Marketplace®
Every story is an economic story
  • Apr 26, 2008

    Letters

    by Tess Vigeland
    Mailbag
    iStockPhoto

    Tess reads your letters. This month: Greenspan bashing, walking away from mortgages, a bad night in Vegas and revisiting the "magic age."

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  • Apr 26, 2008

    The downside of DIY travel

    by Marketplace Staff

    The Internet lets us manage our own travel plans, but it's not always that easy or cheap. Tess asks Scott McCartney when it's best to leave things to the professionals.

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  • Apr 26, 2008

    Hitchin’ a ride online

    by Brendan Francis Newnam

    Life's tough for the carless and gas prices are stinging car owners. Brendan Newnam learns how both sides can get a bargain by turning to Craigslist.

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  • Apr 26, 2008

    Day in the Work Life: Salon owner

    by Marketplace Staff

    On this week's "A Day In the Work Life," we meet Deb Cage, a hairdresser with a unique salon that helps those for whom a haircut is usually out of reach.

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  • Apr 26, 2008

    Getting Personal

    by Chris Farrell and Tess Vigeland
    Getting Personal
    Marketplace

    In this edition of Getting Personal, Chris and Tess talk about property values, dealing with a collection agency, savings bonds and switching life insurance.

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  • Apr 26, 2008

    Steering clear of the bookstore

    by Jill Barshay

    The average college textbook bill is pushing $1,000 a year. Jill Barshay tells us how students and professors are dodging high prices.

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  • Apr 26, 2008

    A tough lesson in the lending industry

    by Stacey Vanek Smith
    A graduation cap with money symbolizes student loans
    iStockPhoto

    Student loan rates may reset to new lows in July, but as Stacey Vanek-Smith explains, deciding to consolidate now or after the rate change involves rolling the dice.

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  • Apr 26, 2008

    Straight Story: Stripping down

    by Chris Farrell

    Mortgage companies may not want to hear it, but economics editor Chris Farrell has an idea to help fix the housing crisis. Chris sets the story straight on strip-downs.

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  • Apr 26, 2008

    Let cooler heads prevail

    by Marketplace Staff

    In this time of uncertainty, Tess turns to financial heavyweight John Bogle for some common sense advice on weathering this economic storm.

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  • Apr 26, 2008

    The bottom line? Lighten up a bit

    by Kai Ryssdal

    In their new book, "The Levity Effect," Adrian Gostick and Scott Christopher contend that having a sense of humor in the office can actually help the bottom line. They shared that view with Kai Ryssdal.

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  • Apr 26, 2008

    CBS Outdoor expands in South America

    by Dan Grech

    Billboard and other outdoor advertising is the fastest growing division at CBS. And just this week the company spent $100 million to expand in South America. Dan Grech reports.

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  • Apr 26, 2008

    Week on Wall Street

    by Kai Ryssdal

    Stockbroker and business analyst David Johnson chats with host Kai Ryssdal about what happened on Wall Street this week and what may lie ahead.

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  • Apr 26, 2008

    Gay bars adjusting to a new reality

    by Stacey Vanek Smith
    The Abbey in West Hollywood, Calif. on New Year's Eve
    abbeyfoodandbar.com

    Fortune Magazine's recent list of 10 businesses facing extinction includes record stores, crop dusting, telemarketing and . . . gay bars? That one caught our eye because gay business in general is booming. Stacey Vanek-Smith checked it out.

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  • Apr 26, 2008

    Texas gov seeks relief on ethanol rules

    by Kai Ryssdal

    Texas Gov. Rick Perry is asking the Bush administration to waive some federal requirements for renewable fuels that he says are hurting his state and adding to rising food prices. Kai Ryssdal gets reaction from Joseph Romm of the Center for American Progress.

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  • Apr 26, 2008

    Gucci seeks to mix with the masses

    by Jill Barshay

    Luxury brands usually don't suffer much when the economy tanks. But Gucci is struggling and making a big shift to cheaper down-market goods. Meanwhile, Louis Vuitton is growing like gangbusters. Jill Barshay reports.

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  • Apr 26, 2008

    Will Microsoft get rough with Yahoo?

    by Alisa Roth

    Microsoft CEO Steve Ballmer has a big decision to make this weekend — how hostile he wants his bid for Yahoo to be. Microsoft set Saturday as a deadline for Yahoo to accept its $44 billion offer. Or else…? Alisa Roth reports.

