Marketplace PM for August 30, 2007
Posted In: Economy, Wall Street
The financial world is waiting to see if Ben Bernanke will give any indication of a cut in interest rates at an annual monetary conference tomorrow. Tess Vigeland talks to Michael Sheldon of investment banking firm Spencer Clarke.
Today, YouTube announced a music-sharing agreement with thousands of U.K. songwriters who'll get paid if their music is used. But as Janet Babin reports, some say content providers should choose if they want to be on there in the first place.
The market goes down, and then up and then back down again, and there's nothing we can do about it, right? Not according to commentator Amity Shlaes, who says unlike weather, crashes and recoveries aren't inevitable.