Marketplace for Wednesday, April 16, 2008
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Segments From this episode
After JPMorgan and Wells Fargo announced big drops in 1st-quarter profits today their shares promptly shot up and the Dow jumped for joy. Why? The numbers actually met or exceeded expectations. Bob Moon reports.
A new survey of hedge-fund managers shows the top five made more than $1 billion a year each -- even as the housing and credit markets fell down the rabbit hole. Jill Barshay reports.
An article in the Journal of the American Medical Association claims some of Merck's academic reports on the arthritis drug Vioxx were written by company employees, and doctors were paid to put their names on the research. Stacey Vanek-Smith reports.
Worries of a world food shortage led more countries this week to suspend grain exports. What will happen if nations keep hoarding supplies? Host Tess Vigeland asks Javier Blas, who covers the commodities market for the Financial Times.
The dollar has hit another low against the euro. For Yanks living abroad the dollar's freefall demands a whole new mindset, as Eleanor Beardsley reports from Paris.
President Bush is calling for government limits to stop the growth of carbon dioxide emissions by 2025. While he has resisted curbs on the burning of fossil fuels, Bush is now jumping on board a trend that has lots of momentum. John Dimsdale reports.
College education costs continue to soar at the same time studies show college graduates getting paid less. Commentator David Frum says Americans should re-examine the real value of a college degree in today's economy.
China reported today its economy grew 10.6% in the 1st quarter, which may seem red hot, but it was 11.9% last year. So is China catching America's subprime cold? Or is it immune? The answer has big implications for the global economy. Scott Tong reports.