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Marketplace for Tuesday, July 15, 2008

Episode Description 
Marketplace for Tuesday, July 15, 2008

Venezuela squandered oil opportunities

Taking another look at the oil industry's affect on price hikes, host Kai Ryssdal discusses the problems President Hugo Chavez has caused for Venezuela's once impressive oil companies.
Posted In: Oil

Carter's oil crisis warning went unheard

Twenty-nine years ago today, President Jimmy Carter told Americans that the energy crisis was "a clear and present danger to our nation" and drew out a plan to address it. Sustainability reporter Sam Eaton asks what happened.
Posted In: Economy, Oil

Are scalpers a dying breed?

Selling tickets at the last minute for an inflated price has been moving from the stadium parking lot to Internet sites like StubHub. Nancy Farghalli talks to scalpers outside Dodger Stadium in Los Angeles.

Africa benefits from commodity costs

For most of the world, the soaring costs of raw materials, such as copper, steel and timber, are an economic burden. For Africa, they can be a blessing. Commentator Edward Miguel tells us why.

Millions believed stolen from Zimbabawe

While looting continues in already plundered Zimbabawe, a search is on for the millions of dollars believed to have been funneled out of the country. Stephen Beard reports.

Rubbermaid shrinking its product line

Rubbermaid, the company that makes those see-through food containers you can never find the lids for, is going to phase out some products and raise prices on others. Ashley Milne-Tyte reports on the cost-saving measures.
Posted In: Oil, Retail

GM to cancel dividends, cut more jobs

The struggling automaker is cutting costs by $10 billion, laying off white-collar workers and getting rid of health-care benefits for salaried retirees. Alisa Roth reports on what GM's CEO calls a "focus on liquidity."
Posted In: Auto, Economy, Jobs

Bernanke, Paulson defend rescue plan

The Treasury Secretary and Fed Chairman faced heated questioning at a Congressional hearing today, as they laid out the government's plan to shore up Fannie Mae and Freddie Mac. John Dimsdale reports.
Posted In: Economy