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Welcome to debt!
With consumer confidence at an all-time low, it's time to get used to the status quo. Host Bob Moon talks to author Barbara Ehrenreich about preparing for the realities of the current economy.Listen | Listen in your iPhone | Download | View full cache | Banks brace for Basel IIFinancial regulators are proposing stricter capital guidelines for banks to prevent risky investments from causing another meltdown. Amy Scott reports.Listen | Listen in your iPhone | Download | View full cache | An economy gone to the dogsPeople aren't the only ones hurt by the weak economy. As finances get tighter, animal shelters are filling up with the pets that owners can't afford to take care. Jeremy Hobson reports.Listen | Listen in your iPhone | Download | View full cache | Wal-Mart looks local to save on shippingThe mega-retailer is set to become the nation's largest buyer of locally grown produce with a promise to purchase $400 million worth of crops from local farmers. Sam Eaton reports.Listen | Listen in your iPhone | Download | View full cache | Microsoft still searching for YahooApparently, Microsoft's not used to rejection. Despite being rebuffed, the computer giant is still looking for a way to get a piece of Yahoo's search market. Stacey Vanek-Smith reports.Listen | Listen in your iPhone | Download | View full cache | Hot Jobs: Bikini shop managerFor the first installment of our "Hot Jobs" series, we check out the source for summer gear and meet Eduardo Lora, manager of a bikini shop in Miami Beach.Listen | Listen in your iPhone | Download | View full cache | Bull rider can't buck the price of gasFor Wesley Silcox, the defending World Champion in bull riding, getting bucked around in the ring is almost becoming less painful than filling up the truck to drive to and from rodeos. Host Bob Moon caught up with Silcox on the road.Listen | Listen in your iPhone | Download | View full cache | Southwest flies past high oil pricesWhile other airlines cut flights and tack on fees, Southwest Airlines has avoided passing rising costs on it to customers by locking in fuel prices years in advance. Jeff Tyler reports.Listen | Listen in your iPhone | Download | View full cache | What's the Fed's next move?The Fed is getting a lot of heat for not doing anything about the weakness in the dollar and experts all have their own suggestion on what the Fed should do next. Nancy Marshall Genzer reports.Listen | Listen in your iPhone | Download | View full cache | Nonprofit gets around subprimesJohn and Lupe Rodriguez lacked a good credit score, but with the help of a new program, they managed to get a loan without going subprime. David Brancaccio reports.Listen | Listen in your iPhone | Download | View full cache | Barriers to foreign adoption riseCountries that were once mainstays for foreigners looking to adopt are starting to cut back on the practice, meaning heartbreak for prospective parents and hard times for adoption agencies. Jennifer Collins reports.Listen | Listen in your iPhone | Download | View full cache | The game of wealth managementIt's difficult talking to kids about managing an inheritance, but wealth management firm GenSpring aims to make an otherwise tough conversation into a game. Sean Cole reports.Listen | Listen in your iPhone | Download | View full cache | Medicare looks to the free marketMedicare is preparing to make medical supply companies compete against each other on prices. But as host Bob Moon learns from New York Times business columnist David Leonhardt, there may be a fight ahead.Listen | Listen in your iPhone | Download | View full cache | Look at the benefits of higher gas pricesAre these rising gas prices a crisis, or are they really a blessing in disguise? Economist and commentator Justin Wolfers says we're being compensated for these higher gas prices -- we just don't realize it.Listen | Listen in your iPhone | Download | View full cache | Gas stations hitting empty on fill-upsHigher gasoline prices are making it tougher for gas stations, pinched between higher costs and tougher competition. They're also getting it harder by credit card fees. Stacey Vanek-Smith reports.Listen | Listen in your iPhone | Download | View full cache | Study: Expect more severe weatherA government study is predicting that floods, droughts and severe storms are likely to ravage North America more often. It blames emissions of planet-warming gases. Host Bob Moon talks with risk management expert Robert Hoyt about the findings.Listen | Listen in your iPhone | Download | View full cache | More roads paved with private goldFederal and state money for