Marketplace PM for January 5, 2005
A profound shift in the culture of giving. That headline from today's Christian Science Monitor. As of yesterday, private donors have given more than $200 million for relief. One charity says online pledges were coming in at the rate of a hundred thousand dollars an hour. It won't be long before private donations top the $350 million pledged so far by the U-S government. But given the generosity of private donors, does it make sense for Washington to give more? Commentator and economist Stephen King.
Tomorrow the Department of Homeland Security will announce a National Response Plan -- guidelines for the wake of nuclear or biological attack. The Department is also working out a response to a dirty bomb. If a terrorist got some radiological material - cobalt 60 is in thousands of hospitals-- it wouldn't take much know-how to make a device that could spread radioactive particles for miles. From the Health Desk at WGBH, Helen Palmer reports what at issue is how much cleanup a dirty bomb would require -- and what that would cost.
Companies spend lots of time and money trying to build brand name recognition. Now that Bank of America has acquired Fleet Bank, you'd think that maybe B-of-A would like to turn Boston's sports arena - the Fleet Center - into the Bank of America center? Not a chance. Marketplace Business Editor Cheryl Glaser explains why.
In satellite radio, two players dominate. XM is the big boy, with more than 3 million customers. But Sirius Satellite Radio is coming up from behind. It's latest move: a team-up with Microsoft to offer radio... with pictures. Marketplace's Jeff Tyler explains.
We're only five days into the New Year and the FCC's investigating another scandal. On the Jay Leno Show Friday night, you may have heard Motley Crue's Vince Neil wishing bandmate Tommy Lee a happy "bleep" New Year. And we're off to a rockin' 2005. To help us look at what's ahead in the media industry, Frank Ahrens. He covers the media business for the Washington Post.
Governments around the world have pledged more than $3 billion to help the victims of the Asian tsunami. How to spend that money? That's on the table tomorrow - at an international summit in Jakarta. Also on the agenda is a British plan for debt relief. From London, Marketplace's Stephen Beard reports.