PODCAST: Dow highs, Chavez’s legacy
The Dow posted another record high this morning. What is Hugo Chavez's economic legacy? And BNSF Railway is announcing that it’s trying a new experiment — running some of its locomotives on natural gas this year, instead of diesel.
The Dow posted another record high this morning. The surge came on the heels of a new report from the payroll processing company ADP, which showed that private employers added 198,000 jobs in February. Tomorrow, the Labor Department releases its February jobs report.
In Venezuela, some are mourning, and some are not, for Hugo Chavez, the country’s polarizing president, who died yesterday. Supporters see him as a champion of the poor. Critics say he ruined the country’s economy. Chavez’s economic legacy is a mix of both.
BNSF, a freight railway, hauls things like grain and oil from North Dakota. Now, ironically, its trains may use natural gas to haul that oil. The reason? Gas is cheap, but how cheap?
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