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Marketplace: Wednesday, October 6, 2004

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A look at today's markets (closing numbers)
DOW 62.24 (0.61%) ; NASDAQ 15.53 (0.79%) ; S&P 500 7.57 (0.67%)

Newscast

  • Here's our top story on this October 6th: after much fighting between House and Senate negotiators, we have a corporate tax bill that politicians of both stripes are ready to agree upon. It's sprinkled with goodies including a one year tax holiday for multinational companies that want to bring foreign earnings home to the U.S. It offers tax breaks for tackle-box makers and bow and arrow businesses. And more....
  • The vice presidential candidates argued about it last night...President Bush and Senator Kerry are stumping on it this week. "It' is 'the price tag' or 'the value of' the war in Iraq, depending on how one frames it. Today the State Department framed the issue as 'how much the U.S. is spending to get the Iraqi economy up and running--and whether the money's going where it's supposed to'.

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  • Features
    Stern goes Satellite - Siriusly!
    After years of complaining about censorship, Howard Stern is getting serious. And Sirius is getting Stern. The radio host will move his show from its current home at Viacom's Infinity off the standard radio dial altogether to join the Sirius Satellite service in 2006. The move not only frees Howard from the FCC which he loves to loathe... but as Marty Goldensohn reports it has the potential to put satellite radio into orbit... changing the economics of the radio industry.
    Reporter: Marty Goldensohn
    Related Story: Stern Set For Satellite
    Say Something - James
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    Spying on spyware
    The House of Representatives passed a bill outlawing most forms of spyware last night. But how effective will the bill really be? Host David Brown speaks to computer security expert Bob Sullivan about the issue.
    Q + A: David Brown with Bob Sullivan
    Related Story: House passes tough anti-spyware bill
    Internet Spy - Mad Professor
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    Will Russian oil dry up or go west
    We've reported on how the Russian oil company YUKOS has been weighed down by tax claims. Today, it received an unwelcome package: another tax bill. This one for a billion dollars. Analysts say this could be the final blow, forcing the privately-held oil giant to dismember itself to pay its bills. It's parts: expected to end up in government hands. As Marketplace's Stephen Beard says you can bet Western oil companies are watching all this unfold with great interest.
    Reporter: Stephen Beard
    Related Story: The Yank Caught In Yukos' Nightmare
    From Russia with Love - Count Basie
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    An intelligent move?
    Among the many items Capitol Hill is racing to complete this week: legislation to centralize control of all 15 U.S. intelligence agencies under a new national director. If the so-called 'intelligence czar' gets the green light, he or she will oversee a $40 billion budget. The measure addresses one of the recommendations of the September 11th Commission. But Marketplace commentator Robert Reich says the so-called reform measure doesn't get down to business.
    Commentator: Robert Reich
    Related Story: Congress shown Bush's plan for intelligence czar
    Spies - Coldplay
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    The paycheck to paycheck life
    We found out today that if you heat your house with oil, you'll pay, on average, 28 percent more this winter than last. And that will certainly have an impact on low-wage workers. People who might have to make a choice between heat and rent. Picture having to rearrange your living conditions because of rising costs...or some other trouble at home. And you start to see the spiral: people living paycheck to paycheck who leave their jobs to deal with personal crises only to have no income. From Cleveland, Cindi Deutschman-Ruiz reports on an attempt to break the cycle.
    Reporter: Cindi Deutschman-Ruiz
    Related Story: Oil heat costs to increase
    Wednesday Night - Dubtribe Sound System
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    Coming up on Marketplace...
    Does shopping mend a broken heart?

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