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Now Playing: 3-26-13 Marketplace

Struggling to compete against its bigger rivals like AT&T and Verizon, T-Mobile has made an announcement that it is canceling new phone contracts that lock you in for wireless services. The practice is common among small companies, like MetroPCS, but T-Mobile would be the carrier with the largest footprint to make the switch. Also, our Wealth & Poverty Desk begins a new series about the "safety net" that we rely on to take risks and sometimes make ends meet. And finally, how hard is it to make the perfect "hoodie" sweatshirt?