Marketplace 3/7/2003

* Today: Dow up 66.04 (.86%); NASDAQ up 2.40 (.18%); S&P 500 up 6.69 (.83%)
* Biz eliminates more jobs in Feb. than at any point since the weeks after 9/11: are we on a downward trend?
* European markets depressed by war fears -- new U.S. unemployment numbers intensify the gloom
* United's unions talk to turn-around experts and investors to keep airline from going the discount route



Features
Music Bridge: Friday I'm in Love - The Cure
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Commentary - Leadership By Women
Commentator argues that stay-at-home moms should be given credit for their work-appropriate learning experiences: Mothering doesn’t require a degree in rocket science -- but it does require leadership skills. A study by Wellesley College Center for Women shows that women leaders compare their skills to mothering, and that they learned these skills from their time at home. The study says that moms saw power in their ability to lead warmly, to focus on the positive, and to take care of their subordinates. Commentator Robin Gerber says mothers are “building leadership one child at a time.”
Commentator: Robin Gerber
Music Bridge: If I Was Your Mother - Bon Jovi
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Week on Wall Street
Marketplace host David Brown rounds up this week on Wall Street with Dallas stockbroker David Johnson.
Turkish Economy
Haggling over letting U.S. troops establish bases within Turkey’s borders is having an effect on their economy:: After the Turkish Parliament voted down a measure on March 3 to allow the U.S. to mount a northern front against Iraq from Turkish territory, Turkish share prices sharply fell. Traders in Turkey are now in waiting mode after the markets fell 11 percent in one day. The whole country is waiting to see whether parliament will change its mind. Some say the $30 billion aid package would save the Turkish economy.
Reporter: Stephen Beard
Music Bridge: Simarik - Tarkan
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Unbalanced Offsets
Countries are being offered extra special incentives called offset agreements: If a country wants to buy an F-16 from a U.S. company, they don’t just wander down to the local fighter jet lot. The sale often requires that the country must be reciprocated with an offset worth a large percentage of the purchase price. In other words, if the Dutch buy fighter jets, they get help exporting yarn. Some think offsets are a form of legal bribery that can cost the U.S. jobs and undermine competitiveness, while others believe they help the defense industry keep production lines going.
Reporter: Jeff Tyler
Music Bridge: Patience of a Saint - Electronic
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Tomorrow On Marketplace...
Fearless Americans. Many ex-pat Americans who live and work in the Middle East say they’re not afraid of potential repercussions from a war in Iraq, and furthermore, they aren’t taking any precautions.