Marketplace for Tuesday, Jan. 22, 2008
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Segments From this episode
Ben Bernanke and the Federal Reserve got up early this morning, had a look around and didn't like what they saw. The central bank cut its main interest rate three-quarters of a percent -- the biggest whack it's taken in 25 years. And another cut may be coming next week. Bob Moon reports.
Kevin Flanigan at Morgan Stanley tells Kai Ryssdal that the reduction in the federal funds rate means consumers can expect lower interest rates for mortgages and loans, but it may take several months.
A company called 23andMe is now offering a direct-to-consumer genetic testing service. For $999 it will give you a detailed analysis of your DNA. But might that be the very definition of too much information? Ashley Milne-Tyte reports.
Blue Cross Blue Shield of Massachusetts is trying a new way of paying hospitals and doctors. Instead of paying for every hospital visit and surgery, the insurance giant is offering a flat, annual fee per patient. Stacey Vanek-Smith reports.
Second Life was supposed to be the next, great Internet space. But the virtual universe has been shrinking. It's even suffered some big, virtual bank defaults. Janet Babin reports.