Marketplace PM for November 2, 2005
Warner Bros. will lay off about 5% of its movie and TV workforce due to slow DVD sales. Time Warner, meanwhile, saw third-quarter earnings rise 80%. But wait, there's more. Alisa Roth reports from New York.
A presidential panel plans to modify or eliminate a zillion tax deductions and credits, among them the sacred mortgage-interest deduction. Bring it on, says Marketplace commentator Robert Reich.
There are campaign finance laws governing how political ad money can be spent on TV, radio, etc. But what about online? As Scott Tong reports, the House took up Internet political spending today.
Hollywood, plagued by piracy, wants Congress to block something called "the analog hole." Tomorrow the House begins hearings. Kai Ryssdal asked Variety's Bill Tripplett: "What exactly IS the analog hole?"
Muslims mark the end of Ramadan tomorrow. It's been a month filled with fasting, Koran reading, and spiritual reflection. But Ramadan has also become a retail bonanza. From Jerusalem, Hilary Krieger reports.