Nightly Business Report (PBS) - 2005-09-22

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Read a transcript preview of “Nightly Business Report (PBS) - 2005-09-22” from malgent, uploaded on 2026-01-07.

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[0:05] Hurricane Rita closes in on the Gulf

[0:08] Coast heading towards Houston and an

[0:10] area with [music] the nation's highest

[0:12] concentration of oil refineries.

[0:14] Economists are still trying to pin down

[0:16] [music] the impact from Katrina. Now

[0:18] they have Rita to figure out as well. We

[0:21] talked with Energy Secretary Sam Bodman

[0:23] for an update on preparations for Rita

[0:25] and his outlook on how the country will

[0:27] cope with energy supply disruptions

[0:28] [music] after the storm.

[0:31] The federal government's flood insurance

[0:33] program could be swamped [music] by

[0:34] claims from Katrina and Rita. And now

[0:37] there's a controversial plan in the

[0:38] works to let people buy flood insurance

[0:40] coverage after a storm [music] hits.

[0:42] >> Speaking of insurance, some retirees at

[0:44] Sears Holdings are in for a rude

[0:46] awakening [music] January 1st. We'll

[0:48] tell you what the company has decided to

[0:50] do with their healthc care coverage.

[0:52] >> I'm Susie [music] Garb.

[0:53] >> And I'm Paul Kangas. This is Nightly

[0:55] Business Report for Thursday, September

[0:58] 22nd.

[1:00] >> Nightly Business Report [music] is made

[1:02] possible by Franklin Templeton

[1:05] Investments, providing a unique

[1:07] perspective through the specialized

[1:09] investment expertise of Franklin

[1:11] Templeton Mutual Series and Fiduciary

[1:14] [music] Trust. Franklin Templeton

[1:16] Investments. Gain from our perspective.

[1:23] [music]

[1:24] Don't let your nest get away from you.

[1:26] Objective Financial Advice [music] can

[1:28] help. AG. Edwards. For 118 years, fully

[1:32] invested in our [music] clients.

[1:35] This program was made possible by

[1:38] contributions to your PBS station from

[1:40] viewe

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