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Marketplace: Tuesday, August 24, 2004
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A look at today's markets (closing numbers)
DOW 25.58 (0.25%) ;
NASDAQ 1.81 (0.10%) ;
S&P 500 0.51 (0.05%)
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Newscast
U.S. Chamber of Commerce is backing a new 527 group, the November Fund. Their issue is lawsuit abuse and they think the $233 billion annual cost of frivolous lawsuits will resonate with voters.
Toyota officials say they're hiking the price of the Prius, again -- to offset the cost of making more cars.
China is about to hike prices for diesel and gasoline --for the first time since May. Though Beijing is pretty heavy handed when it comes to price controls, this move just goes to show that not even a state-run economy can insulate itself from world markets. For more from this reporter, go to http://www.markhertsgaard.com.
Listen to all newscast items
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| Features
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The Next Big Thing in Camping
Remember those camping trips where the bears ate your lunch, the mosquitoes ate you, and half the night was spent making a fire? Apparently, many others do too - and are making a point of being in the great outdoors, while staying out of it at the same time. So who's cashing in on the trend?
Reporter: Brian Bull
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 Music Bridge: Things Have Changed - Bob Dylon
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Japan's Gold Could Boost More Than National Pride
After a lackluster couple of decades in the international sports arena, Japan is sizzling. The country has racked up 15 gold medals in Athens, only one short of the record 16 won when Tokyo hosted the Olympics games in 1964. A big medal sweep could boost more than morale; it could be a steroid for the economy.
Reporter: Jessica Smith
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Music Bridge: Japan Mambo - Tito Puente
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Scambaiters Fighting Back
"Dear Friend. I am a barrister in the small nation of Hidalgo Rivera, and the second cousin of the exiled finance minister of Ndogo. I am desperate for your help. In exchange for your assistance, we can offer the equivalent of $2 million American ...blah blah blah". The cops call this the "Advance Fee Fraud." And someone must be biting, because scammers -- many of them claiming to be from West Africa -- keep filling everyone's inboxes with the offer. But some recipients in London are fighting back.
Reporter: Stephen Beard
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Music Bridge: Vultures - Five Iron Frenzy
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Coming up on Marketplace...
Can you name the most politically powerful arm of the U.S. government? Hint: It has a lot to do with interest rates. Marketplace's commentator Robert Reich shares his thoughts.
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<< - Back to 08/23 Newscast
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