Marketplace for Tuesday, March 4, 2008
On the anniversary of President Roosevelt's first inaugural address, we look back on how he used the New Deal to help end the Great Depression. Tess Vigeland speaks with former Labor Secretary Robert Reich about how New Deal principles could be applied to our current economic situation.
Posted In: Entrepreneurship, Investing, Taxes
In spite of a slowing economy, Atlantic City plans to spend almost $10 billion on a new wave of casino projects. The city is betting on a new demographic of gamblers to spruce up the local economy. Joel Rose reports.
Posted In: Economy, Investing, Wall Street
Citigroup's shares dropped 4% after the leader of a Dubai-owned investment firm stated that it will take "a lot more money" to rescue the struggling bank. Bob Moon reports on how Middle East investors influence the market.
Posted In: Economy, Housing
The Hope Now Alliance has modified about 150,000 subprime loans since the federal mortgage program's inception. Tess Vigeland speaks with Treasury Secretary Henry Paulson about the program and other government efforts to fix the mortgage crisis.