May 2, 2008

Marketplace Morning Report for May 1, 2008

Segments From this episode

Dirt's a handicap at the Derby

by Marketplace Staff

May 2, 2008

Picking a winner in Saturday's Kentucky Derby will be harder than usual. Churchill Downs has had a dirt track for 134 years, but many of the races leading up to the Derby are run on synthetic surfaces. Scott Jagow talks about it with horse-racing reporter Jennie Rees.

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Fed works on credit card rules

by Marketplace Staff

May 2, 2008

After years of consumer complaints about unfair credit card fees and interest charges, regulators are cracking down. Today, the Federal Reserve Board is expected to endorse restrictions on banks that issue credit cards. John Dimsdale has more.

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Coming to a teeny screen near you

by Stacey Vanek Smith

May 2, 2008

Don't wanna wait to get home and watch the Daily Show episode you TiVo'd. No problem. Watch it live on your cell phone. This weekend AT&T launches its Mobile TV service. Other companies have similar services. Stacey Vanek-Smith reports.

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Health insurance gap is growing

by Stacey Vanek Smith

May 2, 2008

A report today says more and more companies aren't providing health insurance -- even big companies. And more and more of those workers who can't afford insurance are enrolling in government programs. Nancy Marshall Genzer reports.

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Hamptons a bargain for foreigners

by Ashley Milne-Tyte

May 2, 2008

It can cost up to $200,000 a month to rent a decent summer place in the Hamptons on Long Island. With the American economy in a slump, those rentals might go empty this year, but for the foreign exchange rate. Ashly Milne-Tyte reports.

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Action, scandals, contract talks!

by Marketplace Staff

May 2, 2008

This weekend starts summer movie season, opening with the release of "Iron Man"... We're done with the writers' strike and onto the SAG negotiations... And then, there's Miley Cyrus. Mike Spier, executive editor at Variety fills us in on the Hollywood buzz.

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Call for stricter bankruptcy laws in U.S.

by Stephen Beard

May 2, 2008

A leading economics institute in Britain has found a new culprit to blame for the severity and worldwide spread of the credit crunch. It's America's bankruptcy laws, and they should be made more strict. Stephen Beard reports from London.

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25 states face budget shortfalls

by Janet Babin

May 2, 2008

The Center on Budget and Policy Priorities reports today that the potential budget shortfalls in 25 states total about $40 billion. With tax revenues down and expenses up, some hard-hit states have enacted hiring freezes. Janet Babin reports.