08/09/07
Marketplace PM for August 9, 2007
Episode Description:
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Credit crunch puts squeeze on Europe
A major French bank, BNP Paribas, announced it was suspending three of its asset-backed securities funds, due to the squeeze the subprime mortgage debacle has put on the U.S. credit market. Stephen Beard in London explains the impact on markets across the pond.
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Bush not pumped about gas tax
At a news conference, President Bush made it clear what he thinks of a higher gas tax to fix the nation's infrastructure. He also fielded a larger-than-usual array of questions about the state of the U.S. economy.
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Betting against subprime lenders
Some people have been "shorting" the companies that created and financed the subprime mortgage debacle. Steve Tripoli has been asking whether there's still time for a profitable bet against the architects of subprime.
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Johnson & Johnson is a little cross
Johnson & Johnson is suing the American Red Cross over its commercial use of the symbol they've shared for more than 100 years. Jeremy Hobson reports
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Campbell is no longer sweet on Godiva
Campbell, the soup company, is putting its Godiva Chocolates brand up for sale. The company's decided the Belgian-style chocolatier is a little too indulgent for its new emphasis on healthy foods. Ashley Milne-Tyte reports.
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Screening plan hits turbulent reaction
The Department of Homeland Security issued a revised Secure Flight passenger screening program today. And privacy rights advoctates were quick to respond. Bob Moon reports.
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Did you use that gift card or rebate?
Retailers are using gift cards and rebates to prompt us to buy. And, as commentator Ian Ayres points out, they're profiting from the fact that many of us won't use those cards and rebates.
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Welcome to 'Westonzuela'
Florida, the Cuban capital of the United States, is making room for a new Latino group -- Venezuelans fleeing the rule of President Hugo Chavez. Dan Grech reports on what the influx means for the state's economy.
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