Monday, October 19, 2009
In this show. . .
When does trading go outside the lines?
The Justice Department says it has busted the biggest-ever insider trading ring involving hedge funds. But how will it prove its case? There's a gray area between legitimate investing and illegal trading. Ashley Milne-Tyte reports.
U.S.'s piece of Banamex in question
One of Mexico's biggest banks is owned by Citigroup, which in large part is owned by Washington. That situation has the makings of a test case for a Mexican law barring foreign governments from owning domestic banks. Alisa Roth reports.
High-end denim holds up to recession
You might think luxury products that people could conceivably live without would be hit hard by the recession. But that logic doesn't seem to apply to top-shelf jeans. Jeff Tyler reports.
Is this crisis different? Not really
Why didn't more people see the current financial crisis coming? It's not the first financial meltdown the world has seen. Harvard economist Kenneth Rogoff has a new book with Carmen Reinhart that addresses that question. He talks with Kai Ryssdal.
He plans a new way to rate investments
Jules Kroll made a fortune creating a firm that did in-depth research for huge Wall Street deals. Now he has plans to start a new kind of credit-rating agency that would help avoid the bubbles that lead to financial crises. Steve Henn reports.
Gumshoe finds who's got sticky fingers
Nashville private eye (and reporter) Thomas H. Humphreys does some snooping to find out how the recession is affecting petty crime -- specifically shoplifting. He uncovers some surprising details.
TV donates some time to volunteerism
More than 100 TV shows will be airing public service announcements and weaving volunteering themes into their plots this week. It's part of an industry-wide effort to encourage volunteerism. Stacey Vanek-Smith reports.
Kai Ryssdal's final note ...
A reminder not to believe everything you read:There I was at our morning meeting today, slowly scrolling through the news on the computer out in the conference room, when up popped an item saying the U.S. Chamber of Commerce had changed its position on a climate change bill. Instead of being strongly opposed, as it has been, it's now in favor of some kind of carbon tax to help control global warming. That would be a big deal because the Chamber's been hit by a wave of defections lately from companies like Apple and Nike who don't much care for the Chamber's position on greenhouse gas emissions.
So, confident we had found our lead story, the meeting continued. Until another story popped up saying the first one was a hoax. Turns out an anti-corporate activist group known as the Yes Men pulled off a bogus news conference at the National Press Club in Washington.
Marketplace datebook for Tuesday, October 20, 2009
- In Washington, the Commerce Department reports on new home construction for the month of September.
- A House Energy and Commerce subcommittee is talking about the high cost of small-business health insurance.
- And over in the Senate, the Small Business and Entrepreneurship Committee discusses solutions to that problem.
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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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You recently reported on a student loan option that was being offered as part of the government stimulus package, which is based on a person's income.... I was wondering if you could please let me know where to find this information. Thanks. Ethan, Minneapolis, MN Read Chris Farrell's answer »
