Marketplace PM for March 10, 2006
Posted In: Economy, Washington
The federal budget deficit hit a new high in February -- almost $120 billion. That means the government's going to have to lift the ceiling on how much it can borrow soon. Commentator and humorist Tim Bedore has some ideas of his own about the debt ceiling.
Yesterday, Dubai Ports World said it would transfer management of several American ports to a "US entity." Today, who will take over managing those ports seems less clear. John Dimsdale looks into whether any American companies will bid for the contracts.
In the past year, a Chinese company's plan to purchase an American oil company was scuttled by Congress. Now the Dubai Ports deal appears to be dead. Kai talks with Fareed Zakaria, editor of Newsweek International, about what sort of fears drove the demise of both deals.
Chinese officials announced today that they've created a new court to handle product piracy cases. China is thought to be the world's biggest producer of illegally copied movies, music and software. Bob Moon reports.
CBS has been widely rumored to be negotiating with anchor Katie Couric to host the evening news on that network. Now comes word that Diane Sawyer may interested in moving to ABC's "World News Tonight." Lisa Napoli examines what could happen if two women anchored the major nightly newscasts.
Opera has a reputation for being elitist and expensive, but the Opera Company of Brooklyn is trying to change that. Ashley Milne-Tyte reports that the traveling troupe is offering in-home performances for New Yorkers eager to expand their opera horizons.