Marketplace for Tuesday, July 21, 2009
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TARP watchdog Neil Barofsky estimates that the $700 billion stimulus could end up costing taxpayers $23.7 trillion in the long run. But response from lawmakers, bankers and bloggers have been skeptical of his massive estimate. Steve Henn reports.
The name of the Build America Bonds (BAB) program implies that it's all about building roads and schools and things that ordinary taxpayers use. Shaky insurers have stalled the bond market, but government-backed Build America Bonds can help. Sally Herships reports.
Fluctuating gas prices haven't caused too much change in the way we view energy. But if gas prices rise to $6, $10, or $12 per gallon, author Chris Steiner says the effects would change everything from the way we drive to how we shop.
Will the cap-and-trade system reverse climate change or create corporate welfare? Commentator Glenn Hubbard thinks the House made a fatal error in its proposed climate change bill and should go back to the drawing board.
A small team of researchers with the University College London is making a list of every British company that had historic links with the slave trade. The team has already made a couple of uncomfortable discoveries. Stephen Beard reports.