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  • Apr 26, 2008

    Congress looks for brakes on gas prices

    by John Dimsdale

    With the summer driving season looming, congressional leaders are lining up to ease the pain at the pump. But what can they do? John Dimsdale reports.

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  • On this week's Marketplace Money, Chris and Tess answer questions about rising property values, dealing with a collection agency, transferring…

  • Apr 25, 2008

    Saturday is Yahoo’s deadline

    by Marketplace Staff

    Tomorrow is the day CEO Steve Ballmer said Microsoft would make a hostile bid for Yahoo, if Yahoo didn't accept Microsoft's buyout offer. Yahoo has indicated the offer isn't high enough. Alisa Roth looks at the possibilities.

  • Apr 25, 2008

    Malaria’s toll in dollars and deaths

    by Gretchen Wilson

    Malaria kills more than a million people around the world every year, and most clinical cases are in Africa. On World Malaria Day, Gretchen Wilson talks about the disease, its effect on the continent and new efforts to control it.

  • Apr 25, 2008

    Tight economy could curb urban sprawl

    by Stacey Vanek Smith
    Cars, taxis and trucks sit morning rush hour traffic in Midtown Manhattan.
    Timothy A. Clary/AFP/Getty Images

    Higher gas prices and living expenses are cutting into the pros of living outside an urban area and commuting in to work. Stacey Vanek-Smith reports on how the economic downturn might affect urban sprawl.

  • Apr 25, 2008

    High stakes for military contracts

    by Marketplace Staff

    EADS, parent company of Airbus, and Boeing are in India trying to land a contract for an $11 billion fighter jet, the latest bruising battle the two companies have fought over military aircraft contracts. Mehul Srivastava reports.

  • Apr 25, 2008

    Spousal IRA

    by Chris Farrell

    Question: I am a 30 yr old man with a 9 month old son and a stay at home mom to take care of. I have started contributing to a Roth IRA this year….

  • Apr 25, 2008

    Survey: Who does more housework?

    by Marketplace Staff

    Do married women do more housework than their husbands? It can be a touchy subject, but a study by an economist at the University of Michigan has some statistics. Lisa Napoli talks with Frank Stafford about the study's results.

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  • Apr 25, 2008

    Can Murdoch buy Newsday or not?

    by Ashley Milne-Tyte

    The FCC rule allowing media companies to own both a newspaper and one TV or radio station was overturned by a Senate committee today. Ashley Milne-Tyte asks if the decision affects Rupert Murdoch's bid for Newsday.

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  • Apr 25, 2008

    For sale: A state lottery?

    by Nancy Marshall-Genzer

    Sixteen states are reporting budget shortfalls this fiscal year. More are expected to do so next year. The options? Make cuts or make money. Illinois, for example, might sell its lottery. Nancy Marshall Genzer reports.

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  • Marketplace Money for April 26-27, 2008

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  • Several multibillion-dollar hedge funds have disappeared in the past couple of weeks, without benefit of a bailout from the Federal Reserve or JPMorgan. Analysts say dozens more could be looking at the same fate. Stephen Beard reports from London.

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  • Apr 25, 2008

    Wall St. licking its chops over farm bill

    by Jeremy Hobson

    Congress today gave itself until next week to consider the $280 billion farm bill, which includes funding for food stamps, nutrition programs and subsidies for farmers over five years. Which means a little something for everyone. Jeremy Hobson reports.

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  • Apr 25, 2008

    Americans keep putting more in storage

    by Marketplace Staff

    There are about 2 billion square-feet of self-storage space for rent in this country. Almost 7 square-feet of storage outside the home for every man, woman and child — and demand is rising. Andrew Phelps decided to revisit his.

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  • Product recalls, from pet food to toys, have prompted calls for tighter import inspections. The House is considering a proposal to charge food and drug producers hundreds of millions of dollars to improve product safety. Dan Grech reports.

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  • Apr 25, 2008

    Now clothing costs are going up too

    by Sarah Gardner

    Just like food and energy, garment costs are going up. In fact, the increases are, in part, because of food and energy. Sarah Gardner unravels the cost of clothing.

