Marketplace PM for December 15, 2005
Posted In: Wall Street
Former Senator William Proximire died today. The Wisconsin Democrat was legendary for his crusades against government waste and excess spending. He was also one of Marketplace's early commentators. In tribute, Marketplace revisited the first commentary the Senator wrote for us - in 1989.
The president has requested approximately $3 billion to repair New Orleans' levees. But the commitment is far less than local officials say is needed to withstand future hurricanes. John Dimsdale reports.
New York is bracing for a possible transit strike, and millions of subway commuters may have to find another way to work. Amy Scott reports on preparations businesses are making.
GM announced it'll no longer contribute matching funds to white collar workers' 401(k) plans. It's also cutting back on severance pay benefits. So how are the rank and file feeling? Alisa Roth reports.