Marketplace for Friday, March 21, 2008
The bridal business is a $69-billion industry, one that a new Spanish-language magazine is hoping to cash in on. Caitlan Carroll reports on the launch of Bodas USA, the first American bridal magazine written entirely in Spanish.
Sen. Charles Schumer (D-NY) recently attacked President Bush by equating him with Herbert Hoover. Economic historian Amity Shlaes explains why comparing any politician to Hoover is so insulting -- and how, in these confusing economic times, there's plenty of blame to go around.
Taiwan goes to the polls to choose the next president of the island nation, and for most voters the deciding factor is a candidate's stance on relations with mainland China. But as Scott Tong reports, Taiwan and China are economically intertwined even if they are politically at odds.
China's biggest bank will sell more than $1 billion in bonds, backed by Chinese corporate loans, to fellow Chinese banks. It's good timing, with U.S. banks in disarray, but Chinese corporations aren't as transparent as their Western counterparts. Stacey Vanek-Smith reports.
Posted In: Economy, Investing
Between bank bailouts, a lower number of housing starts and a credit crunch, there doesn't seem to be much to be optimism about in the U.S. economy. But Bob Moon reports that with a slight dollar upswing and a rise in exports, we may be soon seeing sunnier days.