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  • Target says it's had to write off a chunk of its outstanding credit-card debt. It's bad news for one of the country's biggest retailers, and worse for card holders who are discovering they can't pay what they owe. Jeff Tyler reports.

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  • Apr 25, 2008

    Senator: Time for Iraq to pay its way

    by Kai Ryssdal

    While Congress considering a supplemental spending request Iraq and Afghanistan, Nebraska Democrat Ben Nelson is among the lawmakers who say it's past time for the U.S. to stop paying for reconstruction. He talks with Kai Ryssdal.

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  • Apr 25, 2008

    Iraq amassing funds as oil flows

    by Kai Ryssdal

    Special inspector general for Iraq reconstruction Stuart Bowen has issued a report that says the country could net $70 billion in oil revenues this year — more than enough for Baghdad to begin paying its own way. He talks with Kai Ryssdal.

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  • Apr 24, 2008

    Ford’s surprise: a quarterly profit

    by Marketplace Staff

    The automaker beat the odds today, posting a net income of $100 million. Strong sales in Europe and South America, and employee buyouts are cited as contributing factors. Jill Barshay reports on the turnaround.

  • Apr 24, 2008

    TV sweeps after the writers’ strike

    by Marketplace Staff

    Tonight, you'll start to see new episodes of popular shows on television. That's right, despite what it says on the calendar, today is the beginning of May sweeps. Marketplace's Jeff Tyler brings us up to speed.

  • Apr 24, 2008

    Ford posts a quarterly profit

    by Jill Barshay

    The automaker bucked the odds today, posting a net income of $100 million. Strong sales in Europe and South America, and employee buyouts are cited as contributing factors. Marketplace's Jill Barshay reports on the surprising news.

  • Apr 24, 2008

    Flour prices rise, bakery profits fall

    by Marketplace Staff

    The cost of flour has almost tripled for some bakeries, leaving owners with the uncomfortable option of raising prices and possibly losing customers at the same time. Ashley Milne-Tyte visits bread makers in New York.

  • Switzerland's second-largest bank is writing off $2 billion for the first quarter. But then again, UBS, Switzerland's biggest bank, lost $37 billion. Reporting from London, Stephen Beard looks into possible cautious optimism for Credit Suisse.

  • Apr 24, 2008

    Ford to post quarterly earnings today

    by Jill Barshay

    America's hunger for energy-efficiency cars isn't doing much for auto makers whose lineups favor pickup trucks and SUVs. One of those, the Ford Motor Company is expected to report a fourth-quarter loss today. Jill Barshay reports

  • Apr 24, 2008

    Making Italian salami in Nanjing

    by Marketplace Staff

    The newest wave of entrepreneurs in China is foreigners. Like Matteo Gonella, who's introducing the Chinese to salami by making it in his factory there. Jamila Trindle looks into how such business pioneers are doing.

  • Apr 24, 2008

    Canceling Credit Cards

    by Chris Farrell

    Question: I would like to cancel some of my credit cards that I no longer use. I'm concerned about identity theft, and about fees charged on cards…

  • Apr 24, 2008

    Vegas gambles on downtown upgrade

    by Marketplace Staff

    Here we are in an economic downturn and, in Las Vegas today, workers are breaking ground on infrastructure for a $6 billion project that includes residential space. Jeremy Hobson asks why that's not a bad idea.

  • Apr 24, 2008

    House redefines small business

    by Nancy Marshall-Genzer

    A House bill, passed late last night, now allows venture capitalists to invest in up to 49.1 percent of a small business. Nancy Marshall Genzer looks into how the change affects competition for government contracts.

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  • Marketplace Morning Report for April 24, 2008

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  • Apr 24, 2008

    If demand is down, why aren’t prices?

    by Ashley Milne-Tyte

    The nationwide average price for a gallon of gas is now $3.53, and there's not much doubt it's going to hit $4 soon enough. But the Energy Department says gasoline demand is actually lower than a year ago. So what's going on? Ashley Milne-Tyte reports.

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  • Apr 24, 2008

    Saudis slow to accept working women

    by Kelly McEvers

    To reduce its dependence on foreign workers, Saudi Arabia's government is hiring more women and encouraging the private sector to do the same. But change isn't coming easily. Kelly McEvers reports from Riyadh.

