Marketplace AM for November 29, 2004
Newsweek magazine's Wall Street editor Allan Sloan discusses the plight of the Pension Benefit Guaranty Corporation. It's $23 billion in the hole, which is bad news if you're counting on the PBGC to back your pension.
Universities in California are preparing for a tidal wave of students. Baby boomer children are fueling college enrollment, but there's only so much room. At the same time, the state is cutting education spending and programs to balance its budget. The answer for some students is to leave California, and go to the Midwest instead. South Dakota Public Radio's Curt Nickisch has the story.