A look at today's markets (closing numbers)
DOW 88.43 (.86%) ; NASDAQ 18.57 (.97%) ; S&P 500 10.19 (.92%)
Newscast
A picture says a thousand words. In the case of the photographs from the Abu Grayb prison, the words are mostly indecent. They show U.S. troops smiling, posing and laughing at the torture and humiliation of Iraqi detainees. But as we're learning on this May 3rd, those now infamous pictures don't tell the whole story. As early as February, Army Major General Antonio Taguba completed a 53-page report on abuses at the prison--an internal document not intended for publication. Marketplace has obtained a copy of the Taguba report - and so did reporter Seymour Hirsch.
This has become a PR nightmare for the Army - and for the White House. Today, a presidential spokesman insisted those responsible will be held fully accountable. But perhaps not everyone. The long arm of the law may not reach to businesses profiting from their work at the prison.
The U.S. ambassador to Saudi Arabia is urging Americans to leave that country. A weekend shooting rampage there left five Westerners dead. The body of an American worker was tied to a car and dragged naked through the streets in the industrial city of Yanbu.
Frank Quattrone used to be a star investment banker back during the heyday of the tech boom. A few years ago when federal investigators were looking into stock allocation practices at Credit Suisse First Boston, Quattrone fired off a 22 word email. The message encouraged his colleagues at the bank to destroy documents. Today, that email won Mr. Quattrone three guilty verdicts: obstructing a grand jury, obstructing federal regulators and witness tampering.
The Kerry Advisors On Tuesday the Fed holds another meeting to look at interest rates. Most business savvy folks know that. But did you know Alan Greenspan's term as chairman of the Fed ends June 20th? Most don't. It's assumed the 78-year-old Fed Chief will be reappointed ... but by 2006, he has to leave the board altogether. And apres Greenspan, then what? John Kerry is quoted as saying he'd like to see former Treasury Secretary Robert Rubin take Greenspan's place. It looks like the Democrat's presidential nominee-apparent is clearly trying to build some economic bench strength.
Reporter: John Dimsdale
Guest-worker Plan
Remember President Bush's proposal for a guest worker program? It would permit U.S. employers to bring on foreign workers so long as they fill jobs Americans "are not willing to take." But those workers would be temporary and - most wouldn't become citizens. Well, tomorrow, Democrats in the Senate plan to propose an alternative. It would put millions of illegal immigrants on the path to citizenship, but allow in fewer foreign workers. Both approaches have problems.
Commentator: James Galbraith
Gaming - In China
In the midst of last week's Google madness, you may missed the news about another tech company's plans for an IPO. Heard of Shanda? They make millions in fees from on-line gamers - in China. The game craze there has made Shanda's owner the sixth richest man in that country. Yet investors have been slow to make their move. Until now...
Reporter: Jocelyn Ford
Starting Over
Another Monday - another day at the salt mines. What do you do when your job becomes -- just a job? That's been the complaint of many of the folks we've met in our series "Starting Over". The solution often begins by following one's bliss. Getting buy-in from the rest of the family .... that's another matter. From our Work and Family Desk, we meet a woman who found her calling but had someone else to answer to. Reporter: Jo Giese
Coming up on Marketplace...
How do you value cultural relics? Is it worth paying top dollar to keep them in shape or are taxpayer funds better spent on more pressing concerns? For some, money is not the issue.
Listen (entire show) | how to listen | sign up for newsletter | order transcript
DOW 88.43 (.86%) ; 
Music Bridge: I See You Baby - Groove Armada 
