Marketplace AM for April 27, 2005
Posted In: Canada
Congress is debating a Central American free trade agreement. The Bush administration says we need closer ties with our closer neighbors to consolidate democracy in the region and to compete with China. But CAFTA...as the agreement is called...is also the latest attempt in a decades-old effort to unite Central America. From the Marketplace Americas Desk at WLRN in Miami, Dan Grech reports part of that unity can be found on the soccer field.
There's been a lot of buzz in international finance circles lately about China maybe letting its currency float freely against the dollar. That would have big implications for the politically sensitive U.S. trade deficit with Beijing. What it wouldn't do is settle who's responsible for that trade gap to begin with. Senate Democrats have one answer. In this edition of The Public's Business Marketplace commentator Robert Reich has a very different one.