Marketplace AM for December 8, 2004
Get used to hearing about CAFTA: the Central American Free Trade Agreement. Like its predecessor, NAFTA, the NORTH American Free Trade Agreement, CAFTA would reduce tariffs on trade between America and its neighbors - in this case, El Salvador, Guatemala, Honduras, Nicaragua, and Costa Rica. CAFTA is high on the agenda of the Bush administration. But, it's already the subject of a bitter fight between U.S. businesses and labor. Marketplace commentator Robert Reich tells us why he thinks that battle is a sideshow.
America has long been considered the leader in global aviation. But its leadership position has been overshadowed during the past couple of decades by the emergence of the European consortium Airbus. Host Kai Ryssdal talks to Stephen Aris, author of Close to the Sun, about how Airbus changed the world's aircraft industry.
An announcement yesterday from the Egyptian government: 20 more gilded mummies have been found at an oasis in Western Egypt. 214 others have been discovered in the region. Guess that's why they call it the 'Valley of the Gilded Mummies'. Five bronze coins were found with the mummies--payment for the trip to the afterlife. Nowadays, you pay up front. From upstate New York, North Country Public Radio's Brian Mann reports on a final resting place that could set you back a million and a half dollars.