Marketplace Morning Report for Thursday, May 15, 2008

Episode Description 
Marketplace Morning Report for Thursday, May 15, 2008

Rain hurts Myanmar relief efforts

Getting food to Myanmar has been a huge logistical problem for the Red Cross, and rainfall from an approaching storm threatens to make conditions worse. Lisa Chow reports what's being done to help.

GE planning to unplug appliance wing

Responding to pressure to trim down its operations, GE plans to auction off the appliance sector of its business, which only netted 4 percent of revenue last year. Ashley Milne-Tyte reports the brand has lost some market clout.

The U.K. is OK in L.A.

English-based stores in Los Angeles will celebrate their contribution to California's economy with a "Britwalk." But what makes these businesses specifically British? Cash Peters looked to his countrymen to find out.

Times are changing for private equity

Blackstone releases its first-quarter profits today on the heels of a 90 percent profit loss for last year. Jill Barshay reports analysts are forecasting big changes in practice for the private-equity industry.
Posted In: Investing

A call to tame a financial 'monster'

German President Horst Kohler is calling for tougher regulations on the banking industry, which he believes created a "monster" within the global financial markets. Stephen Beard reports discontent is echoed in Germany.
Posted In: Investing

A short, shallow recession

Economists are forecasting a modest rise in unemployment numbers, but is it enough to call it a recession? Economics editor Chris Farrell tells Bob Moon the numbers indicate a downturn won't be too deep.
Posted In: Economy, Jobs

A low life for high ratings

Riding the trend of feel-good reality TV shows, Fox is set to unveil a riches-to-rags story. Stacey Vanek-Smith has more on the "Secret Millionaire" who must find a worthy beneficiary while living amongst the needy.
Posted In: Charity, Entertainment

Efforts to save energy are working

A new report notes it takes half as much energy today to create $1 of economic output as it did in the 1970's. Dan Grech reports new efficiencies out in the next few decades can cut energy consumption even more.

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