Marketplace for Thursday, May 22, 2008
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The International Energy Agency says operating oil fields around the globe are pumping as much black gold as they can. Yet, there are numerous fields untapped. John Dimsdale reports on why oil companies haven't drilled into them.
Just a month ago Ford executives were predicting a return to profitability by the end of this year. But the company now says it's going to have to cut production, and it isn't sure when it might return to black ink. Alisa Roth reports.
To get the subprime mess off its books, the Swiss bank UBS is selling $15.5 billion-worth of mortgage-backed securities to private investment firm BlackRock. And it's lending BlackRock $11 billion to do it. Ashley Milne-Tyte reports.
Rescue and rebuilding efforts from the China earthquake have prompted such a strong response from volunteers and donors in the country that many are wondering whether a new interest in private philanthropy will develop out of the tragedy. Jamila Trindle reports.
What drives an otherwise bright and ambitious young person to become an economist and subject himself to a life of deciphering regression analyses and using words like "resource allocation"? Faress Bhuiyan says, for him, it's personal.
This holiday weekend Americans are going to be taking to the roads and the skies in large numbers. But some of us are getting a little more green-minded about how we travel for vacation. Christy George reports.