12/31/07
Marketplace for Monday, Dec. 31, 2007
Episode Description:
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A prime year for new business terms
Although the word "subprime" could be found in the dictionary, it wasn't a part of common lexicon until this year. Host Kai Ryssdal talks to Joe Pickett, executive editor of the American Heritage Dictionary, about business terms that came into their own in 2007.
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China managers have decisions to make
China has become a manufacturing powerhouse, but when it comes to producing management talent it still relies on imports from the United States. Bill Marcus reports.
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iPhone led 2007's hand-held boom
Apple's iPhone is at the top of almost everyone's Gadgets of the Year list. Marketplace's Lisa Napoli and host Kai Ryssdal discuss its impact in their look back at the year of the phone.
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Law puts Arizona economy on the fence
In Arizona an estimated 1 in 10 workers is undocumented -- double the national average. It's also the reason the nation's toughest demand-side immigration law will go into effect there Jan. 1. The law could become a national model, if the state doesn't go bankrupt first. Dan Grech reports.
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Lights go out at the FEC
As the falling ball lights Times Square tonight, the lights will effectively be going out at the Federal Election Commission. The FEC is going to start the New Year with only two commissioners, and six are needed to stop candidates from bending the rules. Nancy Marshall Genzer reports.
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EMI owner taking hands-on approach
The new owner of record label EMI, private-equity firm Terra Firma, reportedly has decided to clamp down on costs and control time-honored, recording-industry practices that haven't always been tied to company goals. Amy Scott reports.
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China levies new tax on grain exports
The Chinese government is ringing in the New Year by ringing up new taxes on grain exports. Bob Moon reports on what the tax means for global food costs.
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