- Newsmaker: Informal Economy Threatens Wages, Tax Base
Thousand of unskilled and low-skilled workers are benefiting from a thriving underground economy that's done better in recent months than Southern California's on-the-books economy, according to a report by the nonprofit research group, Economic Roundtable. Pascale Joassart-Marcelli, lead author of the report on the phantom work force, has more on who benefits and who suffers.
- Reporter's Notebook: Hollywood Powerbroker Mike Ovitz Sells Company
Tonight, former Hollywood powerbroker Michael Ovitz finds himself further away from the rest of the industry than he has in decades. His Artists Management Group is now under the control of a company called The Firm. Ken Auletta, media columnist for The New Yorker, has more on the man who couldn't be satisfied in doing what he did best, and Hollywood's joy at his failure. (Originally broadcast on today's To The Point with Warren Olney.)