U.S. Chamber of Commerce President Tom Donohue says he is "disappointed" that some GOP presidential candidates are attacking front-runner Mitt Romney for his work at Bain Capital. The head of the nation's most powerful pro-business association calls Romney's business record "damn good."
Pennsylvania, Ohio and West Virginia are waiting to hear which state Shell Oil will pick to host a huge new chemical refinery. The project would turn ethane gas, produced through "fracking," into ethylene, which is used to make plastics. The venture could be the biggest investment in the region in decades.
Greenville County in South Carolina is where manufacturing's past and future live side by side. In South Carolina, and throughout America, factories produce more than ever. Yet in Greenville, there are abandoned textile mills everywhere you look.
An interesting thing has happened on the way to the GOP presidential nomination: A fight has broken out over the meaning of capitalism. Former House Speaker Newt Gingrich is drawing bright lines between private equity and industrialists. He sees it as the difference between looters and inventors.
The Federal Reserve usually worries about interest rates and inflation. But lately, Fed officials have been focusing on housing. They've been out in public, pushing measures they think will help the housing market. David Wessel, economics editor at The Wall Street Journal, talks to David Greene about proposed changes to mortgage financing.
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