Marketplace AM for August 2, 2006

Episode Description 

Every day should be a tax holiday

Commentator Robert Reich argues that most Americans would be better off if we abolished sales taxes in favor of progressive, graduated income taxes.

Palestinian struggle worsens

While the world's attention is focused on the crisis in Lebanon, Stephen Beard reports the economic situation in another troubled part of the Middle East is growing increasingly dire.
Posted In: Canada

AOL to drop subscription fees

In what could be a preemptive strike to counter poor earnings out today, Time Warner plans to announce yet another turnaround plan for its troubled AOL unit. Amy Scott reports.
Posted In: Science

Big Three continue to shrink

US automakers are banking on the appeal of smaller SUV cross-over vehicles in an effort to avoid disappointing sales figures like those released yesterday. Stacey Vanek-Smith reports.

Another wave of Cubans?

Cuba's government says Fidel Castro is in stable condition this morning, but if he dies, there could be another exodus of Cubans to Miami. Dan Grech takes a look at the economic impacts from past inflows of Cuban exiles.
Posted In: Canada

High-priced OJ

Orange juice futures hit a 15-year high yesterday. Ashley Milne-Tyte looks at why.

Dissatisfied with Medicare Part D

A new survey shows 70 percent of users are dissatisfied with the government's Medicare Part D program. Helen Palmer reports.
Posted In: Health

Bribes weaken China's defense budget

Chinese army inspectors have launched a campaign against corruption that's eating up about $36 billion from the country's growing defense budget this year. Jocelyn Ford reports.
Posted In: Canada

Rolling Stones got their shelter

Details of the Rolling Stones' financial affairs have just been made public, and they reveal a shockingly low tax bill, Stephen Beard reports.
Posted In: Canada

Rebuilding in Iraq hampered by waste, corruption

A government watchdog says widespread corruption and a lack of coordination is hampering reconstruction in Iraq. A Special Inspector General is set to testify today before a Senate committee. Amy Scott reports.
Posted In: Canada, Washington

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