03/27/08
Marketplace Morning Report for Thursday, March 27, 2008
Episode Description:
Marketplace Morning Report for Thursday, March 27, 2008
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Cooking books in New Century
A report on mortgage lender New Century Financial says auditors at KPMG went along with questionable accounting practices. Amy Scott reports KPMG strongly disagrees with the report, but recent activities raise eyebrows.
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Barclays head not suffering enough?
Barclays stock might have plummeted 30 percent, but bank president Bob Diamond will still be taking home $42 million for last year. Scott Jagow talks about unions angry over his payday with Christine Seib from the Times of London.
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More African-Americans in IT sought
A forum in North Carolina is focusing on getting more African-Americans into the IT industry. Ashley Milne-Tyte reports some IT professionals worry about the reputation the profession has among new graduates.
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Loads of hope and food for Zimbabwe
Overwhelmed by hyperinflation, food is one of the only things with real value in Zimbabwe. Gretchen Wilson reports from a lot in Johannesburg, where passengers are loading a bus to capital city Harare with food.
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Good weather for a growing city
A new Census Bureau report puts several of the fastest-growing U.S. cities in the south. John Dimsdale reports good weather for outdoor construction was one of a few factors contributing to growth.
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Cheap dollar helps H&M profits
H&M, Europe's second-largest clothing store chain, enjoyed a healthy rise in profits in the first quarter. Megan Williams reports how the cheap dollar is helping the retailer and why growth will likely continue.
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Homeowners still up in ARMS
Despite the devastating subprime crisis, the number of new adjustable rate mortgages is on the rise. In the second part of our "Housing Madness" series, Bob Moon takes a look into the lure of these loans and why they're not a good deal.
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Here fishy, fishy, fishy . . .
Fish farming can be a tedious task when trying to keep the fish from escaping. Jeremy Hobson reports on a new technique some farmers are trying to keep fish within certain boundaries by using a fish call.
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Not so much help wanted these days
The Help Wanted Index comes out today, and analysts are seeing a dramatic drop across the board over the last three to six months. Stacey Vanek-Smith also reports that a recovery will likely be slow.
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