Monday, August 13, 2007
In this show. . .
Cash makes people feel better
Central banks around the world stuffed unprecedented wads of cash into their banking systems to stop last week's global market freefall. It's worked for now, but some in the industry are waiting for more bad news. Stephen Beard explains.
Let's just call them garbage mortgages
Allan Sloan says subprime is too nice a word for the high-risk mortgages that were bundled then sliced and diced and served up to investors. He says maybe they'd have thought twice before buying into garbage mortgages... or maybe not.
Fingers crossed for a rate cut?
The Fed will be looking at two key inflation measures this week: Tomorrow we'll get a read on July wholesale prices and Wednesday the Labor Department reports on consumer prices. But officials may have something else on their minds. Amy Scott has more.
What to do about Avandia?
With more studies out on the potentially serious side-effects of Avandia, GlaxoSmithKline is trying to revise marketing for its once second-best selling drug. Stephen Beard reports.
Now that's cradle-to-grave marketing
It's the latest trend in fundraising, er make that "friend raising." A growing number of colleges and universities now offer their most devoted alumni a chance to spend the afterlife back on campus. Jeremy Hobson has the story.
Race for Arctic oil heats up
A team of Danish scientists shipped out this weekend for a month-long mapping expedition in the Arctic Ocean. It's the latest move in what's become a high-stakes race to claim the Arctic's potential oil reserves. Sam Eaton reports.
No private-equity blues for Blackstone
Despite private-equity firms struggling with the credit market clamp down, Blackstone Group still posted a healthy profit last quarter. But Amy Scott reports the company may have more challenges ahead.
Sad development in Chinese toy recall
Mattel recently recalled nearly a million toys made a Chinese supplier because they contained dangerous levels of lead paint. Over the weekend, the head of that company reportedly committed suicide. Scott Tong reports.
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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
By age 14, Scott Jagow had no doubt what he would do with his life. He would be a lumberjack. I mean, an astronaut. A seismologist. No, make that a journalist … Full bio
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