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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.

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Banks brace for Basel II

Financial regulators are proposing stricter capital guidelines for banks to prevent risky investments from causing another meltdown. Amy Scott reports.

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An economy gone to the dogs

People 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.

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Wal-Mart looks local to save on shipping

The 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.

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Microsoft still searching for Yahoo

Apparently, 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.

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Hot Jobs: Bikini shop manager

For 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.

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Bull rider can't buck the price of gas

For 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.

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Southwest flies past high oil prices

While 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.

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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.

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Nonprofit gets around subprimes

John 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.

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Barriers to foreign adoption rise

Countries 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.

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The game of wealth management

It'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.

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Medicare looks to the free market

Medicare 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.

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Look at the benefits of higher gas prices

Are 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.

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Gas stations hitting empty on fill-ups

Higher 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.

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Study: Expect more severe weather

A 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.

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More roads paved with private gold

Federal 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.

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Korean beef with U.S. no longer broiling

After 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.

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Hog farmers getting hit from all sides

More 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.

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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.

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Airlines seek savings in rare metals

Rare 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.

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White House eyes offshore oil

President 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.

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Italy claims land back from the Mafia

People 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.

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Stop enabling the speculators

Commentator 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.

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U.K. drivers share the load

To 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.

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Economy's down, lipstick's up

Tough 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.

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Morgan Stanley adds to litany of losses

Morgan 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.

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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.

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A waste of money may be worth a lot

If 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.

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The family feud that changed sports

The 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.

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Satisfying a taste for gold

Gold 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.

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Iowa's woes will overflow its borders

Iowa 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.

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MySpace looks for an older crowd

Just 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.

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Irish vote will make E.U. deals tougher

Irish 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.

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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.

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Microsoft's out, Google's in

A 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.

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A life of work in a Pakistani tannery

For 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.

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The reanimation of Pixar

Kai Ryssdal talks to author David Price about animation studio Pixar's transformation from failing computer company to Hollywood darling.

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The artists among us

Census 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.

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This Bud's going global

Europe'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.

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U.S. winemakers toast to a strong euro

As the euro drives up the prices of international wines, U.S. vineyards are seeing a bump in sales. Jeremy Hobson reports.

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Bottlemania

We 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.

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Fears pull tomatoes off the menu

Grocery 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.

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American workers are choosing China

U.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.

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Better, faster, cheaper

Apple'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 conference

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Campaigns focus on the economy

Both the Obama and McCain campaigns have started stumping on economic issues. Steve Henn reports on the dollars and cents in the nominees' recent speeches.

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High gas prices hit charities hard

Charities 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.

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Analysts keep a close eye on Lehman

Lehman 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.

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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.

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For good career advice, look to the past

The job tips given to graduates today are all quantity, no quality. Author and commentator Megan Hustad calls for tossing out today's motivational slogans for some good old-fashioned advice.

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Violence spurs humanitarian crisis

Anti-immigrant violence in South Africa has forced tens of thousands from their homes and could have a long-lasting economic impact on the region. Gretchen Wilson reports from outside Johannesburg.

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Nobody's innocent in oil speculation

There's been plenty of talk about speculation driving up oil prices, but big investors don't deserve all the blame. Kai Ryssdal asks energy analyst Peter Beutel where all those billions invested in oil came from.

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Hardcover book market goes soft

Publishing is a world of increased competition, shrinking margins and long waits to see any green. Jill Barshay reports on how publishing houses are coping with changing times.

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IndyCar tries to steer back on track

In recent years, IndyCar Racing has spun out, falling from one of the most exciting moments in sports to a distant second to NASCAR. Kai Ryssdal talks to sports expert Diana Nyad about the future of the IRL.

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Greenhouse bill heats business debate

A new Senate bill would cut U.S. greenhouse emissions by 70 percent. Most lawmakers agree on the goal but debate remains over how to design a system that's fair to businesses. Sam Eaton reports.

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Apple's tech goes suburban

Apple's products continue to wow consumers, but commentator and Internet scholar Jonathan Zittrain argues the company's recent moves toward proprietary systems lock out the company's oldest fans.

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Winners and losers in the food crisis

Rising food prices mean an opportunity for boosting agricultural infrastructure, but unless aid programs shift their focus, the incentives won't trickle down to the poorest regions. Jeff Tyler reports.

