Friday, July 13, 2007
In this show. . .
Retail's down, consumer hopes are up?
The Commerce Department said June retail sales posted their steepest drop in nearly two years compared to May. Yet, at the same time, consumers said they're more optimistic about the economy and their pocketbooks. Jill Barshay sorts it out.
Blackstone exploits another loophole
Last month when the Blackstone Group went public there were protests over how it engineered a deal allowing it to pay less than half the tax rate paid by most other public companies. Well, it's now reportedly done itself one better. Steve Henn explains.
Will Internet radio fall silent?
On Sunday a huge hike in music royalties for webcasters goes into effect that could threaten many Internet radio sites. Bob Moon talks to Tim Westergren and John Simson, who hold opposing views on the issue.
Quality is up at mid-priced hotels
Hotel chains are doing a lot more to attract your business these days. With competition heating up, they're investing in things like flatscreen TVs and MP3 players to entice you to stay. Alex Goldmark checks in.
Week on Wall Street
Stockbroker and business analyst David Johnson talks with host Bob Moon about Wall Street's big week and what may lie ahead.
This trend doesn't come cheap
The new brand A Bathing Ape is the latest fashion craze for urban teens. Youth Radio's Ayesha Walker loves to shop, but she's not so hot on the high price for a hooded sweatshirt, and the fact that kids wearing them are targeted for theft.
A French revolution on two wheels
Paris is launching one of the the biggest city bike networks the world has ever seen. For a small fee, Parisians will be able to borrow a bicycle at one of 750 stations around the city. John Laurenson went for a ride.
Bob Moon's final note . . .
A new term to add to your business vocabulary: Corporate klep-toc-racy.
That's the phrase federal prosecutors used to describe the pilfering that went on at what was once the world's third-largest English-language newspaper empire. Today, a federal jury in Chicago convicted fallen media tycoon Conrad Black and three of his former executives of illegally pocketing money that should have gone to shareholders.
Hollinger International's holdings had included such prominent names as the Chicago Sun-Times and Daily Telegraph of London, along with many community newspapers across the United States. Black could now face up to 35 years in prison and be forced to forfeit tens of millions of dollars.
Marketplace datebook for Monday, July 16, 2007
- The FDIC advisory committee on economic inclusion meets to discuss subprime mortgages.
- The Energy Department has a meeting of the Fusion Energy Sciences Advisory Committee.
- And on this day in history in 1903 the Ford Motor Co. was incorporated. Fifty years later the company celebrated its anniversary with one of TV's biggest events headlined by musical starts Ethel Merman and Mary Martin.
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Music From This Show
Marketplace Confessional
"I disagree with Diana Nyad, who told Bob Moon today that Americans are not interested in Wimbledon because there are so few Americans playing. I love watching tennis, no matter who is playing. I have watched tennis for years, but the networks toy with us, creating drama rather than showing the match. Oftentimes, televised matches end precisely when the allotted time expires, even if they have to cut and splice. When they don't, as happened in a Nadal match last weekend, we were left hanging at the end of two sets, as NBC switched to women's golf. I don't have cable TV, so I couldn't switch to MSNBC as was suggested. It's enough to make me turn off the TV and read about the matches online."
Your Host
Kai Ryssdal took the reins as host of Marketplace in August 2005 after hosting the Marketplace Morning Report for more than four years. Before joining Marketplace, Kai was … Full bio
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