Marketplace for Wednesday, December 30, 2009
Posted In: New York
The New Year's Eve celebration in New York City's Times Square will have a reconfigured streetscape. Earlier this year a section of Broadway became a pedestrian mall. Reporter Andrea Bernstein looked into how the change affected local businesses.
Commentator Robert Reich says this past year will be remembered as a time when Wall Street fat cats who caused the financial collapse got fatter, while the rest of America got the scraps.
The Commerce Department can raise tariffs on steel pipes imported from China, following a ruling by the International Trade Commission. But the ITC decision virtually guarantees more sniping between the two countries. Jeff Tyler reports.
The Treasury Department has decided to give auto-financing company GMAC another $3.8 billion bailout on top of the $12 billion it's already received. But the reason GMAC's in so much trouble doesn't have much to do with weak car sales. Jeremy Hobson reports.