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Marketplace: Thursday, September 2, 2004

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A look at today's markets (closing numbers)
DOW 121.82 (1.20%) ; NASDAQ 23.02 (1.24%) ; S&P 500 12.40 (1.12%)

Newscast

  • The latest productivity numbers show modest growth. And some are saying that may be a sign that job growth is on the way... Bob Moon has more.
  • Also, a new service promises to spoof caller ID systems. Sounds good! Lisa Napoli reports.

    Listen to all newscast items

  • Features
    A question of fiscal responsibility
    As more airlines announce signs of serious trouble, it looks like the government agency backing up pensions looks like it's facing a crunch. Commentator Richard Ippolito says the problem is that businesses aren't taking responsibility for their obligations.
    Commentator: Richard Ippolito
    Web Resource: How to Reduce the Cost of Federal Pension Insurance, by Richard Ippolito
    And now, even more campaign spending
    President Bush's re-election campaign goes into high gear after he accepts the Republican nomination tonight. He'll be switching from his privately-raised funds to federal campaign funds at the stroke of midnight. So how will the money be spent? Host Cheryl Glaser talks to David Mark of Campaigns and Elections magazine to find out.
    Q + A: Cheryl Glaser with David Mark
    Related Story: Why 'reform' equals more campaign spending
    Frances: Yet another storm hitting Florida
    Emergency officials in 10 Florida counties ordered mandatory evacuations for residents in mobile homes and low-lying areas Thursday as Hurricane Frances swept into the Bahamas and appeared headed toward the U.S. mainland. Ironically, some companies find a silver lining after a storm - if they are prepared...
    Reporter: Robin Sussingham
    Related Story: Florida braces for Frances
    The (bountiful) business of sports
    Another young, talented athlete just took home a windfall. This time, it's 18 year-old English soccer star Wayne Rooney who's just signed up for a $50 million contract with Manchester United. Host Cheryl Glaser talks to Business of Sports Analyst Diana Nyad about how young athletes handle their money.
    Q + A: Cheryl Glaser with Diana Nyad
    Related Story: Wayne Rooney expects the pressure to increase at Manchester United
    Can China be short of labor?
    How could it be that the world's most populous country is suffering a labor shortage? That's a question that's recently been on the minds of everyone with an interest in manufacturing in China. In the southern province Guangdong estimates of worker shortages range from 200,000 to 2 million. We sent Jocelyn Ford to the province known as the "factory of the world" to find out what's going on.
    Reporter: Jocelyn Ford
    Related Story: China's Labor Shortage?
    Coming up on Marketplace...
    Is Speed Racer slowing down?

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