Marketplace for Tuesday, April 9, 2013
Episode Teaser Image
After the JC Penney CEO switchout, we trace the pricing life cycle of an average piece of clothing, from factory to closet. Speaking of failure, the word is viewed differently on each coast: the west coast thinks failure fosters innovation, the east coast sees failure as...failure. How will Fisker's looming bankruptcy be perceived? Plus, Arizona is the second state to start using gold and silver as currency again. Do you have 25 cents in silver for a pack of gum?
Nathaniel Rich's new book, "Odds Against Tomorrow," explores financial crisis and natural disaster.
Posted In: JC Penney, Retail, clothing
Ron Johnson's ousting as CEO of JC Penney ends his bid to break retail's cycle of marking products up just to mark them down in sales. Shoppers rejected Johnson's strategy of keeping low prices instead of discounting.
Posted In: failure, fisker automotive
The Washington perspective is that failure is failure. The West Coast thinks failure leads to innovation. What does that mean for West Coast-based Fisker Automotive, which took stimulus funds from Washington?
Posted In: gold, currency, arizona
Arizona is deciding whether to start making gold and silver legal tender, just after Utah made the move. You won't be paying for groceries in gold coins, but how will it work?
Posted In: Aereo, television, streaming
TV executives at major broadcasters won't likely leave the free TV airwaves soon. But a company that grabs their signal and beams it to your iPad or computer has the networks in a tizzy.
Posted In: Silvio Berlusconi, Beppe Grillo, italy, Pier Luigi Bersani
No government emerges a month after Italy's last elections, markets seems to approve.
Posted In: NCAA
The 2013 NCAA men's basketball championship team from Louisville were told that going to see Louisville's women's championship game would be "an improper benefit."
Music from this show
Click below to purchase songs from this show through our Amazon affiliate.