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  • Apr 24, 2008

    It’s good Social Security didn’t change

    by Marketplace Staff

    When the economy and the stock market were humming right along, a lot of people thought it might be a good idea to invest Social Security funds in the market. But commentator Robert Reich says we're lucky we didn't.

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  • Apr 24, 2008

    Those Mac users think they’re so cool

    by Andrea Gardner

    A new marketing study has found Mac owners tend to think they're more extraordinary than the average Joe. They're also more likely than PC users to whiten their teeth, drive hybrids, drink Starbucks coffee and eat organic food. Andrea Gardner reports.

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  • Apr 24, 2008

    Rice crisis is ‘as bad as it has ever been’

    by Marketplace Staff

    The price of rice is up 146% over a year ago. It's become expensive for Americans and dangerously scarce for the world's poorest consumers. Public policy professor Per Pinstrup-Andersen talks with Kai Ryssdal about the scarcity of the world's main grain.

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  • Apr 24, 2008

    Genetic testing’s future rests on bill

    by Stacey Vanek Smith
    A lab technician loads DNA samples onto a gel while searching for variations in genetic samples that would point to someone's susceptibility to lung, prostate, breast and colo-rectal cancer at the UCSF Comprehensive Cancer Center in San Francisco.
    Justin Sullivan/Getty Images

    The U.S. Senate is expected to take up a bill that would outlaw "genetic discrimination" — cutting someone's insurance or job based on test results that show a predisposition for a disease. Stacey Vanek-Smith reports.

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  • Apr 24, 2008

    Delta-Northwest merger up in the air

    by John Dimsdale

    Delta and Northwest airlines lost $10.5 billion in the first quarter, with jet fuel costs a big chunk of that. The two companies are hoping to merge, but first they have to persuade antitrust officials. John Dimsdale reports.

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  • Apr 24, 2008

    Warehouse stores limiting rice sales

    by Sarah Gardner

    Sam's Club, Wal-Mart's warehouse retailer, has joined Costco in limiting sales of some rice to four bags per customer. Sarah Gardner reports on rising food prices and consumer habits.

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  • Apr 23, 2008

    Sustainability and Debt

    by Chris Farrell

    I think America's embrace of household debt is on the wane for a number of reasons. Among the most important reasons is that lenders have learned…

  • Apr 23, 2008

    The Decline in Economic Mobility

    by Chris Farrell

    Most Americans are well aware that we have greater poverty here than in Europe. We don't redistribute as much money from the well-off to the poor….

  • Apr 23, 2008

    Money Market Savings Accounts

    by Chris Farrell

    Question: Chris — You mentioned money market mutual funds a couple times on last week's show. Are money market mutual funds the same as money…

  • Apr 23, 2008

    U.S. updates rules for foreign investors

    by Jill Barshay

    Security matters become the key issue in the Treasury Department's new rules for overseas investors. Companies involved in defense or homeland security are most likely to be scrutinized. Jill Barshay reports.

  • Apr 23, 2008

    An idea for Jerusalem’s housing crunch

    by Marketplace Staff

    Every fifth apartment in Central Jerusalem is owned by someone from abroad, and many visit only on holidays and vacations. Hebrew University students want to rent them the rest of the time. Daniel Estrin reports.

  • Apr 23, 2008

    Italy trying to keep Alitalia in the air

    by Marketplace Staff

    The Italian government will loan Alitalia about half a billion dollars to prevent the troubled airline's collapse. But Alitalia is losing $1 million a day and facing ever higher fuel costs. Stephen Beard reports from London.

  • Apr 23, 2008

    Social Security backlog needs funding

    by Marketplace Staff

    Waits for disability benefit hearings now average 16 months. Today, Congress considers President Bush's request for $600 million to hire more judges and support staff. John Dimsdale reports from Washington.

  • Apr 23, 2008

    Correction

    by Marketplace Staff

    On Tuesday, we ran a story about the so-called "Millionaires' Amendment." That federal law allows congressional candidates to accept larger contributions if opponents finance their own campaigns. We reported Congressman Tom Reynolds of New York qualified for larger contributions under this rule. But he didn't qualify and he didn't accept higher donations. We regret the error.