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Iraq asks neighbors for debt relief

The Iraqi government is asking Arab nations to forgive its debts, and one neighbor is more than eager to help. John Dimsdale reports.

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Consumers reach for the plastic

Credit got many of us into this financial mess, but can credit get us back out? Many Americans think so, and credit card companies are happy to oblige. Ashley Milne-Tyte reports.

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High profits for low-end retailers

Tight economic times for consumers are meaning big jumps in profits for value retailers such as Costco and Big Lots. Bob Moon explains how stores are adapting to consumers' shrinking budgets.

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Talent agents for the YouTube era

Put something popular up on YouTube? Might be time to find an agent. Kai visits United Talent Agency's online division in Hollywood to learn about digital representation.

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Using foreign aid to stop conflict

Fighting poverty is good, but according to commentator and economist Edward Miguel, well-targeted foreign aid can accomplish much, much more in the poorest parts of the world.

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The world's workshop helps its own

China has redirected its manufacturing power to aid those affected by this month's earthquake. Scott Tong takes us to a tent factory in Shanghai working overtime to shelter victims.

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Funding researchers, not research

The Hughes Institute is funding 56 scientists to conduct research of their own choosing. Jeremy Hobson reports what this new funding strategy could mean for biomedical research.

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Borders tries the direct approach

In the past, Borders partnered with Amazon for online sales. Today, they've set out on their own, offering direct sales via a new website. Ashley Milne-Tyte takes a look.

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A long way to go for the housing market

Separate reports today revealed that while home sales are on the rise, prices continue to dive. Amy Scott explains why the housing market can't seem to get past the bad news.

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Device lets you try your hand at music

A new musical invention for the masses called Beamz is following the popularity of the video games Rock Band and Guitar Hero. Sharper Image has just released the new laser music maker. Kai Ryssdal tries it out with G4's Kevin Pereira.

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Economics can explain us odd humans

When a curious Gen Y-er can do almost anything he wants, why would he subject himself to a whole lot of number crunching and cost-benefit analyses? Commentator and economics grad student Ben Bushong says these days economics is a lot more than that.

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Brown's support falls with economy

During his 10 years as Britain's finance chief, Gordon Brown could do almost no wrong. Now, as prime minister, his reputation for economic competence is in tatters. And even some of his supporters are calling for his head. Stephen Beard reports.

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Seeing crisis as opportunity

Nonprofit aid organizations and governments usually take the lead in providing assistance in times of crisis, but these days they're increasingly being helped by businesses, big and small. Stacey Vanek-Smith reports.

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McDonald's specialty coffees start cool

When Mickey D's announced it was introducing specialty coffees, observers forecast it would suck up a good portion of the market. But the fast-food chain's coffee sales haven't gotten the caffeinated jolt many expected. Jeff Tyler reports.

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Cashing in on the mortgage mess

The subprime crisis has sent banks and brokers fleeing from mortgage-debt investment that, for many, has turned into huge losses. Now a highly-respected bond manager is betting he'll be able to cash in -- with the government's help. Bob Moon reports.

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An inside look at 'the Family'

In his new book, Jeff Sharlet, a research scholar at New York University's Center for Religion and Media, writes about the fundamentalist Christian group at the center of U.S. economic evangelism. He talks with Kai Ryssdal.

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More travelers taking the green route

This holiday weekend Americans are going to be taking to the roads and the skies in large numbers. But some of us are getting a little more green-minded about how we travel for vacation. Christy George reports.

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Economics can predict, prevent misery

What drives an otherwise bright and ambitious young person to become an economist and subject himself to a life of deciphering regression analyses and using words like "resource allocation"? Commentator Faress Bhuiyan says for him it's personal.

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Help, money flow into quake recovery

Rescue and rebuilding efforts from the China earthquake have prompted such a strong response from volunteers and donors in the country that many are wondering whether a new interest in private philanthropy will develop out of the tragedy. Jamila Trindle reports.

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UBS shapes deal to shed subprime debt

To get the subprime mess off its books, the Swiss bank UBS is selling $15.5 billion-worth of mortgage-backed securities to private investment firm BlackRock. And it's lending BlackRock $11 billion to do it. Ashley Milne-Tyte reports.

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Ford's bright outlook turns dark

Just a month ago Ford executives were predicting a return to profitability by the end of this year. But the company now says it's going to have to cut production, and it isn't sure when it might return to black ink. Alisa Roth reports.

