Marketplace for Wednesday, July 2, 2008
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Segments From this episode
The end of the beginning
With billions more in writedowns expected from Merrill Lynch and other financial firms, analysts are beginning to agree we may have a long way to go before we're clear of the shadow of the credit crisis. Ashley Milne-Tyte reports.
Microsoft still searching for Yahoo
Apparently, Microsoft's not used to rejection. Despite being rebuffed, the computer giant is still looking for a way to get a piece of Yahoo's search market. Stacey Vanek-Smith reports.
Wal-Mart looks local to save on shipping
The mega-retailer is set to become the nation's largest buyer of locally grown produce with a promise to purchase $400 million worth of crops from local farmers. Sam Eaton reports.
An economy gone to the dogs
People aren't the only ones hurt by the weak economy. As finances get tighter, animal shelters are filling up with the pets that owners can't afford to take care. Jeremy Hobson reports.
Banks brace for Basel II
Financial regulators are proposing stricter capital guidelines for banks to prevent risky investments from causing another meltdown. Amy Scott reports.
Congress's summer job: The economy
The economic stimulus was just a drop in the bucket. If Congress really wants to get the economy back on its feet, commentator Robert Reich has some summer homework for them.
Welcome to debt!
With consumer confidence at an all-time low, it's time to get used to the status quo. Host Bob Moon talks to author Barbara Ehrenreich about preparing for the realities of the current economy.
Music from the episode
If You Leave Orchestral Manoeuvres In The Dark
Rippin Kittin Golden Boy with Miss Kittin
Lullaby + Exile M. Ward
Loud Pipes Ratatat