03/24/08
Marketplace Morning Report for Monday, March 24, 2008
Episode Description:
Marketplace Morning Report for Monday, March 24, 2008
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Cities steer toward new meter
A new multi-space, credit card-friendly parking meter is garnering mixed reactions from the driving public. Rachel Dornhelm explores the technology's many facets that will allow cities to cash in big -- sometimes to parkers' dismay.
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Competing to solve the water crisis
About a billion people worldwide lack access to clean drinking water, but solving the crisis could cost up to $4 billion a year. Sam Eaton reports on a competition that's using entrepreneurs to find innovative solutions.
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New profits from the ashes of subprime
Former Countrywide executives are launching a new company that hopes to profit from the whole subprime mess. Despite the old company's bad rep, Amy Scott reports the connection might not damage the new firm.
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Contractors in U.S. versus abroad
Members of Congress are focusing on a loophole in a proposed new rule for government contractors working abroad. Jeremy Hobson reports why House Democrats don't like the Bush Administration's latest approach to contracts.
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No retail hop over last Easter
Sales of Easter-related goods are at about what they were last year, though there may be a boost for Spring clothing as parts of the country without fairer whether will still sell items at full price. Danielle Karson reports.
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Soothing disgruntled Bear shareholders
Billionaire Joe Lewis is leading the campaign of Bear shareholders who want to block the ailing bank's rescue. But Stephen Beard reports JP Morgan may be prepared to up the share ante to sweeten the deal.
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Learning from the Bear Stearns deal
The Federal Reserve is reluctant to support a Bear Stearns increase in share price because it doesn't want the deal to be viewed as a bail-out. Fortune Magazine's Allan Sloan outlines how the Fed can exact a price on the situation.
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Economy struggles with loss of luxury
Reports from luxury retailers like Tiffany's are watched closely by analysts because they can signal how the overall economy is doing. Rachel Dornhelm reports current signs show the average consumer is cutting back.
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