Marketplace for Monday, Dec. 22, 2008
Thirty years ago this month, Chinese leaders used the small fishing village of Shenzhen to test free-market principles. The experiment paid off as foreign investors poured in, making the city China's richest. But big challenges may be ahead for Shenzhen. Scott Tong reports.
The crash of the financial markets and the pile up of investment scams have some people asking -- Where were the regulatory agencies in all of this? Commentator Amelia Tyagi says financial products need to be regulated as strictly as the drug, toy and cosmetic industries to prevent further meltdowns.
Beth and Scott Greenlee were living the middle-class life in Connecticut. But after Scott was laid off, the family was forced to change their lifestyle. Katie Ball reports on how it's the simple things that matter for the Greenlees now.
General Growth Properties, one of the nation's largest mall owners, got some help from its lenders this week when they agreed to a forbearance. But, such a move is rare. What about the rest of the commercial property industry? Tess Vigeland speaks with professor Susan Wachter about the rocky road ahead for the commercial real estate industry.
Employers hoping to cut costs are laying off workers across the nation. But laid-off employees who feel they've been wrongfully terminated aren't going down easily. They're fighting back -- with workplace discrimination lawsuits. Mitchell Hartman reports.
Money market funds, cash invested in short-term debt, used to be pretty reliable places for investors who wanted to get moderate returns. But with interest rates near zero, yields on funds are tumbling. Jeremy Hobson reports.