News In Brief

MIDDAY UPDATE: Housing numbers, foreign trade

Katharine Crnko Dec 16, 2010

Today we heard some mixed news about the housing market. The number of new homes being built rose in November. Meanwhile, RealtyTrac said foreclosure filings dropped 21 percent last month. But these numbers may be misleading because they’re being tracked by different agencies, according to Marketplace’s Alisa Roth.

Overseas, China hopes to lower inflation, and analyst Chris Farrell explained what that means for the global economy. China and India continued their trade mission. The two countries hope to increase trade to $100 billion within the next five years. And the Japanese government is getting closer to cutting its corporate tax. If Japan is successful, the U.S. will have the highest global corporate tax rate, 39 percent.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.