02/09/06
Marketplace PM for February 9, 2006
Episode Description:
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AIG's big settlement
The American International Group Inc. agreed to pay $1.64 billion today to settle allegations of deceptive accounting practices. The settlement is one of the largest regulatory settlements in history.
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DeLay finds a new role
Former House Majority Leader Tom DeLay has been awarded a seat on the House Appropriations Committee. DeLay will occupy the seat formerly filled by California Republican Randy "Duke" Cunningham, who resigned after pleading guilty to accepting bribes. Hillary Wicai reports.
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Tesco crosses the pond
The British supermarket Tesco is preparing to enter the US. The company dominates the British market and plans to spend over $400 million a year to build small convenience stores in the US. Stephen Beard takes a look.
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Bird flu comes to Africa
Two more cases of bird flu have been confirmed in Nigeria. This comes a day after the first outbreak of the H5N1 virus was reported in Africa. There are worries that sub-Saharan Africa lacks the infrastructure to deal with a massive health crisis. Helen Palmer has the story.
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Going green with Gulf Coast rebuilding
Over 5 months after Hurricane Katrina devastated the Gulf Coast, debates continue on how to rebuild the region. Commentator Dan Reicher says there's a smart way to rebuild the Gulf -- a green way.
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The Ritalin Generation
Many of today's college students have grown up with a personal knowledge of ADD drugs. There's even a name for them: "The Ritalin Generation." Some students are abusing these medications, either for study aids or for a good time. Youth Radio's Michelle Jarboe reports from the University of North Carolina at Chapel Hill, where she says there is a thriving black market for ADD drugs.
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Contract with America
Jobless claims rose less than expected last week. Many economists say it's a sign the labor market is improving. But many workers have found that the traditional employee/employer relationship has broken down, and that they're having to work as contractors. Kai Ryssdal speaks to author and professor Stephen Barley about the new world of contract work.
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India's glittering stockpile
India is the world's largest consumer of gold. Its appetite for the precious metal doesn't appear to be waning either, even though gold prices recently hit a 25-year high. Once given, golden wedding presents and family heirlooms are rarely re-sold. In a country of over a billion people, this translates to a huge stockpile of wealth. Critics say this stockpiling is bad for the Indian economy. Miranda Kennedy reports from New Delhi.
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