Marketplace for Friday, July 17, 2009
Marketplace's Brendan Newnam and Rico Gagliano talk with fellow staffers Deb Clark, Stacey Vanek-Smith and Jeremy Hobson about under-the-radar business stories: Anna Wintour's 'shop more' campaign, sunshine insurance and TSA security guards/thieves.
Argentina is known as the breadbasket of South America, due to its ideal climate and rich soil. Yet, the nation may soon begin importing beef and wheat for the first time. A severe drought is part of the problem. But farmers say government policies are another. Ian Mount reports.
Supreme Court nominee Sonya Sotomayor insists her "wise Latina" comment does not mean she will be biased on the bench. Commentator Betsey Stevenson says biased decision-making is inevitable, but can be overridden if its existence is acknowledged.
States with double-digit unemployment numbers are finding that cuts to local government are inevitable. Miami-Dade county has reached 10.6%, and every county employee is getting at least a pay cut, if not worse. Dan Grech reports.
Kai Ryssdal talks to freelance business writer Heidi Moore and John Carney of Clusterstock.com about the reaction to Goldman Sach's gross earnings. They insist the financial crisis is far from over.
U.S. Commerce Secretary Gary Locke said consumers should pay for the carbon content of the goods they consume, even from other countries like China. One option is imposing trade tariffs, but that proposal has the potential to set off a trade war. Sam Eaton reports.