March Madness on Wall Street

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Major markets have fallen 20 percent in the last year, shaking up consumer confidence, purchasing power, and retirement plans. The irrational exuberance of the recent past has turned into gloomy projections of a sluggish future. Yet unemployment and inflation remain low, Standard & Poors high disregarding the high-tech sector. Are we in for a recession? Can Greenspan's Fed or President Bush's tax cut stop it? We talk productivity, policy and politics with journalists and financial experts from the Wharton and Kennedy Schools. (Matt Miller guest hosts.)
  • Newsmaker: Bush's Reversal on CO2 Emissions - Under pressure from conservatives and business, President Bush reversed a campaign pledge yesterday, saying he would not seek regulation of carbon dioxide emissions, a key contributor to global warming. Businessweek's Lorraine Woeller calls ties to Texas utilities stronger motivation than the energy crisis which Bush blamed in his decision.
  • Reporter's Notebook: Mutual Bush-Blair Colgate Defense Policy - Any hesitancy the British felt about an amiable working relationship between George Bush and Tony Blair was dispelled when Bush announced that he and Blair used the same brand of toothpaste. T.R. Reid, London bureau chief for The Washington Post, explains how UK-Colgate turned the quip into an eye-catching ad campaign.



Democratic National Committee

Kennedy School of Government

Los Angeles Times

The Wall Street Journal

The Washington Post

Wharton School



Warren Olney