Marketplace PM for August 24, 2007

Episode Description 

No recalls on bad investments

Thanks to the subprime mess, China now has its own problems with tainted imports. Its been buying products of the financial variety from American banks and brokers -- including big slices of mortgage-backed securities. Bob Moon reports on whether that could be a problem.
Posted In: Wall Street

Retailers try return policy on their stock

Things seem to be falling apart at the seams for some of this country's biggest clothing retailers. Ann Taylor posted a 27% decline in profits, and the Gap is cutting 2,200 jobs with sales down 5%. But both announced big stock buybacks. Why? Stacey Vanek-Smith found out.
Posted In: Retail, Wall Street

'I partied and I unlocked the iPhone!'

George Hotz, 17, has posted on his blog the instructions for how to fiddle with an iPhone so it can be used with a wireless carrier other than AT&T. Kai Ryssdal figured that was worth a conversation and called him up.

Putting new interest in payday loans

Check-cashing outlets pull in pretty good profits by offering short-term loans at what can be triple-digit interest rates. The FDIC wants the nations' 22,000 payday lenders to lower those rates -- and competition's the best way to do that. Mhari Saito reports.

Week on Wall Street

Stockbroker and business analyst David Johnson talks with host Kai Ryssdal about how the markets are adjusting to the credit crunch and what may lie ahead.
Posted In: Investing, Wall Street

It's time for a sit-down strike

Commentator Moira Manion works at a shop where she's on her feet eight hours a day. A few customers have told her she should sit down. She has a radical idea to make that point to her employer.
Posted In: Jobs

No, my lord, you may not rule the village

The days of the feudal system and its hierarchy of serfs and vassals collapsed in the 1600s. But one self-proclaimed lord of the manor in England is trying to bring those days back -- for a price. Stephen Beard reports.

Looking good, America! . . . Er, wait

Today's reports say new-home sales are up 2.8% and U.S. factory orders nearly 6%. But, wait. Those are the numbers from July -- before the subprime debacle and the credit squeeze. Jill Barshay has more.
Posted In: Economy, Housing

Music from this show

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We've Come for Your Children
Strangers Almanac by Whiskeytown (1997)
Retrospective: The Best of Buffalo Springfield
Clap Your Hands Say Yeah
Clap Your Hands Say Yeah

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