Marketplace for Tuesday, March 5, 2013
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The Venezuelan government announces the death of President Hugo Chavez. Meanwhile, the Dow Jones Industrial Average hit a new record high, but does that mean the overall economy is better? Americans lost an average of 40 percent of their wealth from 2007 to 2010. Fox is launching a new 24-hour cable sports network that will directly compete with ESPN. And the Chinese government is moving ahead with legislation to combat land seizures from the nation's 650 million farmers.
Posted In: China, land grab, Shanghai
The story of Maggie Lane, a Shanghai land grab gone wrong. Forty million Chinese people have lost their homes to local governments, bent on boosting GDP. The incoming government of Xi Jinping may change that.
Posted In: fox sports, Sports, espn
More competition to win TV contracts could drive up cable costs.