Marketplace Money for June 12, 2004

Episode Description 
Marketplace Money for June 12, 2004

From the Money Matters Desk: Consumer report on wedding gifts

Eighty-five dollars. That's the average amount spent on a wedding gift according to the association of bridal consultants. Carley Roney, the co-founder and editor-in-chief of the wedding web site <a href="" target="_blank"></a>, dishes the dirt on wedding gift etiquette.

Commuter Relationships

A recent study found that one in 10 newlywed couples will live apart sometime in the first few years of their marriage because of work, education, or military service. It may not be ideal, but it can work. Cindi Deutschman-Ruiz reports on a modern model of marriage.

"Straight Story": Taxing the Reagan legacy

It's time once again for our economics editor Chris Farrell is to help you sort out what's smart, what's stupid and what's the Straight Story. This week, President Ronald Reagan’s economic legacy is being both admired and abhorred. Chris believes the record is mixed, except for one economic policy that should be remembered.
Posted In: Economy

"Day in the Work Life": Travel Agent

Summer travel season is upon us and it's shaping up to be expensive. With high demand and higher fuel prices sending costs soaring, many Americans are scouring the internet for elusive vacation deals. But there's another way to plan a summer getaway -- remember the travel agent? On this installment of "A Day In the Work Life" -- our weekly look at how folks trade their time for money - we set sail with a travel agent.
Posted In: Jobs

Educating a young CEO

Have you ever dreamed about getting career advice from a Fortune 500 CEO? Well, thanks to a 17-year-old high school senior named Doug Barry, your wish has just come true. Doug spent a good part of his adolescence writing letters to CEOs, asking them how they made it to the top. He’s published their responses in Wisdom for a Young CEO. Kai talks to Doug about the advice and the anecdotes from the big wigs of the business world.
Posted In: Economy

"Buzzword": Stagflation

Life is hard enough without having to decipher everything. Each week, Sound Money will bring you a word or a phrase that has bubbled to the top of the news. For instance - stagflation. You hear it, you see it, but do you really know it?
Posted In: Economy

Mailbag for June 12, 2004

Chris Farrell answers more of your burning money questions...this week, he gives advice on saving for college, investing in personal growth, and choosing between a self-employed 401k and a SEP.

Disaster Insurance

Hurricane season just started. Tornado season is in full progress. This week, rain has severely flooded parts of Texas and it won't be long before the summer fire seasons hits. Insuring your home helps mitigate the financial fallout from a natural disaster. But how much insurance do you need? And what are some of the common mistakes people make when buying a policy? Kai speaks to George Kehrer, the Executive Director of Community Assisting Recovery, Inc., on ways homeowners can protect their properties.

Baby Bell's new ring

Federal rules have forced regional phone companies to give rivals cheap access to their networks. But all that could change this Wednesday. That's when an appeals court decision goes into effect, erasing those federal rules. Critics fear increased network costs could bloat some consumers' phone bills. Lisa Pierce is Vice President at Forrester Research and a telecom expert. She dissects the court's decision with Kai.

Finding your way out of debt

Millions of Americans have turned to credit counseling services to help them handle their debt. But some of those services have filed for bankruptcy. Others have been accused of scamming consumers out of their money. How do you find a service that's reliable? Reporter Steve Henn finds out.
Posted In: Savings

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