08/16/07
Marketplace PM for August 16, 2007
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It doesn't care for strings on U.S. aid
The charitable organization CARE is turning down $45 million in U.S. government aid because, it says, the strings attached to the food aid package are hurting developing countries. John Dimsdale reports.
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FDA: Careful with the kid meds
The Food and Drug Administration is warning parents not to give cough or cold medicines to children under 2 unless a doctor says so. The recommendation comes after a campaign by pediatricians who've treated overdoses of cold remedies. Helen Palmer reports.
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Beach reads: Good, bad capitalism
In our continuing series on the best business beach books, economist Marcellus Andrews picked one that really is all business: "Good Capitalism, Bad Capitalism."
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Hip-hop's cash kings
You probably won't find Shawn Carter or Curtis Jackson on any list of Who's Who in American Business. But they're on top of the new Forbes magazine list of hip-hop's cash kings. Forbes' Lea Goldman is on the beat.
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'I am sunlight, not moonlight'
Meet a woman who's trying to get Cambodia a piece of the action in the international silk trade. The silk empire she's stitched together is the biggest employer in her province. Rachel Louise Snyder reports.
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The official line: You're on your own
Treasury Secretary Henry Paulson and the head of the Federal Reserve bank in St. Louis had basically the same message today -- despite the market unease, there's no plan for government intervention. Bob Moon has more.
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Even a safe bet is harder to find
Worries about the usually safe investment in "commercial paper" -- short-term bonds companies float to run their operations -- are trickling through the markets. Moody's chief economist John Lonski explains.
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