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Marketplace: News Archives
Tuesday, September 10, 2002
(Jump to the rundown)
It's Tuesday, the 10th of September. I'm David Brancaccio.
The Bush administration said today there's a "high risk" of a terrorist attack over the Sept.11th anniversary. Although there is no specific threat against the mainland United States, Attorney General John Ashcroft says new, specific intelligence raises chances of attacks on U.S. interests somewhere in the world. The administration's color-coded alert system today was raised to its second-highest level, orange. While officials are urging Americans to go about their business, about two dozen diplomatic missions abroad were closed to the public today, and Vice President Cheney canceled a speech that had been set for tonight and left for secure points unknown. President Bush's schedule remains unchanged. We'll look at the effects of the current mood on air travel in a few minutes. Oil prices peaked over $30 for a while after concern was raised about attacks on tankers, but prices settled back down, with the benchmark crude oil futures price ending at $29.73 a barrel. On Wall Street, the Dow went from up to flat on that "orange alert," but prices recovered smartly by the end of the trading day, up 83 points, a gain of just under a percent. The NASDAQ went up 15 points, 1.2 percent. Some investors moved into what is seen as the relative safety of bonds, and the yield on the 10-Year T-Note went down to 4 percent even today. Did style expert Martha Stewart have inside info when she sold 4,000 shares of a company called ImClone right before bad news about the company came out? Cynthia Ingle reports from Capitol Hill that some lawmakers now think there's enough evidence for a Justice Department investigation.Ingle: "Martha Stewart refused to be interviewed by members of Congress. House Energy and Commerce Committee Chairman Billy Tauzin, of Louisiana, says there appears to be false statements in the written materials supplied by Stewart's lawyers. So, his committee is asking the Justice Department to investigate."
Tauzin: "We have come to the end of the road in regards to the matter dealing with Martha Stewart, and it is now up to the Justice Department to make judgments in the matter."
Ingle: "Stewart sold her ImClone shares the day before the biotech company disclosed that U.S. regulators had refused to review its cancer drug, Erbitux.
The Committee decided not to subpoena the doyenne of design. The reason, says Tauzin, is that the investigation into Martha Stewart's dealings is a sideshow to the real issues: whether the Food and Drug Administration is handling the fast-track drug approval process correctly. In Washington, I'm Cynthia Ingle for Marketplace."
Marketplace's series "Accounting for the Unaccountable:"
our look at how one event has redefined our values.
Empty Planes
In the days before the one-year anniversary of the largest act of terrorism
on American soil, many of the nation's airplanes are flying with only
a few passengers on board. Steve Tripoli reports from Boston's Logan Airport.
»Listen
in Real Audio 
9/11 Airlines
It took a $15 billion bailout by the federal government to save the U.S.
airline industry after 9/11, but, amid a steady stream of airline layoffs,
hard times for the industry are far from over. Marketplace correspondent
John Dimsdale looks at the current state of air travel.
»Listen
in Real Audio
Air Traffic Controller
Commentator Mike Styer had one of the toughest jobs on Sept. 11, last
year. Moments after the World Trade Center Towers in New York collapsed,
air traffic controllers were ordered to ground all airplanes. An unprecedented
air traffic ban lasting several days went into effect soon after. Styer
reflects on the momentous day.
»Listen
in Real Audio
Music Bridge: What I Need - James
9/11 Insurance
Terrorists toppled the World Trade Center on Sept. 11. In a ripple effect,
the nation's airline industry and insurers took heavy blows as well. Lloyd's
of London covered $9 billion in claims following the 9/11 catastrophe.
Reporter Beatrice Black looks at how the insurance industry is currently
faring.
»Listen
in Real Audio
9/11 Lincoln
A year after commentator Benjamin Barber first appeared on Marketplace, the author of Jihad vs. McWorld: How Globalism and Tribalism Are Reshaping the World joins us again near the one-year anniversary of 9/11 to reflect on leadership in a changed world.
»Listen to and read Barber's commentary.
Look Ahead:
Coming up on Marketplace: Our special coverage of the 9/11 tragedy, "Accounting
for the Unaccountable."
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