03/29/07
Marketplace AM for March 29, 2007
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Cocaine's loophole: Venezuela
The U.S. has poured $4 billion into stopping the Colombian drug trade, and it's worked — except that smugglers have found an easy path though neighboring Venezuela since it cut political ties with America and stopped cooperating.
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Playing mortgage hot potato
Bankruptcy could be just around the corner for New Century Financial, but other lenders are making money buying and selling subprime loans it issued — a profitable fee-collecting game as long as they unload the loans before borrowers default.
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Losing our technological footing
The U.S. — which previously led the world in technological innovation — has slipped all the way to No. 7, according rankings put out by the World Economic Forum in Switzerland.
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Selling American education in India
A U.S. envoy is in India this week, hoping to sell that country's substantial youth population on the merits of an American education — one they may soon be able to get without even leaving India.
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Go endorse 'em, Tiger
Tiger Woods is the most marketable active athlete by a long shot — and he still will be five years from now, according to a survey of sports business and media execs. So what is it that makes him the gold standard of sports endorsement?
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China's secret defense budget
Beijing comes under new criticism today for its steadily-rising defense budget. And that's just on the surface. It's accused of an aggressive military build-up: unknown amounts of weapons purchases and research not included in the official budget.
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Being Mickey's boss, part 2
Walt Disney Company President and CEO Bob Iger talks about what he's doing with the keys to the Magic Kingdom. The latest in our Conversations from the Corner Office series.
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