02/27/08
Marketplace for Tuesday, February 27, 2008
Episode Description:
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Giving elephants good memories
Domesticated elephants had been used to lug timber in Thailand until the country banned logging. Now a philanthropist has created a new home for the pachyderms that's also a tourist destination. Jocelyn Ford reports.
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Cargill pauses plans for ethanol plant
Cargill is suspending construction of a $200 million ethanol plant outside Topeka, Kan. The agribusiness giant says market conditions for ethanol are deteriorating. Jeremy Hobson reports.
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Jack Daniel's master distiller retires
After 40 years with the company, Jimmy Bedford is retiring from his position as the master distiller for Jack Daniel's. Kai Ryssdal talks with him about how he helped make the signature whiskey.
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Proceed with caution in this economy
Some economists and pundits have said we should spend our way out of the current economic slowdown. But commentator and economist Susan Lee says it was that same worry-free attitude about buying that got us into the housing crisis in the first place.
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Are Microsoft's EU troubles over?
Years of fighting over Microsoft's failure to obey a 2004 antitrust order have finally ended with European Union regulators fining the company a record $1.3 billion. Kai Ryssdal talks to Stephen Beard about whether the fine will repair Microsoft-EU relations.
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Another rate cut ahead -- maybe
Ben Bernanke went to Capitol Hill to once again express the critical state of the economy. He signaled that the Fed is still deciding whether to cut interest rates. Kai Ryssdal has more.
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Foreclosures hit home for renters too
Homeowners are not the only victims of the subprime mortgage crisis. Many renters are being evicted from homes and apartments going through foreclosure. Monica Brady-Myerov reports.
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Freddie & Fannie lose their caps
Federal regulators for the mortgage securitizers Fannie Mae and Freddie Mac are lifting restrictions on the growth of their mortgage holdings. The caps had been put in place as a response to accounting errors in both companies. Nancy Marshall Genzer reports.
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