Aug 16, 2007

Marketplace AM for August 16, 2007

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Population booming in a city near you

by Jill Barshay

Aug 16, 2007

A new population report predicts the global population will grow by 50 percent to reach 9.3 billion by 2050. And very soon the number of people living in urban areas will outnumber rural folk. Jill Barshay has more.

Subprime mess good for something

by Ashley Milne-Tyte

Aug 16, 2007

European banks tied into subprime debt are now rushing to buy U.S. dollars to pay back those loans, which is raising the value of the flailing currency. But Ashley Milne-Tyte reports it may just be a short-term fix.

Knockoff diabetes tests? Yep, China

by Scott Tong

Aug 16, 2007

Last year Johnson & Johnson discovered counterfeit strips used to test blood glucose levels were being sold under its label. Looks like we can add those to the long list of fake products originating in China. Scott Tong has more.

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Who else to give credit for subprime?

by Stephen Beard

Aug 16, 2007

The European Commission is investigating credit-rating agencies on claims that they failed to warn investors about subprime risks. And there are other worries, too. Stephen Beard reports.

Do workers lose in private buyouts?

by John Dimsdale

Aug 16, 2007

The explosion of recent corporate takeovers by private investors has attracted the attention of labor unions. Yesterday, one union leader launched an effort to rein in private equity's growing influence. John Dimsdale reports.

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World markets continue to sink

by Marketplace Staff

Aug 16, 2007

Doing the numbers is starting to get downright gloomy. Markets in Asia and Europe are dropping by 2 and 3 percent after yesterday's Wall Street plunge on continuing subprime concerns. This time mortgage lender Countrywide was the biggest troublemaker.

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More hourly rentals on the block

by Marketplace Staff

Aug 16, 2007

A few small car-sharing services have been offering autoless city dwellers the option of renting by the hour for years. Now some of the big traditional car rental companies want a share of that market. Lisa Gray reports.

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Defending the gas guzzler

by Sam Eaton

Aug 16, 2007

Lobbying by U.S. automakers failed to slow a Senate proposal that would drastically increase fuel economy standards, so GM, Ford and Chrysler are holding a rally today to plea for popular support. Critics are calling it a scare tactic, Sam Eaton reports.

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Selling Elvis here, there... anywhere

by Marketplace Staff

Aug 16, 2007

Elvis T-shirts, an Elvis-edition Harley, Elvis Reese's Cups, ticket sales at Graceland... the licensing money for all that memorabilia really adds up. But the folks in charge of his estate have big plans that could triple the take. Wren Elhai reports.

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