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Marketplace PM for June 30, 2006

Episode Description 

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.

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.

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.
Posted In: Economy

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.
Posted In: Washington

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.
Posted In: Canada, Washington

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.
Posted In: Wall Street

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.

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.
Posted In: Canada