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Ahead of G-20, How Are World Economies Faring?

Ahead of the G-20 summit, Paul Solman asks small business owners at a New York health and beauty show how the economy is faring in their home countries.

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  • JIM LEHRER:

    And still to come on the NewsHour tonight: state secrets and national security; and trimming overcharge fees.

    That follows economics correspondent Paul Solman's preview of the economic summit convening in Pittsburgh tomorrow. He starts off in a very unlikely place.

  • PAUL SOLMAN:

    Last week's health and beauty show at New York's Javits Center, a gathering less exclusive than the G-20, perhaps, but colorful enough and every bit as focused on global prosperity.

    From a Canadian cosmetics firm…

  • JOE SCHWARCZ:

    Being a chemist…

  • PAUL SOLMAN:

    … trying to conjure up business with a chemistry sideshow to the Tahiti booth, native oils their specialty…

    Hello there.

  • WOMAN:

    Hi.

  • PAUL SOLMAN:

    … to an Arkansas beauty queen, sporting a 10-pound dress of fragrant rubber bands.

    Excuse me. I don't mean to intrude, but, yes, what smell is that?

  • WOMAN:

    Sweet pea.

  • PAUL SOLMAN:

    So, on the cusp of the G-20 meeting, and just one year after global collapse, how's the world economy doing?

    Poland?

  • MARTA WITKOWSKA, BELL PPHU, Poland:

    After a few months, everything got better.

  • PAUL SOLMAN:

    France?

  • ANTOINE DAUBY, Naturex, France:

    It seems like people are gaining more confidence, and it starts slowly again.

  • PAUL SOLMAN:

    Canada's OK, too.

  • JOE SCHWARCZ:

    We are coming back.

  • PAUL SOLMAN:

    And South Korea, whose economy was shrinking dramatically just a few months ago, is again rising.

    Is it getting better, yes?

  • JAMES LEE, Taptech Massager, South Korea:

    Yes, it's a little bit getting better.

  • PAUL SOLMAN:

    James Lee makes the super-pounding massager.

    It's like pounding on my back now, ba-doom, ba-doom.

    It debuted at an unpropitious moment, last October.

    Did you have any sales at all in October? No. No?

  • JAMES LEE:

    No.

  • PAUL SOLMAN:

    No sales? When did you start to have sales?

  • JAMES LEE:

    Actually, just from the March.

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