Marketplace for Wednesday, April 16, 2008
Apr 16, 2008

Marketplace for Wednesday, April 16, 2008


Segments From this episode

Dow's happy bank losses aren't worse

Apr 16, 2008
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.

The new kings of Wall Street

Apr 16, 2008
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.

Report: Merck writers did Vioxx papers

Apr 16, 2008
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.
A pharmacist holds up a bottle of the arthritis drug Vioxx.
Spencer Platt/Getty Images

Hoarding threatens global food market

Apr 16, 2008
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.
Rice that has not yet been milled is shown while drying in a warehouse in Thailand.
Paula Bronstein/Getty Images

Tough time to be an American in Paris

Apr 16, 2008
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.

Bush sets date for greenhouse-gas cap

Apr 16, 2008
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.

It's time to study the value of college

Apr 16, 2008
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.

Is China free from U.S. economic woes?

Apr 16, 2008
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.

Music from the episode

Days To Come Bonobo, Bajka
Brother The Organ
Blue Boy Orange Juice
The Jump Off Lil' Kim