Marketplace PM for January 11, 2005

Episode Description 

Hispanic banking (or lack thereof)

Many Mexicans work low-paying jobs in the states, and send money to support relatives back home. Last year, those remittances were worth about $15 billion. But that money rarely travels by way of a bank. In fact, many Latinos - even those living for decades in this country - don't use banks at all. As Marketplace's Jeff Tyler reports, some financial services companies are starting to recognize the untapped potential of those some call the "unbanked."

Conflicts, rivalries, and aid

The outpouring of aid to southern Asia has put the spotlight on local conflicts - between rebels and the governments of both Indonesia and Sri Lanka. Today the United Nations said the tensions have not gotten in the way of delivering aid to tsunami victims. We sent reporter Miranda Kennedy to a relief camp in Sri Lanka - deep in territory controlled by the separatist Tamil Tigers - to see how the rivalries are playing out on ground level.

Aid corruption

So far, more than 60 nations have pledged about $4 billion in aid to the victims of the Asian tsunami disaster. The question is how to disburse it. The United Nations just turned to an outside accounting firm to help track those billions. Price Waterhouse will investigate any credible allegations of fraud, waste, or abuse. Commentator Glenn Yago says there's an even better way to make sure aid gets where it's needed...

Tomorrow: Securities and the Supreme Court

After the collapse of corporate giants like Enron, Worldcom, and the like, investors brought a string of lawsuits claiming billions were lost because companies lied about their condition. Tricky thing though: to prove that something the company said was what caused investors to lose money. Tomorrow at the Supreme Court: arguments in a case that's being called one of the most important in securities law in a decade. David Skeel is a professor of law at the University of Pennsylvania...

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