplace Morning Report for Friday, November 30, 2007
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Easing pain of rising mortgage rates
Many mortgage holders who took out subprime loans with teaser rates will find those rates climbing within the next two years. Alisa Roth reports government offices and financial institutions are negotiating a deal to help.
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Heavy price to pay for a mushroom
Italy's tartufo mushrooms, also known as white truffles, are a precious and highly sought-after food. And the biggest one found in 50 years could net around $200,000 at an auction. Megan Williams has more.
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L.A., Cannes . . . and Dubai
Dubai's film festival is only on its fourth year, but has already managed to become big enough to entice Hollywood players to come. Doug Krizner talks to Variety editor Mike Speier about Dubai's emerging market for entertainment.
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Trump's luxury golf dream rejected
Donald Trump's bid to build a luxury golf course on the Aberdeenshire, Scotland coastline has been rejected by local politicians. Aberdeen Sustainability Group's Mickey Foote tells Doug Krizner why the course is a bad idea.
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Disclosing lobby money going too far?
Companies and groups that give more than $5,000 to lobbying efforts must now disclose their support, according to a new rule in Congress. Jeremy Hobson reports some trade groups don't like the bill, and are trying to reverse it.
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Ireland's leader seeing the green
Irish Prime Minister Bertie Ahern's new raise makes a higher-earning political leader than the U.S. president. Stephen Beard reports that with Ireland heading towards a recession, his inflated income has pretty bad timing.
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Fighting for a higher tomato value
A thousand migrant farm workers in Miami are marching to Burger King headquarters to protest the fast-food giant's refusal to give them a penny more per pound of tomatoes. Dan Grech reports their last raise was three decades ago.
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FCC rule doesn't apply to Tribune
The Tribune Company's exemption from the FCC's rule that one can't own a TV network and a newspaper in the same market is set to expire when Sam Zell takes over. But will he get a waiver and stay above the law? Jill Barshay reports.
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