Marketplace PM for January 26, 2005
Just when it seemed the traditional company pension was on its way out, one telecommunications giant is bringing it back. For years, companies have been dropping their defined benefit plans in favor of less expensive employee-funded plans. But this week SBC Communications changed course, saying it wanted to reward long-time managers. As Marketplace's Amy Scott reports, there may be other reasons as well.
More than meets the eye? Marketplace commentator Robert Reich says the national deficit, which is growing once more this year to a record $427 billion, doesn't take into account war expenditures, permanent tax cuts, and paying interest on federal borrowing, let alone the privatization of Social Security. So how much is it?
One month ago, an 8.5 magnitude earthquake struck the Indian Ocean, creating a tsunami that killed hundreds of thousands and devastated southeast Asia. Marketplace looks back at the disaster, the relief effort and the lasting impact of that enormous wave.
The average American kid sees or hears about 5,000 food and restaurant commercials each year, which worries many parental and community activists, but food makers disagree, pointing to what they believe is a history of success at self-regulation. In fact, several food makers are now working together to protect advertising junk food to kids from federal regulation.
If the U.S. succeeds in selling democracy... who profits then? National political parties band together in working abroad. Marketplace's John Dimsdale reports.