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  • Apr 23, 2008

    Campaign politics and the food crisis

    by Marketplace Staff

    Food shortages and the subsequent spike in food prices have caused a U.N. program to stop providing meals to schools in three countries. Commentator Will Wilkinson says the U.S. political process contributed to the worldwide food crisis.

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  • Apr 23, 2008

    Delta union vote starts today

    by Ashley Milne-Tyte

    Government approval of a Delta-Northwest airline merger is pending, but today Delta Airlines flight attendants begin voting on whether to unionize. Ashley Milne-Tyte looks at what affect, if any, a union could have on the merger.

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  • Apr 23, 2008

    Rebates for home builders weighed

    by Jeff Tyler

    Today, Congress is considering extending a rule that would allow home builders to apply any current losses to tax returns up to four years back. That could set builders up for big rebates. Jeff Tyler has more.

  • Marketplace Morning Report for April 23, 2008

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  • Apr 23, 2008

    Airline losses spreading

    by Nancy Marshall-Genzer

    Delta Airlines and would-be partner Northwest both reported losses for the quarter. Their market values dropped, too. Earlier in the week, United posted a bad quarter. Nancy Marshall Genzer reports.

  • Apr 23, 2008

    Grain elevators hold on as prices go up

    by Marketplace Staff

    Crops such as corn and wheat have jumped 50% or more in price in the past year. Those prices are hitting everyone in the food chain, including a group stuck squarely in the middle — grain elevator operators. Adriene Hill reports.

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  • Apr 23, 2008

    Unlikely donors keep money flowing

    by Kai Ryssdal

    Contributions continue to grease the political skids in Washington. Jeanne Cummings of Politico tells host Kai Ryssdal that some of the key players in the subprime mess still have enough loose change to lobby for their causes.

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  • Apr 23, 2008

    Craigslist CEO keeps focus on service

    by Kai Ryssdal

    Jim Buckmaster isn't much interested in maximizing profits. The chief executive of Craigslist says the rapidly growing website's business model is all about the social good. He talks with host Kai Ryssdal in our latest Conversations From the Corner Office.

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  • Apr 23, 2008

    Boycott threats worry multinationals

    by Scott Tong

    China's government says it's ready to move past a proposed boycott of a major French retailer. But talk of boycotts has been making multinationals nervous, since they all want in on the massive Chinese market. Scott Tong reports.

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  • Apr 23, 2008

    New security measure comes with costs

    by Jeremy Hobson

    The Department of Homeland Security says it wants foreign visitors fingerprinted as they leave the U.S. from airports and seaports. It also says airlines and cruise lines would pay for the equipment, training and maintenance. Jeremy Hobson reports.

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  • Apr 23, 2008

    Murdoch adding to his stack of papers

    by Alisa Roth

    While most of the business world frets over the future of newspapers, Rupert Murdoch keeps buying them up. His NewsCorp is going after the Long Island paper Newsday for about $580 million. Alisa Roth reports.

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  • Apr 23, 2008

    Do new mileage rules go far enough?

    by Sam Eaton

    On a day when crude oil topped out just shy of $120 a barrel, the Transportation Department issued new fuel economy standards for cars and trucks — the first major changes to automobile mileage rules in 30 years. Sam Eaton reports.

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  • Apr 22, 2008

    New mpg standards proposed

    by Nancy Marshall-Genzer

    The federal government releases proposed fuel efficiency standards for new cars and trucks today. If enacted, the new standards would be the first change to the vehicle mileage rules in 30 years. Nancy Marshall Genzer reports.

  • Apr 22, 2008

    Saving for College

    by Chris Farrell

    Question: On average, we save about $1000 a month. $500 of it goes to a 529 college savings plan for our son (he's about two years old). $200…

  • Apr 22, 2008

    The DJIA Crossed 554,428. Say What?

    by Chris Farrell

    Warren Buffett's annual report is always a wonderful read, full of insight and investment wisdom. A number of people have talked to me about this…

  • Apr 22, 2008

    Harnessing power from the Congo River

    by Gretchen Wilson

    The World Energy Council meets in London today to work on plans for an $80 billion hydropower dam on the Congo River that could double the electricity available on the continent. Gretchen Wilson reports.

