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Marketplace for Friday, Nov. 2, 2007
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Segments From this episode
Bank stocks got hammered for a second straight day today. Most are at 12-month lows and some are sinking even deeper. It's all about the subprime mess. But while investors are spooked, some analysts say the sector is doing just fine. Jill Barshay reports.
Thousands of construction workers in Dubai went on strike this week. One of their complaints is that they're paid in U.S. dollars. The falling dollar is putting a lot of pressure on Gulf countries to de-link their currencies from the greenback. John Dimsdale reports.
The United States has promised to help Turkey stop Kurdish PKK guerrillas from operating in Northern Iraq. The PKK has killed dozens of Turkish military personnel across the border. Tess Vigeland talked with L.A. Times reporter Borzou Daragahi about attempts to defuse the situation.
At the same time some investment banks are taking a pounding from the credit crunch, Wall Street traders come together to dish out and take some more lumps for a boxing charity event. Amy Scott was ringside.
Stockbroker and business analyst David Johnson chats with Tess Vigeland about what happened on Wall Street this week and what may lie ahead.
Democratic presidential candidates are calling for a tax increase to fund Social Security for retiring baby-boomers. But commentator Glenn Hubbard argues that proposal doesn't get to the heart of the problem.