Marketplace PM for February 9, 2006
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.
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.
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.
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.
Posted In: Canada, Health
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.
Posted In: Health
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.
Posted In: Economy
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.