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Marketplace Morning Report for Wednesday, May 21, 2008

Episode Description 
Marketplace Morning Report for Wednesday, May 21, 2008

Senate panel to oil execs: Why?

A Senate committee will be asking oil executives directly today why the price of oil per barrel has risen so high. Dan Grech reports that congressional representatives may be answered with not much more than a shrug.

Some get their kicks from sneakers

If you're looking for a new investment venture, how about $4,500 for a pair of rare Nikes? Stephen Hoffman reports it's not uncommon for some collectors to spend thousands of dollars on high-value kicks.
Posted In: Investing

Clean energy could mean tax breaks

Congress votes today on a bill that would renew billions of dollars in tax breaks for clean energy. Sam Eaton reports the money is needed, despite a record amount of investments from the private sector.

Most retailers still struggling

A slow economy means a drop in retail sales. Jeff Tyler reports consumers are putting off buying that extra blouse or sport jacket if they can, but shoppers at high-end stores will help that market do slightly better.
Posted In: Retail

Sorting out the rubbish in Naples

Italian Prime Minister Silvia Berlusconi is holding a cabinet meeting in Naples to show concern for the garbage problem. Scott Jagow talks to reporter Megan Williams about what he can do to help the problem.

Man has a hand in natural disasters

China and Myanmar's death tolls from disasters continue to rise, thanks partially to a lack of shelter. Will Wilkinson says the poverty that exposes people to nature's dangers requires a human hand.

Bad triple-A was mislabelled risk

We're starting to get a better explanation of why banks invested in those atrocious mortgage-backed securities. Stephen Beard reports a glitch with triple-A ratings could have been partially responsible.
Posted In: Investing