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IEA says oil output near capacity

The International Energy Agency says operating oil fields around the globe are pumping as much black gold as they can. Yet, there are numerous fields untapped. John Dimsdale reports on why oil companies haven't drilled into them.

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Newspapers seek new business models

Circulation and ad revenues aren't just declining at newspapers, they're plummeting. Thousands of reporters and editors have lost their jobs. So how are papers surviving? Alisa Roth reports.

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Glitch makes risky investment look safe

A computer glitch at the Moody's credit-rating service reportedly gave a complicated kind of mortgage-backed security the coveted AAA rating when it should have been rated much lower. And Moody's kept it there for a year. Ashley Milne-Tyte reports.

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Companies find benefits in flex-time

More than three-quarters of companies now offer flex-time as a way to keep workers happy while maintaining the corporate bottom line. That's an increase of 10% from a decade ago, a study says. Nancy Marshall Genzer has more.

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Biofuel credit leads to 'splash and dash'

The energy bill approved by the House includes a specific credit for biodiesel, which is promoted as a cleaner way to wean us off petroleum products. But there's a loophole that's giving the biodiesel subsidy a bad rap. Sarah Gardner reports.

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Increased rice exports a short-term fix

Shortages of rice in Asia have forced Japan and several other big producers of the grain to reconsider their recent export bans. But will it help ease global markets? Sam Eaton reports.

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Fuel costs could bring down airlines

Reacting to higher fuel prices, American Airlines is retiring dozens of less fuel-efficient planes, laying off thousands of workers and charging passengers to check bags. Kai Ryssdal talks with former airline executive Howard Putnam about airlines' future.

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Who's getting fat on higher oil prices?

The price of oil hit $133 a barrel today. What we want to know is who's pocketing the extra money we're all paying to fill our tanks? Bob Moon tried to find the answer.

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Looking forward to Gen X nostalgia

Twenty years is the magic number when it comes to nostalgia, and that time's arrived for Generation X, whose members are now becoming parents with purchasing power. Caitlan Carroll reports on how the entertainment industry is getting in position.

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Credit crunch alters sports biz's goals

Even the business of sports has been affected by the credit crunch. Dan Kaplan of the Sports Business Journal explains to Kai Ryssdal.

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Bush has done little to promote reforms

President Bush travels from Saudi Arabia to Egypt on Saturday for meetings with Arab leaders. The economic fortunes of those two countries are very different. But commentator and journalist Mona Eltahawy says they've got one unfortunate thing in common.

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Mass of cancer research put online

For the first time, cancer doctors and researchers have put the abstracts of their cancer studies online in advance of their major annual meeting later this month. And you can bet Wall Street has been poring over the reports. Janet Babin has the story.

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Diesel demand, prices go into overdrive

Demand for gas may be dropping, but worldwide demand for diesel is increasing. And prices have risen nearly three times as fast as for regular gas. So refiners are going all out to boost production. Sam Eaton reports.

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You'll get more oil when we say so

Visiting Saudi Arabia, President Bush asked the Saudis to open the taps on their oil production a little wider. The Saudis said sure, they'll boost production, but they'll decide how much. Jeremy Hobson reports.

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The terrible train rides of Mumbai

You think your commute is tough? Trying taking the train in Mumbai, India. Mehul Srivastava takes us along on the overcrowded and dangerous ride.

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Microlending needs bigger ideas

One of the most significant innovations for developing countries has been microfinance, giving small loans to poor entrepreneurs. Commentator and economist Dean Karlan says microlending is a valuable tool, but it needs more creativity to keep growing.

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How to allow innovation without abuse?

When Wall Street's best and brightest devise things like collateralized debt obligations and mortgage-backed securities in the good times, they're applauded. But when those things go bad, they get the blame. Bob Moon reports on balancing innovation and regulation.

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Networks to test new ways to connect

With television audiences declining, network executives are looking for ways to attract them -- and advertisers -- whether it be online, on screen or on our phones. Kai Ryssdal has more on some of the new steps they're taking.

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Will China accept help for earthquake?

With the death toll from China's Sichuan Province earthquake at more than 12,000 and expected to rise, aid offers are coming in from around the globe. But will Beijing be receptive to assistance or choose to go it alone? Scott Tong reports.

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Suppliers come to small businesses' aid

Banks are reporting more loans to small businesses going bad. That means the small businesses left standing are having a harder time getting credit. And that hurts their suppliers. Jill Barshay reports on some creative solutions to keep business flowing.

