FedEx's CEO `Cautiously Optimistic' on Fiscal Cliff

Dec. 6 (Bloomberg) -- Fred Smith, chief executive officer of FedEx Corp., talks about the U.S. economy and trade, federal budget negotiations between lawmakers and the likelihood that they'll be able to avert the so-called year-end fiscal cliff of automatic budget cuts and tax increases. Smith, speaking to the Economic Club of Washington, said he's "cautiously optimistic" that Republicans and Democrats will reach a deal. (Source: Bloomberg)
How Migrants Built an Economy in Calais' Tent City
12:43 - Amid the hundreds of tents and makeshift shelters of Calais' sprawling migrant camp, a micro economy has emerged. Shops, restaurants and even a nightclub have sprung up, adding a shred of normality to a precarious, and often dangerous, existence. Bloomberg's Tom Mackenzie reports.
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