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Zimbabwe land reform

| Apr 19, 2005
When Zimbabwe launched its land reform efforts five years ago, the media focused much of its attention on the white farmers who were targeted for removal. But it's not just farm owners who've fled the country. Gretchen Wilson reports that as Zimbabwe's economy has collapsed, its farm workers have found that leaving the country is one of the only ways left to survive.

Vatican in the red

| Apr 18, 2005
The conclave of cardinals met in Rome today to begin the business of choosing a new pope. But black smoke rose from the chimney of the Sistine Chapel--indicating the cardinals so far haven't agreed on a successor to John Paul II. Once a new pope is elected, not only will will he have to care for the souls of more than a billion church followers worldwide, he'll also have to pull the Vatican out of the red. From Rome, Megan Williams reports.
Posted In: Canada

Make mine metal

| Apr 18, 2005
Hasbro, the country's number two toy manufacturer, reported an unexpected first-quarter loss today. The maker of Mr. Potato Head and Star Wars action figures has been hit by competition from video games and iPods. But Hasbro also says the price of oil--used in plastics--is cutting into profits. Higher oil prices aren't the only reason some manufacturers are turning away from the synthetic stuff. Dennis Nishi reports.

Phillip Purcell won't leave Morgan Stanley

| Apr 18, 2005
Once upon a time there was a magical investment bank called Morgan Stanley. It made lots of money giving advice on corporate mergers and helping companies sell new stocks and bonds. But then some former executives decided they didn't like CEO Phillip Purcell, and they asked him to leave.Mister Purcell said no.So several of Morgan Stanley's big dealmakers quit. Here's where it starts to get scary. 200 pensions funds are now calling for a meeting--as early as this week--to talk about the company's future. The drama all dates back to 1997 when Morgan Stanley hooked up with the humdrum Dean Witter, which made some of its money selling mutual funds at Sears. David Wells of the Financial Times says this is one case where Cinderella's prince may have turned into a frog.
Posted In: Wall Street

The Loh-Down: TransEthnics

| Apr 18, 2005
Looking for a way to de-stress after a week of tax anxiety? Commentator Sandra Tsing-Loh says odds are, you picked up some soothing green tea over the weekend or signed on for a few sessions of tai-chi. In this edition of the Loh-Down, she says an ethnic trend has hit ever-trendy Los Angeles and show signs of spreading:

Leaving Boston

| Apr 18, 2005
Last week we got word The Atlantic Monthly is moving the last of its staff out of Boston -- where it's been since 1857. It's yet another blow to Boston's business community, which has lost some big-name companies to outsiders in recent years. Boston-based giants like Fleet Bank, John Hancock and Gillette all have new homes now. What happens when so many businesses pack-up and leave the town that made them famous? From Boston, reporter Monica Brady-Myerov takes a look.

Hard Sell

| Apr 18, 2005
Imagine for just a second you're twenty five years old with a trunk-full of prescription drugs in your car.Nothing illegal here. You're a pharmaceutical drug rep...going door to door trying to convince doctors to use your products. Jamie Reedy wrote about his experiences selling Viagra...and himself a little bit...in his book...Hard Sell.

The "Buzzword": Specialists

| Apr 16, 2005
Life is hard enough without having to decipher everything. Each week, Sound Money brings you a word or a phrase that has bubbled to the top of the news. For instance - "Specialists." You hear it, you see it, but do you really know it?

"Day in the Work Life" Artist

| Apr 16, 2005
This week David Rockefeller pledged a hundred million bucks to MOMA's endowment. It's the biggest cash gift in the museum's history. On this week's "A Day In the Work Life" -- our regular look at how folks trade time for money -- we meet an artist who runs an art collective on a significantly smaller budget.
Posted In: Jobs

The Mailbag for April 15, 2005

| Apr 16, 2005
Our economics editor Chris Farrell answers more of your burning money questions. This week: advice on choosing between term and life insurance, stemming the flood of credit card solicitations, and finding the right balance of stocks and bonds in a retirement account.
Posted In: Investing

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