09/29/05
Marketplace PM for September 29, 2005
Episode Description:
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Poverty: a divider
This week, Marketplace is asking: Does poverty serve anyone's interests? And if so, whose? Commentator and Jesuit priest Gregory Boyle says poverty serves to divide but not to conquer.
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Ford pares parts vendors
Ford buys $90 billion of brakes, bumpers, and other parts every year from more than 2,000 manufacturers. Today, it announced streamlining plans to and cut suppliers in half. John Dimsdale reports.
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Giving to Katrina victims
The American Red Cross has brought in almost $1 billion in Hurricane Katrina donations. But alongside the congratulations comes some criticism. Tess Vigeland looks at whether the Red Cross could share the bounty.
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The other disasterous Bayou
James Israel and Daniel Marino — the two founders the hedge fund Bayou — confessed today to cheating their clients out of hundreds of millions of dollars. Host Kai Ryssdal gets the story.
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No IPO for MLB
Major league baseball has been successful at getting people to pay for content on its website. But team owners have turned down a chance to capitalize on that profit. Diana Nyad talks to Kai Ryssdal.
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A fee here, a fee there
Credit card companies are getting creative with how they make money: it's in the fine print. Jeff Tyler pulls back the curtain on some credit card booby-traps that could take you by surprise.
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Entergy and its employees
Entergy, the power company, suffered more than a billion dollars in damage to plants and equipment in the recent hurricanes. Dan Grech reports on how far the company has gone to get its employees back to work.
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