  • Apr 22, 2008

    The Decline in Consumer Spending

    by Chris Farrell

    The decline in consumer spending will drag on the economy for a considerable period of time, even when the economy emerges from recession. It's…

  • Apr 22, 2008

    U.K. looking at airport competition

    by Marketplace Staff

    London's Heathrow Airport has more to worry about than flight delays. The company that runs Heathrow also owns six other U.K. airports, and a British regulator is expected to press it to sell one off. Stephen Beard reports from London.

  • Apr 22, 2008

    Senate committee to grill SEC chair

    by John Dimsdale

    Today, Senate Banking Committee members are expected to take the chairman of the SEC to task for lax oversight of Wall Street credit rating agencies while those agencies were approving risky loans. John Dimsdale has a preview.

  • Michael Pollan's latest piece in the New York Times Magazine, "Why Bother?" tells us why we should bother….

  • Apr 22, 2008

    Handicapping millionaire campaigns

    by Nancy Marshall-Genzer

    Should candidates up against millionaires be allowed to raise more money than campaign finance laws permit? The U.S. Supreme Court hears arguments against the so-called "millionaires amendment" today. Nancy Marshall Genzer reports.

  • Apr 22, 2008

    Water worries in rural communities

    by Sam Eaton

    In Washington today, small-town water suppliers compete in an annual taste test. Sam Eaton from Marketplace's Sustainability Desk reports that the real battle in many rural communities is dealing with polluted sources.

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  • Apr 22, 2008

    Yahoo earnings out today

    by Stacey Vanek Smith
    Yahoo sign at the 3GSM telecoms industry trade show in Barcelona on Feb. 11, 2008.
    Josep Lago/AFP/Getty Images

    Today's edition of the Microsoft-Yahoo saga features quarterly earnings from Yahoo. If Yahoo comes out ahead, it has ammo against Microsoft's takeover bid. If not…? Stacey Vanek-Smith reports.

  • Marketplace Morning Report for April 22, 2008

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  • Apr 22, 2008

    Overseas customers keep earnings up

    by Alisa Roth

    Banks haven't been doing so well this earnings season, to put it gently. But a good number of companies, from drug maker Merck to toy maker Hasbro — have been doing well. What do they have in common? Customers overseas. Alisa Roth reports.

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  • Apr 22, 2008

    Global crises call for common efforts

    by Marketplace Staff

    Some of the world's poorest consumers in Africa and Asia have rioted recently over rising prices of wheat and rice. Economist Jeffrey Sachs, author of "Common Wealth," talks with host Kai Ryssdal about how more food riots and skyrocketing energy costs may be on the way.

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  • Apr 22, 2008

    Cheaper suppliers now come at a price

    by Marketplace Staff

    American businesses save tons of money buying parts and products from overseas suppliers. But sometimes they're buying worries, too — from tainted pet food to poisonous toothpaste — which have led some to work on ethical supply chains. Curt Nickisch reports.

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  • Apr 22, 2008

    French flock to film about a simpler life

    by Marketplace Staff

    A low-budget comedy movie in France with no big-name stars and little marketing is setting box-office records. Critics say the response to its feel-good message is a backlash against President Sarkozy's flamboyance, or to fears of globalization. John Laurenson reports.

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  • Apr 22, 2008

    Pensions are too risky to plan on

    by Marketplace Staff

    Commentator and economist Peter Lindert says that for all the talk about a Social Security crisis, the real problem is with private pensions and the risks they hold for retirement.

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  • It would stand to reason that countries with oil would be trying to increase production so they could cash in on the increasing prices. But that's not the case, as Jeff Tyler reports.

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  • Apr 22, 2008

    Ohio’s National City bank hit by crisis

    by Ashley Milne-Tyte

    Ohio-based National City bank, the nation's 10th largest, says it's going to be seeking $7 billion in new capital. It will be looking to private equity firms and hedge funds for help. Ashley Milne-Tyte explains how the mortgage crisis is moving to Main Street.

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  • Apr 22, 2008

    Green Cards and Social Security

    by Chris Farrell

    Question: I have 2 questions: 1: Is it true only US Citizens can collect SS when they retire; Green card holders do not qualify?…

  • Apr 21, 2008

    BofA earnings worse than expected

    by Marketplace Staff

    Bank of America's first-quarter earnings were expected to be disappointing, but analysts learned today that they were even worse than predicted. The subprime and credit crises are blamed. Nancy Marshall Genzer reports.