Marketplace PM for June 22, 2007

Episode Description 

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.
Posted In: Investing, Taxes, Wall Street

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.
Posted In: Entertainment

Pork: True in the '30s, true today

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.
Posted In: Washington

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.

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.
Posted In: Investing, Wall Street

A date with good luck?

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.
Posted In: Retail

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.
Posted In: Entrepreneurship, Retail

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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Under the Skin
Flash Gordon (Soundtrack)

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