Marketplace for Monday, November 21, 2011
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The super committee has failed to reach a deficit-cutting deal. The rising price of food is making it difficult for food banks this holiday season. Environmental organizations like the Sierra Club are also having a hard time getting funding. Author Jeffrey Eugenides talks about work in the first of a weeklong series on how writers document the economy. And Mitchell Hartman takes a look at the recession in California's Inland Empire.
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Posted In: super committee
Looking back, it's not that surprising that the super committee failed to reach an agreement cut the nation's deficit. Stanford history professor David Kennedy discusses why we shouldn't be surprised, and what to expect next.
Theodore Forstmann created the industry of buying companies with mostly borrowed money. His legacy includes a now-familiar word: leverage.
Posted In: Environment, Sierra Club
At the same time some decry environmental regulation as a drag on the economy, the slow recovery has sapped environmental organizations of donations, leading to layoffs and changes in leadership.