Marketplace PM for November 3, 2004
Looking back at the Democrats' rhetoric in this presidential election, commentator Robert Reich declares policy without moral conviction just doesn't inspire American voters.
A day after America Online announced 700 job cuts, Time Warner reported its third quarter earnings were down almost 8 percent. The media conglomerate is also setting aside a $500 million legal reserve to pay for continuing regulatory investigations. Hillary Wicai looks into Time Warner's troubles.
This week in New York City, major works of impressionist, modern and contemporary art are on the auction block. Sales are expected to be huge, as more and more collectors enter the market. Ashley Milne-Tyte gets a sense of what's fueling the art auction fever.
In Arizona, voters passed Proposition 200, which targets illegal immigrants entering the state from Mexico. Individuals will now have to prove eligibility when applying for non-federally mandated public benefits. Is the Arizona measure just the beginning of a nationwide trend? From the America's Desk, Dan Grech reports.
After exit poll failures in 2000 and 2002, two veteran outfits collaborated as the National Election Pool, but results were still inaccurate this year. Early exit polls indicated John Kerry would fare much better than he did when the actual votes were counted. Marketplace's Lisa Napoli looks into what's gone wrong in the exit poll business.
The 2004 election was the first under the McCain-Feingold Bill. As voters emerge from the swamp of political ads, Marketplace's John Dimsdale takes a look back at the success of campaign finance reform.
Conservative groups were successful in turning out voters for the President. Marketplace host David Brown speaks with Economist editor Adrian Wooldridge about the people that make up Bush's base.