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Economic indicator: Less cash

Wal-Mart says sales have started to follow the pay cycle -- trailing off as money runs out before the next paycheck comes. And Bank of America is seeing more people paying for basics with credit cards. Janet Babin reports on families feeling the pinch.

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Corporate giants get fat on food crisis

In our continuing series, "Food Fight," we look at the profitable side of the global food crisis. Sarah Gardner reports on the big agribusiness firms that are breaking earnings records as everything from grains to soybeans skyrockets.

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What will Americans do with rebates?

Tax-rebate checks go out Friday as part of the $150 billion economic stimulus effort. And retailers are eager for a cut of your cash. We went looking for some of the more unusual ways people are planning to spend their rebates. Kai Ryssdal reports.

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China's next wave will hit our wallets

Commentator and investment strategist Andy Rothman says economic development pushed by Beijing will be great for Chinese workers and the environment, but now all of us will have to pay part of the cost.

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Palace 2.0 mixes history, consumerism

In World War II, scores of cultural landmarks in Germany were destroyed, including former royal palaces. Some were rebuilt quickly, while others are only now being revived as Germans look to connect with their past. Brett Neely reports.

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Baskin-Robbins is going soft

Baskin-Robbins, the biggest ice cream chain in the world, says it's branching out into soft-serve. Ashley Milne-Tyte has the scoop.

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India halts trading to slow food prices

India's government has decided it's had enough with rising food prices. It has suspended futures trading for some key commodites there, including soybean oil, chickpeas and potatoes. Sam Eaton reports.

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Laptop prices expected to rise too

While it seems the price of everything is rising, electronics -- computers in particular -- are getting more powerful and cheaper at the same time. But Lisa Napoli reports that's about to end.

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Seller's not sleepless over this sale

The market for houseboats seems to be floating right along. And it just so happens that one of the most famous houseboats in the world is up for sale in Seattle. Chana Joffe-Walt takes us on a tour.

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Steve, Jerry, we're here for you!

The wedding between Microsoft and Yahoo might be off, but commentator and venture capitalist Paul Kedrosky says CEOs Steve Ballmer and Jerry Yang could still use some counseling and support.

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Vandals focus on French police cameras

Since speed cameras were introduced in France five years ago, they've been smashed, sawed-off, daubed with paint or sprayed with hunting-rifle shot. Now, a clandestine group has even turned to blowing them up. John Laurenson reports.

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Medvedev takes over, but Putin's close

Russian President Vladimir Putin is handing over the reigns of power to Dmitry Medvedev, a 42-year-old corporate lawyer and former head of Gazprom. Russia expert Martha Brill Olcott talks with host Bob Moon about what the change will mean for the country.

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Myanmar cyclone adds to rice woes

In addition to the human cost of the cyclone that has ravaged Myanmar, damage from the storm will continue sending ripples through rice markets across the world for some time to come. Steve Henn reports.

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Chrysler offers cheaper gas as incentive

Chrysler has announced that customers who buy or lease one of its selected new cars in the next few weeks can lock in lower gas prices for three years. What is it thinking? Amy Scott reports.

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So, who says the worst is over?

Fannie Mae, the biggest mortgage underwriter in America, reported a loss of more than $2 billion last quarter. Investors are now bracing for more bad news when its federally-sponsored cousin Freddie Mac reports results later this week. Alisa Roth has the story.

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Drug companies seek new prescriptions

Pharmaceutical companies face expiring patents on many blockbuster drugs, with few new medicines in the pipeline to replace them. So the industry's trying creative ways to make money. Some say too creative. Nancy Marshall Genzer reports.

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Bolivia leader plans company takeovers

Facing a provincial vote this weekend, Bolivian President Evo Morales has announced he plans to nationalize the nation's biggest telecommunications company and four foreign-owned natural gas companies. Dan Grech reports.

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China's tighter visa rules slow business

With about three months to go before the China Olympics, Beijing is being picky about who it's letting in. Chinese visas are getting harder to come by, and foreign businessmen are crying foul. Scott Tong reports.

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Tyson told to stop winging it in ads

A federal appeals court has told Tyson Foods, the country's biggest chicken producer, to stop an advertising campaign that claims its birds are free of antibiotics -- because they're not. Lisa Napoli reports.

