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Market Mayhem and Whale Watching
March 17, 2008 12:53 PM
We just got out of our morning meeting where we outline what stories we plan on airing that night. As always, our plan can change as the day's news warrants, but here is what we are looking at for so far.
We'll be keeping a close eye on the economy today as the collapse of Investment giant Bear Sterns continues to make waves on Wall Street. Rival JP Morgan Chase bought Sterns for $2 a share and in a move to calm the markets and other banks, the Fed cut interest rates for the fifth time since September. Across the globe, fear is spreading that other banks may follow suit and the entire market will be affected. We are looking into possible angles on this developing story.
Jeffrey Koffman takes us to Chile's coast of Corcovado tonight on a rare whale expedition with Chilean scientists who are studying an unusually large population of blue whales that until recently no one knew existed. Commercial whaling had brought the species to the brink of extinction, but in 1997, three Chilean scientists stumbled upon - largely by accident- what appeared to be a blue whale haven on the coast of Corcovado. It took 6 years to raise enough money to return to the coast- but since 2003- these scientists continue to make the incredible voyage to a refuge that may very well hold the key to the specie's survival
March 17, 2008 | Permalink | Share | User Comments (1)
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Who cares about Wall Street when apples are 2.79 a lb.? How is it that no one understands that the Iraq war is causing America to be destroyed from the inside? We are still borrowing from China on top of the biggest multi-trillion dollar debt ever and the Federal Reserve responds by pumping more money into the economy making every dollar worth less. So the price of everything goes up while wages remain little changed. Anyone having to choose between walking away from an over-priced house VS putting food on the table doesn't really have to struggle with that question. SO let the dominoes fall. In five years when the information about how the Federal Reserve destroyed America comes to critical mass, it will already be too late.
Posted by: Max | Mar 17, 2008 1:19:57 PM
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