Bank of America's purchase of Countrywide will save the bank half a billion dollars in taxes over the first five years. Fortune Magazine's Allan Sloan sorts through the numbers in the deal with Scott Jagow.
Honduras exports enough socks to the U.S. for President Bush to want to impose a large tax on the products. Dan Grech reports the decision to impose duties on Honduran socks will be a lifeline to U.S. sock makers.
With a global economy, why is the U.S. market still so important? Marketplace's Stephen Beard talks with Scott Jagow about the negative impact President Bush's economic stimulus announcement is having on world markets.
Barre, Vermont calls itself the granite center of the world, so a Martin Luther King, Jr. memorial made in China doesn't exactly thrill the town. John Dillon has the story on a movement trying to deter the coming of a sculpture.
Cab drivers in London are getting paid to pitch various products to their passengers during the ride. Marketplace's Stephen Beard explains to Scott Jagow how the idea of sales are mentioned in conversation — and why it works.
South Africa's been in the grip of a serious power shortage lately, thanks to local demand exceeding supply. Gretchen Wilson reports the country is cutting supply for some other countries sucking power to keep up.
Marketplace Morning Report for Monday, January 21, 2008
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