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Marketplace PM for May 3, 2005

Episode Description 

The Tao of floating currency

Speculation's been building that China will float its currency -- the Yuan -- on international markets. Economist Joseph Stiglitz says the move, even if it happens, won't have the effect that many expect.
Posted In: Canada

Oil exploration in coastal waters

Now that they've nearly managed to open the Alaska National Wildlife Refuge to oil and gas exploration, energy companies have set their sights on a new target: America's coastal waters. For about 20 years there's been a moratorium on most coastal drilling. But now there are efforts in Congress to change that. Marketplace's Matthew Algeo reports.
Posted In: Science

British Election update

British Prime Minister Tony Blair and his Labour party face a general election on Thursday. After eight years in power, Blair is seeking a third term in office. His popularity has been severely dented by his role in Iraq... but as Stephen Beard reports from London, Blair will likely win the contest. The British economy and his finance chief have ridden to his rescue.
Posted In: Canada

Computer security at Time Warner

Time Warner announced yesterday that personal data from 600,000 past and present employees had been compromised. It's a growing problem -- especially for banks that maintain credit card records. As Marketplace's Jeff Tyler explains, the liability blame game is starting to hit the courts.

Marketplace Letters for May 3, 2005

Today, host David Brown digs into the Marketplace mailbag and finds out what metaphors listeners use to describe how large a trillion dollars is.