06/28/06
Marketplace PM for June 28, 2006
Episode Description:
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Housing bubble deflating
Commentator Robert Reich says the time has come to declare the housing boom officially over.
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Foster care to the streets
When foster children turn 18, states are no longer responsible for their well-being. In places such as Los Angeles County, more than half are homeless within six months of aging out of foster care. Jeff Tyler reports.
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USPS joins forces with rival UPS
UPS announced today it has won a contract to fly priority and first-class US mail on its airplanes, a deal that could spell trouble for FedEx — and passenger airlines. Amy Scott reports.
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Broken (merger) record
There's been a big music business merger in the works for years — but Warner Music and EMI can't agree which company will buy out the other. Bob Moon has the story.
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New welfare work rules
The Department of Health and Human Services announces new welfare to work rules today. The move may force thousands of people off of welfare rolls. Hillary Wicai reports.
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Introducing the pimp tax
The Senate Finance Committee holds hearings today on whether pimps should be forced to pay taxes for their ill-gotten gains, as Congress takes a page from the Elliott Ness playbook to deal with prostitution. Scott Tong reports.
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World free trade talks
Government ministers gather in Geneva tomorrow for a last ditch effort to save the Doha round of global trade talks. If the talks fail, the economic consequences could be dire. Stephen Beard reports.
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