Marketplace for Monday, April 21, 2008
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Ohio-based National City bank, the nation's 10th largest, says it's going to be seeking $7 billion in new capital. It will be looking to private equity firms and hedge funds for help. Ashley Milne-Tyte explains how the mortgage crisis is moving to Main Street.
It would stand to reason that countries with oil would be trying to increase production so they could cash in on the increasing prices. But that's not the case, as Jeff Tyler reports.
Commentator and economist Peter Lindert says that for all the talk about a Social Security crisis, the real problem is with private pensions and the risks they hold for retirement.
A low-budget comedy movie in France with no big-name stars and little marketing is setting box-office records. Critics say the response to its feel-good message is a backlash against President Sarkozy's flamboyance, or to fears of globalization. John Laurenson reports.
American businesses save tons of money buying parts and products from overseas suppliers. But sometimes they're buying worries, too -- from tainted pet food to poisonous toothpaste -- which have led some to work on ethical supply chains. Curt Nickisch reports.
Some of the world's poorest consumers in Africa and Asia have rioted recently over rising prices of wheat and rice. Economist Jeffrey Sachs, author of "Common Wealth," talks with host Kai Ryssdal about how more food riots and skyrocketing energy costs may be on the way.
Banks haven't been doing so well this earnings season, to put it gently. But a good number of companies, from drug maker Merck to toy maker Hasbro -- have been doing well. What do they have in common? Customers overseas. Alisa Roth reports.