America on the Selling Block

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It is hard to imagine Budweiser — and Anheuser-Busch and Bud Light and the Clydesdales and their big beer wagon — not being American-owned.

But they're not. With a major deal last week, ownership of Anheuser-Busch is headed overseas, to Belgium. Coors' ownership is already gone — to Canada. Miller, to South Africa. And that's just in beer.

Across the American economy, a weak dollar and struggling U.S. markets have made America a bargain-basement for foreign buyers, who are snatching up American assets at a record clip.

This hour, On Point: American assets, foreign owned, and what that means for Americans.Guests:

Jeremiah McWilliams, business reporter for the St. Louis Post-Dispatch.

Matthew Slaughter, associate dean and professor of international economics at the Tuck School of Business at Dartmouth.

Robert Scott, senior international economist and director of international programs at the Economic Policy Institute.Closing Segment:

Understanding Short Selling

Short sellers are driving down stocks. But are they good for the economy?

Guest: Jesse Eisinger, senior writer for Portfolio magazine.

This program aired on July 21, 2008.


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