Marketplace PM for January 27, 2006

Episode Description 
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The limits of lobby reform

All week, members of Congress have been debating limits on lobbying to prevent the abuses of now-disgraced lobbyist Jack Abramoff. But commentator Jeff Birnbaum says the worst abuses have to do with Congressional fundraising, not lobbying.
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The week on Wall Street

David Johnson's on vacation, but economist Chris Low from First Tennessee Bank is on hand to tell host Kai Ryssdal about the week that was on Wall Street.
Posted In: Wall Street
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Moral consequences

GDP growth slipped significantly last quarter. Harvard economist Benjamin Friedman says that societies can lose their moral compass when economic growth weakens. He speaks to Kai about his new book, "The Moral Consequences of Economic Growth."
Posted In: Economy
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Global Greenspan

Alan Greenspan, the steady hand at the helm of the Federal Reserve, steps down after 18 years in office next week. Foreign investors have come to rely on Greenspan's predictability for investing in the US and the dollar, but will all that change when Ben Bernanke takes over the Fed? Stephen Beard reports.
Posted In: Economy
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GDP slows

The economy grew at only a 1.1% annual rate last quarter. It's the slowest pace in three years and raises serious questions, both about the state of the economy and the accuracy of economists' predictions. Most number crunchers had expected the economy to grow much more quickly. Bob Moon has the story.
Posted In: Economy
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KBR IPO

Halliburton said today that it plans to spin off a stake of its KBR unit, which is the largest US contractor in Iraq. But KBR isn't as profitable as many of Halliburton's other businesses. John Dimsdale looks into whether the deal makes sense.
Posted In: Wall Street
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Steel merger

Mittal Steel, the world's biggest steelmaker, made a $23 billion hostile bid for rival Arcelor today. Arcelor is the world's second biggest steelmaker, and a combination of the two companies would be more than three times as big as nearest rival Nippon Steel. Amy Scott has more.
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British prostitution

A leading medical journal in Britain advocated today for legalized prostitution there. From the Health Desk at WGBH, Helen Palmer reports that health costs were a primary reason behind the endorsement.
Posted In: Canada, Health

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