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Linens retailer ironing out balance sheet

Linens 'n Things is filing for Chapter 11 bankruptcy. The troubled home store blames the fall-out of the housing market for its decline. But analysts say the company was too highly leveraged. Jill Barshay reports.

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Fed, ECB ask 'Any banks want money?'

The Federal Reserve has joined with the European Central Bank to pump billions more dollars into the banking system, trying to persuade financial institutions there's money to be had. Bob Moon explains.

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Saudis stall in shift to women drivers

In Saudi Arabia, strict religious laws forbid women from driving. There's talk of changing that rule in the next couple of years. But in the meantime, it's keeping women out of the workforce. Kelly McEvers reports.

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After the draft, it's contract season

Now that last weekend's NFL draft is over the hard work starts for lawyers and agents trying to hammer out multimillion-dollar contracts for their college-age athletes. Business-of-sports analyst Diana Nyad gets into the details with Kai Ryssdal.

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Red Bull takes hard charge at imitators

A Chicago club has been ordered to pay more than $500,000 in damages after Red Bull spies spotted the club's bartenders serving a cheaper imitation to customers who had requested the super-caffeinated beverage in their drinks. Jill Barshay reports.

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Landing hard on leverage's downside

Homeowners aren't the only ones who've gotten up to their ears in debt in the subprime loan debacle fallout. Investment banks and hedge funds have gotten into trouble by borrowing more and more to finance their investments. Amy Scott reports.

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Farmers fear a bust trailing the boom

The Department of Agriculture says U.S. farm profits this year are going to be well above average. But commentator and journalist Bill McConnell says farmers know better than to get too excited about any short-term windfall.

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Goal! Brazil scores higher credit rating

After shedding its debtor-nation status, Brazil has now received an investment-grade credit rating from Standard & Poor's. And the news is getting the kind of attention usually reserved for the national soccer team. Dan Grech reports.

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What if rice producers stick together?

Some big rice growing countries are taking a page from the global oil markets and considering forming an organization like OPEC for Asia's rice growers. Jeff Tyler reports on whether a food cartel could actually work.

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Gas suppliers getting squeezed, too

Exxon Mobil reported $10.9 billion in profits last quarter, but Wall Street was disappointed. Because even though Big Oil's prospects look good at the well head, they're mostly evaporating by the time consumers pull up to the gas station. Bob Moon reports.

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Single French farmers raise TV ratings

"Love in the Meadows," the French version of a TV show now airing in America, is in its third season. About 100,000 single French farmers live often lonely, rural lives, but many wish the show would be put out to pasture. John Laurenson reports.

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West's main water source getting drier

Spring has been coming earlier and earlier in the Rocky Mountains for the past decade. And while this year has been a bumper crop for snow, scientists and farmers are worried about a dry, long-term trend. Peter O'Dowd reports.

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FDA putting out the 'help wanted' sign

After a little financial help from Congress, the Food and Drug Administration announced it will hire 1,300 new employees. It's a big deal for an agency that currently employs about 10,000 workers. Jeremy Hobson reports.

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Kellogg, Kraft still packaging up profits

Corporations are subject to some of the same economic stresses as the rest of us -- especially companies that sell food. Kraft and Kellogg reported lower profits today. But they did better than anybody was expecting. Alisa Roth reports.

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Fed continues to see a weak economy

The Federal Reserve did exactly what everyone thought it was going to do today -- cut short-term interest rates 0.25%. In the process it said some not-so-reassuring things. John Dimsdale reports.

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For some, Passover means extra bread

In Israel there are traditional restrictions on the availability of bread during Passover. But this year, both the pious and the secular have reason to celebrate. Daniel Estrin reports.

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Impasse prolongs Zimbabwe's pain

Zimbabwean President Robert Mugabe is being blamed by his opposition and economists for the collapse of what was once southern Africa's breadbasket. And the nation's current political impasse is only prolonging its pain. Gretchen Wilson reports.

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Fannie Mae sets new loan boundaries

Mortgage applications are up and a new poll says a majority of Americans think now is a good time to buy a home. Still, many who take the plunge are finding themselves up against a new roadblock. Amy Scott reports.

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Bottles with 'BPA' coming off shelves

Wal-Mart says it's going to stop selling baby bottles made with a plastic called BPA, and the Canadian government plans to ban their sale. Meanwhile, glass bottle sales are taking off. Sarah Gardner report