Marketplace PM for August 9, 2007

Episode Description 

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.
Posted In: Investing, Wall Street

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.
Posted In: Economy, Housing, Washington

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.
Posted In: Housing, Investing, Wall Street

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
Posted In: Crime

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.
Posted In: Retail

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.
Posted In: Crime, Travel, Washington

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.
Posted In: Retail

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.
Posted In: Immigration

Music from this show

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Stop Making Sense: Special New Edition (1984 Film)
Idol Tryouts Two
Vessel States
Muy Divertido! (Very Entertaining)