maintaining roads and bridges is getting harder to come by -- especially in the current economy. So governments are selling such infrastructure -- even to foreign firms. Jill Barshay reports.Listen | Listen in your iPhone | Download | View full cache | Korean beef with U.S. no longer broilingAfter massive protests in South Korea over the quality of American beef, the nation's president has apologized for mishandling the issue and trade negotiators appear close to a new trade deal. Dan Grech reports.Listen | Listen in your iPhone | Download | View full cache | Hog farmers getting hit from all sidesMore than 7,000 hog farmers are at risk of going out of business due to floods skyrocketing prices for fuel and feed. Steve Henn reports.Listen | Listen in your iPhone | Download | View full cache | Will China price rise lower oil demand?Beijing has lifted some subsidies on domestic fuel on the theory that such a move would cut demand and allow global prices to ease off. But you know what happens when you assume anything about oil prices. Jeremy Hobson reports.Listen | Listen in your iPhone | Download | View full cache | Airlines seek savings in rare metalsRare metals are the latest tool being used to increase airplanes' fuel economy. Host Bob Moon talks with Financial Times reporter Javier Blas about how demand for these rare commodities has pushed prices sky high.Listen | Listen in your iPhone | Download | View full cache | White House eyes offshore oilPresident Bush says the Senate should repeal the moratorium on offshore oil drilling to help bring down gas prices. Senate Democrats call the move a campaign ploy and not a long-term solution. John Dimsdale reports.Listen | Listen in your iPhone | Download | View full cache | Italy claims land back from the MafiaPeople used to live in fear of organized crime in Sicily, but a new government crackdown on Mafia-run businesses has co-ops reaping the benefits. Megan Williams reports from Italy.Listen | Listen in your iPhone | Download | View full cache | Stop enabling the speculatorsCommentator Robert Reich says while speculation is driving commodity markets up, the blame rests with the government and regulators who haven't taken the proper steps to reign them in.Listen | Listen in your iPhone | Download | View full cache | U.K. drivers share the loadTo cope with high fuel prices, some European companies have begun sharing space on their trucks, sometimes with their fiercest rivals. Stephen Beard has the story.Listen | Listen in your iPhone | Download | View full cache | Economy's down, lipstick's upTough economic times have many seeing red -- and not just in their wallets. Jeremy Hobson reports on another economic indicator that's on a lot of people's lips.Listen | Listen in your iPhone | Download | View full cache | Morgan Stanley adds to litany of lossesMorgan Stanley is the latest investment bank to report big earnings losses. Host Bob Moon asks Standard & Poor's Chief Economist David Wyss what its news means for the economy.Listen | Listen in your iPhone | Download | View full cache | Is DreamWorks going Bollywood?DreamWorks may join forces with India's Reliance ADA Group. The merger would mean about $500 million in equity for Steven Spielberg's studio. Stacey Vanek-Smith reports.Listen | Listen in your iPhone | Download | View full cache | A waste of money may be worth a lotIf you're invited to someone's place for dinner, you might show up with some flowers or a bottle of wine. You don't even ask yourself if the polite gesture's worth the expense. But commentator and economist Dan Ariely says maybe you should.Listen | Listen in your iPhone | Download | View full cache | The family feud that changed sportsThe Puma shoe brand was born when the brothers who founded Adidas split in a dispute that divided their family. Kai Ryssdal talks with "Sneaker Wars" author Barbara Smit about how the family feud behind the two powerhouses shaped the face of global sports.Listen | Listen in your iPhone | Download | View full cache | Satisfying a taste for goldGold prices have been running at historically high levels, which has put a crimp in some businesses that use the shiny yellow stuff. But in New York City one merchant has found a tasteful way to adjust. Andrea Mustain reports.Listen | Listen in your iPhone | Download | View full cache | Iowa's woes will overflow its bordersIowa has been hit with tornados, thunderstorms, hail and flooding in recent days, prompting its governor to declare essentially the whole state a disaster area. Watch for the impact to reach well beyond the Midwest. Sam Hudzik reports.Listen | Listen in your iPhone | Download | View full cache | MySpace