01/05/07
Marketplace PM for January 5, 2007
Episode Description:
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New rule: Pay as you go
House Democrats have reinstated a rule that requires new spending to be matched by either a tax increase or cuts to something else in the federal budget. John Dimsdale reports.
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Second Life gets a reality check
The virtual-reality website Second Life boasts more than 2.3 million residents. But a reporter found that only 250,000 have returned after signing up. Another case of cyber hype? Amy Scott reports.
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New Iraq plan: Spend a lot more
Details of President Bush's plan for Iraq are leaking out. It would involve spending a lot more money. Rick Barton with the Center for Strategic and International Studies talks with Kai Ryssdal about the plan.
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Airlines vie for profitable China route
The Chinese government has approved one additional air route between the U.S. and Beijing or Shanghai. And the Department of Transportation is about to give it to one lucky airline. Ramy Inocencio reports.
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Week on Wall Street
Stockbroker and business analyst David Johnson discusses with host Kai Ryssdal what happened on Wall Street this week and what may lie ahead.
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A deal's a deal
Democrats want to reverse a bill that gave energy companies tax cuts and allowed them to skip paying royalties. Commentator David Frum agrees it was bad legislation, but he thinks Congress should stick with it.
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Labor may enjoy a few more fruits
In America, Europe and Japan, workers could be in for a bigger slice of the prosperity pie as labor gains a stronger bargaining position. Stephen Beard reports.
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A wake-up call for the cell-phone industry
Motorola today cut its projections for 4th-quarter growth. And some on Wall Street worry the news might mean trouble for the whole mobile-phone industry. Jeff Tyler reports.
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