06/30/06
Marketplace PM for June 30, 2006
Episode Description:
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Kerkorian pushes 3-way automaker deal
Today, billionaire investor Kirk Kerkorian urged troubled carmaker General Motors to consider partnering with Nissan and Renault. Host Tess Vigeland speaks to the New York Times' Micheline Maynard about the story.
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Orbitz travel service sold
The Internet firm Cendant sold its Orbitz travel booking site to the Blackstone Group for $4 billion. Marketplace's Jeff Tyler reports that Cendant's looking to keep its business simple.
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National savings rate is down
An important indicator of American wealth shows personal incomes are up. But, savings are down. Marketplace's Amy Scott reports on what that means.
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IRS gets soaked
The Internal Revenue Service is shutting down. But, alas, not for good. Marketplace's Hillary Wicai reports that the East Coast floods have washed out the taxman — but just temporarily.
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The key to Japan's recovery? Elvisnomics
<strong>NEWS ANALYSIS:</strong> The visit of President Bush and Japanese Prime Minister Koizumi to Elvis Presley's Graceland mansion brings to light The King's views on economic policy. Reporter Kim Green explains to Tess Vigeland.
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The Week on Wall Street
Host Tess Vigeland talks with Dallas stockbroker David Johnson about the week on Wall Street and what may be in store for the markets to come.
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Is a philanthropic monopoly a good thing?
Political philosopher and commentator Benjamin Barber worries that Warren Buffett's bequest to the Gates Foundation may pose threats to civil society and philanthropy that people haven't considered.
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The road to privatization
Some of the hottest American real estate these days is the nation's tollway system. Indiana announced this week a 75-year lease of its toll roads to foreign investors for $3.8 billion. Chicago Public Radio's Diantha Parker reports.
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