Marketplace for Monday, Jan. 14, 2008
Posted In: Entrepreneurship
Iranians live under strict rules that govern their public lives, but inside people's homes and businesses the scene is quite different. Borzou Daragahi tells the tale of two women who used their different backgrounds to stitch together a business.
President Bush arrived in Saudi Arabia today bearing gifts, including a proposed multibillion-dollar arms deal intended to counter Iran's military clout. He also addressed some issues with the falling dollar. Marketplace's Stephen Beard discusses the details with host Tess Vigeland.
Some of the biggest Internet companies are growing like weeds, serving millions of customers a day and operating globally. But, as commentator Nicholas Carr points out, they tend to employ very few people.
With the Hollywood writers strike cutting the size of TV audiences advertisers had planned to reach, the arrival of another season of "American Idol" is being met with some rejoicing -- and a much higher price tag. Lisa Napoli reports.
There are rumblings in Washington that President Bush plans to issue an executive order eliminating some of the 9,000 earmarks from last month's spending bill. But is he allowed to do it? Jeremy Hobson reports.
Posted In: Economy, Housing, Wall Street
The nation's largest bank is expected to announce a $24 billion write-down and up to 24,000 layoffs due to subprime problems -- more than twice what it previously announced. Ashley Milne-Tyte reports on how the company didn't know how bad things would be.