08/23/06
Marketplace PM for August 23, 2006
Episode Description:
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Housing shows signs of not-so-soft landing
Numbers out today show that existing home sales tanked in July to their lowest level in two years. It's one of many signs pointing to a general slowdown of the economy. Bob Moon reports.
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BP showing its greener side?
Oil giant BP launched a Web site today that lets drivers donate money to offset their carbon dioxide emissions. The cash will go toward renewable energy projects. But is it sanctimony or selflessness? Sam Eaton reports.
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Tom Cruise as investment strategy
After 14 years Paramount Pictures has said it'll end ties with megastar Tom Cruise. His camp announced they'll finance future projects using hedge fund money. Jeff Tyler has the story.
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Still waiting for that trickle-down
President Bush last week touted economic growth and a shrinking deficit. But consumer confidence is at an all-time low. Treasury Secretary Henry Paulson calls this disconnect "the $64,000 question." Commentator Robert Reich has an answer.
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Eco-friendly small-town America
Small cities are demanding higher energy efficiency standards and not just in "green" pockets of the country like California or the Pacific Northwest. Sarah Gardner visits one such town, deep in the heart of Red America.
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Cutting North Korea's cash flow
The US is working to freeze North Korean bank accounts allegedly used in handling money the country gets from drug trafficking and other illegal activities. Host Kai Ryssdal talks with Stephen Mihm of the University of Georgia.
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War-torn Kabul's first 5-star hotel
The Taliban has regained a foothold in many parts of Afghanistan, and security has worsened. But amid the violence, a few determined investors have given life to Kabul's first luxury hotel — and a symbol of hope. Miranda Kennedy reports.
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