Marketplace AM for March 16, 2005
Today's report on the gap in America's current accounts deficit with the rest of the world is a whopper -- $58.3 billion this past quarter. That's the difference between what we purchased from other countries and what they bought from us. It also includes foreign investments in this country. It's certainly a formidable figure... But what exactly does a high trade deficit really mean? In this segment of the Public's Business, Marketplace commentator Robert Reich offers his answer.
Posted In: Wall Street
Today is the deadline for companies to report to regulators on the measures they've taken to control fraud. It's all part of The Sarbanes-Oxley Act... the measure passed in 2002 after the Enron and WorldCom scandals. Among other things, the act increased management's accountability for companies' books and created new internal controls. But Sarbanes-Oxley has created something else: an unexpected windfall for small and mid-sized accounting firms. Alisa Roth reports from New York.