04/09/08
Marketplace for Wednesday, April 9, 2008
Episode Description:
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Underground economy is booming
Best estimates are that about 15% to 20% of the world's economy happens off the books. Journalist Mischa Glenny takes a tour of the underground economy in his new book, "McMafia." He talks about it with Kai Ryssdal.
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Another nail in newspapers' coffin?
Every year more advertising moves online and away from newspapers. And now there's a website that's aiming to bury newspapers' business in death notices. Curt Nickisch reports.
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Iraq casualty: Your standard of living
The cost of the Iraq war is estimated at between $1 trillion and $3 trillion. But commentator Robert Reich says as big as that number is right now, it's going to hurt us more in the future.
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Making public employees more public
A new website is posting the financial disclosure records that federal government employees in senior positions are required to fill out. Jeremy Hobson reports.
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Are you better off than 4 years ago?
A new survey says most middle-class Americans are worse off financially today than they were four years ago. Kai Ryssdal talks with David Leonhardt of The New York Times about the squeeze middle-class families are feeling.
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American keeps canceling flights
American Airlines canceled more than 1,000 flights today for safety checks on its planes, as part of the FAA's recent crackdown on airline safety. Ashley Milne-Tyte reports on how much these cancellations will cost airlines and travelers.
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What's a bad loan go for these days?
Unconfirmed reports say Citigroup is close to selling $12 billion in loans, at a sizable loss, that it wants to get off its books. How much are bad loans worth and why would anyone buy them? Bob Moon reports.
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