California-based energy company Calpine wanted to become the nation's largest supplier of power. It bet heavily on natural gas power plants because gas is more efficient, cheaper and less polluting than coal. That was before natural gas prices shot sky high, more than doubling this year alone. Late yesterday, Calpine filed for bankruptcy. From WLRN in Miami, Dan Grech reports.
Votes could be certified as early as today in Bolivia's election of left-leaning candidate Evo Morales. Dan Grech looks at what the election is likely to mean in economic terms.
This weekend's election in South America's poorest country, Bolivia, is grabbing attention on Capitol Hill. From the Marketplace Americas Desk at WLRN in Miami, Dan Grech explains why.
Latin America's biggest country has announced plans to pay back a $15.5 billion IMF debt two years ahead of schedule. Dan Grech looks at why things are so good in Brazil.
The nation's largest sugar producer, Domino, resumes operations today for the first time since Hurricane Katrina. It's hoped output from Domino will ease inflationary pressures on sugar prices. Dan Grech reports.
The Wall Street Journal reports that Paramount is preparing a bid for Dreamworks. Another movie giant, Universal, is already in talks with Dreamworks. Let the bidding war begin! From WLRN in Miami, Dan Grech reports.
Venezuela has announced plans to offer low-cost heating oil to Bronx residents on the heels of a similar offer to residents in Massachusetts. Will American oil companies follow suit? Dan Grech reports.
The US cut a trade deal yesterday with Peru, and US trade officials were thrilled. Why all the triumphalism, when Peru takes in less than 1% of US shipments? From the Marketplace Americas Desk at WLRN in Miami, Dan Grech explains why.
Housing starts and new home sales have been down. Today, UCLA's quarterly Anderson Forecast comes out. And it predicts that slowdown will continue. From WLRN in Miami, Dan Grech reports.