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Latest Stories

Latest Stories

Cap-and-trade vs. "t-word" in California

Mar 20, 2008
California Gov. Arnold Schwarzenegger is working on a "cap-and-trade" plan to cut the state's greenhouse gases, compelling companies to buy and sell credits regulating potentially harmful emissions. But some environmentalists are skeptical of a market-based approach. Sarah Gardner reports.

Energy independence won't help us

Mar 20, 2008
The U.S. currently imports two-thirds of its oil needs -- even President Bush believes the nation is "addicted to oil." But commentator Jerry Taylor says that since importing oil is cheaper than producing it domestically, energy independence isn't a good idea, or even practical.

Pepsi juices up business in Russia

Mar 20, 2008
PepsiCo and its largest bottler have bought a majority stake in Russia's leading juice producer, Lebedyansky. Lebedyansky squeezed $800 million from the Russian juice market last year, and PepsiCo believes there's much more where that came from. Stacey Vanek-Smith reports.
Lebedyansky juice on a store shelf.
Commons.wikimedia.org

Sanctity of Islamic bonds questioned

Mar 20, 2008
Bonds called sukuks, designed to conform to Islamic rules forbidding interest on loans, have been popular investments the past few years. But now a leading scholar has cast doubt on whether the bonds are truly Islamic, prompting fears of a subprime-like meltdown. Stephen Beard reports.

Olympic sponsors sweat over politics

Mar 20, 2008
The Chinese crackdown on Tibet has been a major news story leading up to Beijing's 2008 Olympics. Now corporate sponsors who have contributed hundreds of millions are worried about the implications of the political unrest. Kai Ryssdal talks to Scott Tong in Shanghai, China.

Betting against Bear, winning big

Mar 20, 2008
Some Wall Street investors actually profited from the dramatic fall of Bear Stearns, gambling the investment bank's stock would plummet in value. Now there's an investigation into possible insider trading among some options traders. Ashley Milne-Tyte reports.

Bear crisis prompts call for regulation

Mar 20, 2008
In the wake of the Bear Stearns fire sale, Rep. Barney Frank, chairman of the powerful House Financial Services Committee, says the government should monitor and regulate risk in the financial sector -- an idea that makes Wall Street cringe. Jeremy Hobson reports.

For public good, not for profit.

Rate cut cools off commodities markets

Mar 20, 2008
There was a big boost in commodities markets when stocks took a beating earlier this week, but now commodities are starting to cool off. Those Fed rate cuts shored up the dollar, making commodities produced in the U.S. more expensive for foreign buyers. Alisa Roth reports.

Borders may be on its final chapter

Mar 20, 2008
Competition from online retailers like Amazon have hurt Borders profits enough for the book chain to consider going up for sale. Janet Babin reports a hedge fund supporting the store might end up buying it later.

A big stink over cow paddies

Mar 20, 2008
The EPA is considering changing the law that requires farmers to track the emissions of animal waste. But environmentalists say reporting these gases is necessary to keep them accountable. Nancy Marshall Genzer reports.