Segments From This Episode

• A prime year for new business terms

  by Kai Ryssdal

  Although the word "subprime" could be found in the dictionary, it wasn't a part of common lexicon until this year. Host Kai Ryssdal talks to Joe Pickett, executive editor of the American Heritage Dictionary, about business terms that came into their own in 2007.

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• EMI owner taking hands-on approach

  by Marketplace Staff

  The new owner of record label EMI, private-equity firm Terra Firma, reportedly has decided to clamp down on costs and control time-honored, recording-industry practices that haven't always been tied to company goals. Amy Scott reports.

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• Lights go out at the FEC

  by Nancy Marshall-Genzer

  As the falling ball lights Times Square tonight, the lights will effectively be going out at the Federal Election Commission. The FEC is going to start the New Year with only two commissioners, and six are needed to stop candidates from bending the rules. Nancy Marshall Genzer reports.

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• Law puts Arizona economy on the fence

  by Dan Grech

  In Arizona an estimated 1 in 10 workers is undocumented — double the national average. It's also the reason the nation's toughest demand-side immigration law will go into effect there Jan. 1. The law could become a national model, if the state doesn't go bankrupt first. Dan Grech reports.

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• iPhone led 2007’s hand-held boom

  by Lisa Napoli

  Apple's iPhone is at the top of almost everyone's Gadgets of the Year list. Marketplace's Lisa Napoli and host Kai Ryssdal discuss its impact in their look back at the year of the phone.

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• China managers have decisions to make

  by Marketplace Staff

  China has become a manufacturing powerhouse, but when it comes to producing management talent it still relies on imports from the United States. Bill Marcus reports.

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• China levies new tax on grain exports

  by Bob Moon

  The Chinese government is ringing in the New Year by ringing up new taxes on grain exports. Bob Moon reports on what the tax means for global food costs.

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