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The next Pope, and financial questions that remain

Apr 4, 2005
As the Vatican prepares for the funeral of Pope John Paul II, observers are already starting to wonder about his successor. One of the biggest questions the new pope will face is how much of the church's resources should be invested in outreach... And how much should be spent addressing internal issues which threaten the survival of the church. Megan Williams reports from Rome.
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Pope John Paul II is near death

Apr 1, 2005
It has been 26 years. The third longest papacy in the nearly 2,000 year history of the church. Pope John Paul II is head of one of the wealthiest institutions in the world. To advance the causes dearest to him, he's managed a Vatican budget estimated at $300 million a year. From the Marketplace Foreign Desk, Julie Small looks at what the numbers tell us about his character and his likely legacy.
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China: environmentally friendly or just pretending?

Apr 1, 2005
This week the Chinese government hosted its first ever international conference on green buildings. These are houses and offices that consume less energy and raw materials. If anything, the economic boom has made the country more ravenous. Last year China used as much steel as the U.S. and Japan combined. It's now the biggest coal consumer in the world. Second in oil consumption. Just how serious is China in going green? Marketplace's Jocelyn Ford reports.
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Old racing horses get a second chance on the track

Apr 1, 2005
Seabiscuit... Chances are you've read the book or seen the movie. If you haven't, it's the story of a washed up horse that is nursed back to health and ends up becoming a champion racer. It might sound a little cinematic for the modern track. But Marketplace's London bureau Chief Stephen Beard found a British stable which is doing just that. And it's paying off...
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Zimbabwe votes, Mugabe wins, economy stinks

Mar 31, 2005
Zimbabweans cast their votes today in a parliamentary election. We can safely project a winner. President Robert Mugabe and his party. This despite the fact that his country's economy is not what you'd call healthy. You may have heard of Mugabe's land reform program... The one to transfer farm ownership from whites to blacks. The scheme has been riddled with allegations of corruption. Still it looks like the President's managed to squeeze political profit out of this. Gretchen Wilson has the story.
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Zimbabwe's elections, and a bad economy.

Mar 31, 2005
Voters go to the polls today in Zimbabwe for parliamentary elections. Most will not be surprised if President Robert Mugabe's ruling party wins by a wide margin. The opposition has seized on the failing economy as a campaign issue. As Gretchen Wilson reports, even those earning money feel like losers.
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Israel's budget - Ariel Sharon makes his play

Mar 29, 2005
It was budget day in Israel. If the budget doesnA¹t pass, the government automatically falls. Serious business. And this year, even more at stake. Prime Minister Ariel Sharon has a plan to pull out of Gaza. Opponents tried to use the budget battle to derail that plan. It now appears Sharon outmaneuvered them all. The budget's been approved. As Nancy Updike reports, all it took was political savvy - and a lot of money.
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Oil and gas shortages: Is there a refinery shortage?

Mar 29, 2005
Oil prices fell slightly Monday - stopping at just over $54 a barrel. But don't get too excited. Demand is expected to keep the price of oil high in the coming months. There's also a scarcity problem. Not of the fuel itself, but as Marketplace's Jeff Tyler reports, there's a shortage of refineries to turn oil into usable gasoline. Meanwhile, not everyone buys into the theory that high oil prices are here to stay. Commentator Vijay Vaitheeswaran says don't bet on it.
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New Delhi's poor use rural skills to better their lives

Mar 28, 2005
Police on an island off the Sumatran coast fear there may be scores dead after today's earthquake. Across Southeast Asia, countries issued tsunami warnings. But there were no reports of killer waves. The people of India often feel at the mercy of mother nature. Each year they hold their breath to see if the monsoons will bless the farm economy. Its not uncommon for farm folk to give up and head to the cities in search of a better life. But with only rural skills, many find themselves in the slums. That doesn't mean there can't be opportunities. In South Delhi, there's a local program called Project Return. As Judith Ritter reports, the idea is to try to make rural skills pay off in the big city.
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Exploring the United Nations and that Oil-for-Food program

Mar 25, 2005
There's a new report on the UN's oil-for-food program with Iraq. It's been prepared by a UN panel investigating charges of corruption and kickbacks. That panel is headed up by former Federal Reserve chairman Paul Volker. The new findings have not yet been made public. That won't happen until Tuesday. But some who have seen the new report are already talking. They've been talking to reporter Yochi Dreazen of the Wall Street Journal...
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