Marketplace AM for February 6, 2006
In his State of Union address, President Bush said he'd offer a budget that would cut funding for 140 domestic programs. Today, the President sends that budget request to Capitol Hill, but some wonder if it'll even make a dent in the deficit. Hilary Wicai reports.
Wendy's has seen some frosty sales numbers lately. Today, the fast food company meets with analysts - to try to convince them things are turning around. Marketplace's Janet Babin reports.
Later this week, the federal government will sell 30-year treasury bonds for the first time since 2001.Back then, the U.S. had a budget surplus, and had the money to pay off some of its $8 trillion dollar debt.But now, the deficit is mounting and the money's not there. Newsweek's Alan Sloan looks into whether investors are clamoring to buy the long bond.
India has a growing appetite for oil. To feed that need India's state energy company is close to buying a 30% stake in a Brazilian oil field known as Project Sugar Loaf. Dan Grech reports from the America's Desk.
The price of oil shot up this morning ---in response to the weekend's news that the world's nuclear watchdog has reported Iran to the United Nations. In early trading, U.S. light crude rose more than a dollar to more than $66 dollars a barrel. From London, Marketplace's Stephen Beard reports:
Some things just aren't right for the trash. Rachel Dornhelm says a new rule in California will ban toxic items from the garbage cans.
Max Barry got quite a shock when he went to work in sales at Hewlett Packard after college. He found the business world daunting... and inspirational. He's just written the ultimate satire of life in the corporation. It's called "Company", and it begins with the theft of a donut.
The last few weeks have drawn attention to the dangers of coal mining. Today, the Federal government's asking all coal mines in this country to shut down for about an hour per shift, to make sure safety procedures are intact. Here's Marketplace's Sam Eaton.
China's labor conditions are notoriously bad. This week, millions of Chinese return to the work after the holidays. At least they're supposed to. Jocelyn Ford reports from Beijing.
What if you had to buy a stamp every time you sent an email? That would get pretty expensive. Well, AOL and Yahoo think charging companies per email might be a way to discourage them from spamming you to death. Marketplace's Janet Babin reports.