03/31/08
Marketplace for Monday, March 31, 2008
Episode Description:
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Cholesterol medications found lacking
Traders dumped shares of Merck and Schering-Plough today on news that cholesterol-lowering medications the companies made and marketed didn't do much for other symptoms of heart disease -- and might make them worse. Nancy Marshall Genzer reports.
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Railroads say they're staying on track
The amount of cargo being shipped by train has dropped as the U.S. economy has slowed and imports have declined. But the freight-train business still hasn't gone off the rails. Jeff Tyler reports.
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'Upfronts' are changing channels
"The upfronts" -- the events where TV networks tell advertisers what's on and advertisers plunk down billions to buy time -- are going to be a bit different this year, beginning this week. Joe Adalian, the TV editor at Variety, explains to Kai Ryssdal.
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Farmers negotiate trickier balancing act
An Agriculture Department report says farmers are planning to plant more soybeans than last year. As they're getting ready for the planting season, those farmers are trying to navigate some complicated finances. Adriene Hill reports.
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There's the plan, then the execution
Treasury Secy. Paulson admits that, this being a presidential election year, nothing much is going to happen with his announced regulation plan anytime soon. Kai Ryssal talks about it with Joe Grundfest, who used to sit on the Securities and Exchange Commission.
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What the Treasury secretary said . . .
Treasury Secy. Henry Paulson Jr. uses the word stability 21 times as he announces the administration's proposal for new financial market rules and regulations. John Dimsdale reports.
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Paulson's speech won't do much
Commentator Robert Reich says Secretary Paulson made a good sales pitch, but he's short on substance.
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. . . and what he didn't say
There are many things the Treasury secretary's plan won't do -- like rein in the loosely regulated hedge fund industry, or crack down on things like mortgage-backed securities or credit-default swaps. Amy Scott reports on what Henry Paulson didn't say.
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