investments

Rick Snyder / Flickr

Governor Snyder leaves for China today on his fourth trade mission to Asia. Tom Watkins has spent many years, in many different roles, campaigning for stronger ties between China and Michigan.

Watkins says Governor Snyder has two goals for this trip: promote Michigan goods and services, and attract foreign direct investment (FDI). China has plans to invest $1 trillion around the world, so it is important for Governor Snyder to attract FDI in order to create new jobs and opportunities within the state, says Watkins.

Watkins says there is a chance to develop a good relationship with China, as Chinese car companies have set up several R&D plants in southeast Michigan.. There are also a number of international students from China at state universities here. But Watkins warns it's not quick or easy work. "Doing business in China is not an economic one night stand," said Watkins. "You can’t just do one trip there.” Listen to our conversation with Watkins below:


User Motown31 / Creative Commons

So, investors, who's willing to bite? Who is willing to buy bonds from a troubled school district being run by an emergency manager located in a city run by an emergency manager, a city that just made history with its bankruptcy filing?

It's easy to understand why investors may run the other way from the Detroit Public Schools' bond offering.

But Josh Gonze says "not so fast!" He is a municipal bond portfolio manager who thinks the Detroit Public Schools bond offering tomorrow has something to offer an investor.

Josh Gonze is with Thornberg Investment Management based in Santa Fe, New Mexico. He joined us today.

Listen to the full interview above.

NPR's Planet Money's toxic asset creature
NPR's Planet Money

The team at NPR's Planet Money has come up with another way for us to understand the financial crisis. They bought a pet.