Marketplace PM for February 18, 2005
A report today shows wholesale prices going up 3/10 of a percent. This is not good news for a couple of reasons. First, if wholesale prices go up, consumer prices can't be far behind. Second, well...it has to do with interest rates. Investment advisor Gabriel Wisdom says we need to understand what the 'inverted-yield-curve' is.We were reluctant to go into this, but...well, We're gonna have to use language some Marketplace listeners may find offensive.
The American International Toy Fair opens in New York this weekend. It's a chance for toymakers to hawk their wares for next winter's holiday buying spree. If you're shopping for the seven to twelve year old set...the toybox looks a little thin on dolls and slinkys. Marketplace's Alisa Roth reports.
President Bush signed landmark legislation today to curb multi-million dollar class action lawsuits. Next up: proposals to revamp Social Security, restrict medical malpractice lawsuits, and overhaul taxes. Plan to follow who's proposing what and why? Commentator Jeffrey Birnbaum wishes you the best of luck.
This the biggest ski weekend of the year. Thank all those heavy storms that got the season off to a good start. But a few ski resort operators are bracing themselves for the worst. Sarah Efron reports on predictions of a lot less snow to go around.