Marketplace PM for February 25, 2005
It's Friday. And you know what that means. The time to check the week on Wall Street, with stockbroker and business analyst David Johnson in Dallas.
Gambling on the outcome of Sunday's Academy Awards is illegal here in the U.S. And that includes Nevada. If you could, though... The oddsmakers seem to think it's the Aviator that'll take best picture. Here's something you can bet on: A seriously lavish fashion show. Commentator and attorney Conrad Teitell wonders who'll be paying for it.
This week, French President Chirac seemed to be serious about mending fences with President Bush. What's next: an American-style workweek? Maybe... Next week, the French Senate is expected to confirm a measure that could doom the 35 hour workweek. The Government in Paris says 'in a global economy, France must get more competitive'. From our European Desk, Steven Beard reports.
The nation's governors are holding a conference in Washington over the next few days. Many of them are upset with one of their alums. A Former Texas Governor wants to cut federal funds for a program that's already a budget buster for the states. And now that he's president, he just might have the power to do it. Marketplace's Scott Tong reports on concerns about Medicaid.
There's a credit card company that asks "what's in your wallet?" If you say "my wallet's empty", creditors start to panic. Last year, more than a million and a half Americans said bye-bye to their debts by filing for bankruptcy. For many years now, creditors have been begging Congress to make it harder for consumers to walk away. This may be the year they get what they've been asking for. Marketplace's Amy Scott reports that on Monday, the Senate takes up bankruptcy reform.
Sales of existing homes ticked down a tenth of a percent in January. It's still the seventh highest pace on record. That from the National Association of Realtors. Plenty of factors go into picking a new place to live. And its obviously not just the price. Take Santa Clara County in Northern California. The median home price there is now $615,000. They're willing to pay that kind of money, in part, because of the schools. But shopping around for the right school has become more of a numbers game than you might imagine. Marketplace Work and Family correspondent Sarah Gardner reports.