Marketplace for Wednesday, May 21, 2008
Circulation and ad revenues aren't just declining at newspapers, they're plummeting. Thousands of reporters and editors have lost their jobs. So how are papers surviving? Alisa Roth reports.
Posted In: Investing, Wall Street
A computer glitch at the Moody's credit-rating service reportedly gave a complicated kind of mortgage-backed security the coveted AAA rating when it should have been rated much lower. And Moody's kept it there for a year. Ashley Milne-Tyte reports.
More than three-quarters of companies now offer flex-time as a way to keep workers happy while maintaining the corporate bottom line. That's an increase of 10% from a decade ago, a study says. Nancy Marshall Genzer has more.
Why do some countries' economies grow and others don't? A World Bank commission says that, among other things, the ones that grow invest in their infrastructure. Commentator Robert Reich says that's what the United States ought to do.
The energy bill approved by the House includes a specific credit for biodiesel, which is promoted as a cleaner way to wean us off petroleum products. But there's a loophole that's giving the biodiesel subsidy a bad rap. Sarah Gardner reports.
Shortages of rice in Asia have forced Japan and several other big producers of the grain to reconsider their recent export bans. But will it help ease global markets? Sam Eaton reports.
Posted In: Travel
Reacting to higher fuel prices, American Airlines is retiring dozens of less fuel-efficient planes, laying off thousands of workers and charging passengers to check bags. Kai Ryssdal talks with former airline executive Howard Putnam about airlines' future.