looks for an older crowdJust a year ago, social networking site MySpace had nearly three times as many visitors as its rival Facebook. Now the two sites are about even. That probably explains why MySpace is getting ready to unveil a big makeover. Stacey Vanek-Smith reports.Listen | Listen in your iPhone | Download | View full cache | Irish vote will make E.U. deals tougherIrish voters have defeated a treaty that would have streamlined the European Union. For the United States and its businesses, that will make trade more complicated. Stephen Beard reports.Listen | Listen in your iPhone | Download | View full cache | Time to start counting food, gas costs?The core inflation rate doesn't include gas and food prices. But if you add those products to the report for last month, consumer prices shot up 0.6% -- the biggest increase since November. That's why some economists say it's time to stop ignoring them. Nancy Marshall Genzer reports.Listen | Listen in your iPhone | Download | View full cache | Microsoft's out, Google's inA big shake-up in the search business: Microsoft's bid is off the table and Yahoo has announced a partnership with Google. Kai Ryssdal gets the latest developments form Marketplace's Bob Moon.Listen | Listen in your iPhone | Download | View full cache | A life of work in a Pakistani tanneryFor four years, six days a week, 17-year-old Mohmen has been working in a Pakistani leather factory. What does he have to look forward to in life? More of the same. But he says he's made peace with it. Gregory Warner reports.Listen | Listen in your iPhone | Download | View full cache | The reanimation of PixarKai Ryssdal talks to author David Price about animation studio Pixar's transformation from failing computer company to Hollywood darling.Listen | Listen in your iPhone | Download | View full cache | The artists among usCensus data show a lot of people mark their career as "artist." What does it take to be an artist and how true are the stereotypes? Janet Babin reports.Listen | Listen in your iPhone | Download | View full cache | This Bud's going globalEurope's InBev has launched a bid for Anheuser-Busch, maker of Budweiser beer. The offer is being slammed by some as unpatriotic. Marketplace's Stacey Vanek-Smith reports.Listen | Listen in your iPhone | Download | View full cache | U.S. winemakers toast to a strong euroAs the euro drives up the prices of international wines, U.S. vineyards are seeing a bump in sales. Jeremy Hobson reports.Listen | Listen in your iPhone | Download | View full cache | BottlemaniaWe think it's cleaner and safer, and we'll pay any price to get it, even though it comes out of faucets for a fraction of a cent. Author Elizabeth Royte talks to Kai Ryssdal about America's obsession with bottled water.Listen | Listen in your iPhone | Download | View full cache | Fears pull tomatoes off the menuGrocery stores and restaurants are rushing to remove tomatoes as salmonella fears spread and regulators try to figure out where the bacteria came from and how to stop it. Janet Babin reports.Listen | Listen in your iPhone | Download | View full cache | American workers are choosing ChinaU.S. manufacturers may complain about China's weak currency, but a lot of Americans are finding job opportunities there that they can't find at home. Bill Marcus reports.Listen | Listen in your iPhone | Download | View full cache | Better, faster, cheaperApple's latest iPhone delivers faster downloads and a dramatically slashed price tag. Kai Ryssdal talks to CNET's Tom Kravitz from the floor of Apple's developers conferenceListen | Listen in your iPhone | Download | View full cache | Campaigns focus on the economyBoth the Obama and McCain campaigns have started stumping on economic issues. Steve Henn reports on the dollars and cents in the nominees' recent speeches.Listen | Listen in your iPhone | Download | View full cache | High gas prices hit charities hardCharities are having a harder time recruiting help because volunteers can't afford to drive where they're needed. Sarah Gardner reports on the impact of gas prices on America's most needy.Listen | Listen in your iPhone | Download | View full cache | Analysts keep a close eye on LehmanLehman Brothers, the smallest of Wall Street's big investment banks, is reporting big losses -- and that's making many market watchers nervous. Jill Barshay reports.Listen | Listen in your iPhone | Download | View full cache | Putting products before plot?It's hard to find a TV show or movie these days that doesn't have name-brand products in the scenes. Amy Scott takes a look at where product placement is headed.Listen | Listen in your iPhone | Download | |