Marketplace AM for November 3, 2005
For 70 years, credit unions have been exempt from taxes because they're non-profit and typically farm their earning back into low-interest loans for members. Now the House Ways and Means Committee considers whether that still makes sense. Cheryl Glaser reports.
The International Energy Agency says oil prices could be much higher in a couple decades. Unless... Middle East countries start spending billions on new production. From London, Stephen Beard reports.
In China, the rich are getting richer. It took $125 million to make the new Forbes list of the 200 wealthiest Chinese. So who are these people making big bread in a communist country? Jocelyn Ford reports from Beijing.
The Muslim holiday Eid begins today. It marks the end of Ramadan and is typically a time for shopping. Borzou Daragahi checks in with how Eid sales are doing in the markets of Baghdad.
The Senate on Thursday is scheduled to vote on a budget reconciliation bill that among other things would cut Medicaid, farm subsidies, and student financial aid, and open ANWR to drilling. Hillary Wicai reports.