Monday, May 12, 2003 The Marketplace Morning Report with Kai Ryssdal and Tess Vigeland is a series of seven 9-minute business news modules airing weekdays. This timely report delivers a global business newscast and a hard-hitting feature report. Visit the archive to browse previous stories. Note: Each of the broadcasts contains some of the newscast items below and one of the features. Since only a few radio markets get all seven broadcasts, we've made them available below.

Broadcasts Listen: 2:50 | 3:50 | 4:50 | 5:50 | 6:50 | 7:50 | 8:50 (times are a.m., Pacific Standard Time)

Newscast Stories From Washington, DC: Steve Henn previews the FCC’s draft of media ownership rules to be completed Monday. There could be a fallout if the FCC lifts the cap. From New York: Judy Martin reports that Treasury Secretary John Snow could be pushing for a stronger dollar to keep it from falling further. From the Work & Family Desk: Tanya Ott reports that, contrary to popular opinion, a new study finds that working from home doesn’t necessarily improve your life. From New York: Bob Moon reports that AOL’s board of directors could be criticized at the company’s annual meeting. From Rome: Megan Williams has a story on how Italian TV is turning its attention to the country’s aging population. Apparently, older Italian women want less sex on the TV news. From Detroit: Tracy Samilton reports on Michigan colleges’ grab for Canadian high school grads. The schools want to capitalize on the Ontario education change. From London: Steven Beard looks into how UK business leaders are warning Blair of the dangers to the economy if the country doesn’t adopt the euro. From Beijing: Jocelyn Ford reports that SARS hasn’t infected China’s rising exports -- which has some countries, like Mexico, looking nervously over their shoulders. Features Earnings Up After Job Cuts While earnings fared well, for the most part, during the first quarter, the nation’s job situation did not. Market commentator Maxine Shapiro talks about what she thinks has been happening with earnings and employment.

Immigrant Town In tight times for local budgets, new residents bring in more tax revenue to the community. And in some places, an influx of immigrants has turned communities around. Rachel Dornhelm profiles Schenectady, New York, where an exploding Guyanese population has brought new life to a troubled town.

Tax-Free Mutual Funds Since the beginning of the year, tax-free mutual funds have been yielding more than taxable funds. “Newsweek’s” Wall Street editor Alan Sloan looks into this unusual phenomenon in this edition of The Sloan Sessions.