Marketplace PM for March 15, 2005
Posted In: Canada
$250 million. That's how much it cost to assemble the greatest team in the history of soccer. After all, when you sign players like David Beckham, what do you expect? More than two straight losing seasons, that's for sure. The president of Spain's star-studded soccer team is ready for a change. Real Madrid will sell off the marquee talent and put the money into making a winner. Marketplace's European Bureau Chief Steven Beard reports.
Posted In: Canada
Feel overworked and stressed out? Angry at your employer, perhaps? If so, you fit the profile. There's a new study out today from the Families and Work Institute. They surveyed workers in the U.S. Survey says? About a third feel overworked. Nearly a quarter of them are also clinically depressed. As more American jobs are outsourced, companies may be spreading something else. From New Delhi, Miranda Kennedy reports on a growing burnout factor.
The right calls it a crisis. The left insists it isn't. After Fed Chief Alan Greenspan waded into the Social Security debate, a Senator called him a political hack. Unusually harsh words for a Fed Chairman. Today, Mr. Greenspan was back on the Hill and back in the fray. But at a Senate hearing, he offered a suggestion to remove some of the bitterness. As our own John Dimsdale reports, it's an approach Mr. Greenspan has some personal experience with.
Today the House Way and Means Committee took up something called TAN-F. You've probably heard of 'Temporary Assistance for Needy Families'. During the Clinton years, 'TAN-F' largely replaced what most folks used to call 'welfare'... Perhaps another rethink is due. In a new book, University of Pennsylvania Sociologist Kathryn Edin writes that there's a new war on poverty. It's called 'promoting marriage'...
Posted In: Wall Street
Tomorrow's the deadline for many businesses to let investors behind the curtain. Remember something called the Sarbanes-Oxley act? Nowadays publicly traded companies have to give investors the lowdown of lots of details..From inventory tracking to computer security and nooks and crannies in between. This is serious financial housekeeping. Not the sort of job you farm out to a temp worker. Then again, maybe its just a question of finding the right kind of temp worker. From Seattle, Cathy Duchamp reports.