Marketplace Morning Report for Tuesday July 1, 2014
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US Secretary of State John Kerry is in Panama tomorrow for the inauguration of new President Juan Carlos Varela. We look at the economic challenges facing Mr. Varela as he tries to continue the country’s healthy economic growth while also tackling corruption and an inefficient bureaucracy. Plus, in regards to Hilary Clinton’s book “Hard Choices,” we look at the tough decisions publishers make when they go big on a book like this, digging into how the economics of “tent pole” books work. Also, today a new hotel opens in downtown Los Angeles. Most of the money to pay for it came from outside the country. 320 immigrant investors from 14 countries put up 95 percent of the financing. It's part of an investor visa program. And after, we talk to freelance writer Susan Cagle about the downside of the share economy.
A look at the S&P 500, shrinking office space, and the "share" in sharing.
The sharing economy maintains some of the same problems as traditional businesses.