Marketplace for Monday, April 28, 2008
Hundreds of millions of the world's poorest consumers are suffering greatly as the global cost of food has soared. Washington Post reporter Anthony Faioloa met some of them recently in western Africa. He talks with Kai Ryssdal about what he saw.
IBM employees on Tuesday plan to protest the company's practice of "reclassification," or changing salaried workers to hourly ones. It's a word that's getting a lot of play in corporate America these days. Lisa Napoli reports.
Almost a year ago the United States Postal Service stopped sending letters and packages by sea. It's airmail only now for most international postage. Commentator Robert Lyle wonders whether the change has been worth it.
Two weeks from today the cost of mailing a first-class letter goes up a penny, from 41 to 42 cents. Unless you've bought some of theose "forever" stamps, which are being bought at a rate of 30 million a day. Jeremy Hobson reports.
Posted In: Housing
The Federal Reserve is holding hearings in L.A. on Bank of America's planned acquisition of troubled mortgage company Countrywide. Fair-lending advocates say the acquisition should include an obligation to help clients avoid foreclosure. Jeff Tyler reports.
Oil nudged closer to $120 a barrel today. Two theoretically unrelated labor disputes -- in Nigeria and Britain -- were largely to blame. Stephen Beard reports.