08/07/07
Marketplace PM for August 7, 2007
Episode Description:
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Fed's words speak louder than action
The Federal Open Market Committee held interest rates steady at 5.25% today. But as is usually the case of late, everybody was more interested in what the Fed had to say rather than what it did. Amy Scott reports.
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This credit crunch, too, shall pass . . .
The Fed made no mention of doing anything about the shakiness in the economy. Greg McBride from Bankrate.com spoke with Kai Ryssdal about the Fed's statement.
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Emergency network fixes not dialed in
Sprint Nextel and the FCC agreed a couple of years ago that the cell-phone provider would spend $5 billion to fix problems in the nation's emergency radio network. But it's been a tougher job than expected. Lisa Napoli reports.
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Putting tourists on the battlefields
The 150th anniversary of the Civil War's start is four years away, but states that were in the thick of the fighting are planning now to cash in on what they hope will be a boom in tourism. Blake Farmer reports.
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They clicked on that 'Contact' link
We received comments from listeners on, among other things, H-1B visas, lead paint on toys, Internet advertising and a David Frum commentary. Hear what some of your fellow listeners had to say.
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Warner Music goes on the road
Warner Music posted a greater-than-expected quarterly loss today, and its shares fell about 3%. But the music label is fighting back. Music industry consultant Ted Cohen gives the details to Kai Ryssdal.
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Wheat cost turns up heat on Italian pasta
The price of durum wheat, which Italians insist on using for their pasta, is at a level not seen in years. Megan Williams reports that Italians will swallow the increase, but it won't go down easy.
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