06/22/07
Marketplace PM for June 22, 2007
Episode Description:
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Private equity may have tax bill coming
With The Blackstone Group going public today, Kohlberg Kravis Roberts may be next. But Congress is looking into how private-equity earnings are taxed. So how can anyone know what the companies will be worth? Steve Tripoli reports.
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Competition for Paris interview is hot
TV networks that offered to pay Paris Hilton for an exclusive post-jail interview have apparently backed away from their plans due to negative reaction. Jill Barshay reports on what the networks could reap in ad sales for the interview.
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Pork: True in the '30s, true today
Jun 22, 2007
This week the House Appropriations Committee approved $153 million worth of legislative earmarks. Commentator Amity Shlaes says such funding certainly isn't new. There's a lot of history behind the pork barrel.
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NYC to close schools for pregnant teens
New York City is shutting down a system of temporary, alternative programs for pregnant teenagers. The city and other districts say the schools no longer serve their intended purpose. Alisa Roth reports.
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Week on Wall Street
Kim Clark, personal finance columnist for U.S. News and World Report, discusses with host Tess Vigeland what happened on Wall Street this week and what may lie ahead.
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A date with good luck?
Jun 22, 2007
Lots of people seem to be excited about July 7, 2007 and its ties to lucky 777. But companies in search of the Asian consumer have an even bigger day to look forward to: 8/8/08. Lenora Chu reports.
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Let them eat sheet cake
Susan Lobsinger has been baking wedding cakes for 30 years. But now she's also renting them. She talked with Tess Vigeland about what appears to be her tiered recipe for success.
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I'm thinking . . . change the channel
Hitachi has new technology that lets you operate electronics without lifting a finger. Rico Gagliano looked into how it works, including some of its remote possibilities.
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