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Thursday morning, May 26, 2005

FEATURES

 (Photo:RemyDWD/flickr.com)

Paparazzi

You may not care about a picture of Angelina Jolie and Brad Pitt vacationing in Africa, and yet Us Magazine reportedly forked over $500 grand for one. The curious and lucrative world of celebrity photography inspired veteran photographer Peter Howe to write a book about it.

Cities take on global warming

President Bush has declined to sign the Kyoto Protocol, the treaty designed to cool global warming. The White House says Kyoto would put the U.S at a competitive disadvantage. But more than 150 American cities have decided to comply with Kyoto anyway. They say they're thinking globally, but they also admit it helps them economically, and, as Curt Nickisch reports, it gives them a competitive advantage.

Hedge funds

You pay your money on Wall Street, you take your chances. There are after all no sure things in investing. But some things are a good deal less sure than others. For example, hedge funds. Here's Chris Farrell.


NEWSCAST

In a not entirely unexpected move New York Attorney General Eliot Spitzer could file a civil suit against the beleagured insurance firm AIG as early as today. The paperwork... to be done jointly with the state's insurance regulator... will charge former CEO Maurice Greenberg and former CFO Howard Smith with conspiring to make the company's financial situation look stronger than it really was.

A trade group that speaks for many of the nation's airlines is predicting more people will fly this summer than last. Marketplace's Tess Vigeland looks at what that might mean for the cash-strapped aviation industry.

Oil prices continue climbing in European trading this morning after rising two and a half percent yesterday to top the $51 a barrel mark. From the European Desk in London, Marketplaces Stephen Beard reports traders are reacting to a fall in the level of crude supplies here.

No doubt you've seen those experts on TV, the ones who talk up the latest gadgets or fashions. But how do you know the folks who make the gadgets or the clothes haven't paid them to do it? One member of the Federal Communications Commission says we don't know, and that's illegal. Marketplace's Scott Jagow reports.

GlaxoSmithKline has filed an application to sell its flu vaccine in the U.S. The British firm got temporary permission to sell four million doses here last year to ease the shortage we had. If the Food and Drug Administration gives the OK the company would supply about 10 million doses here during the coming flu season.

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