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March 22nd, 2013
08:01 AM ET

MYB: China is No. 2 for box office haul worldwide, Americans with debt now have more of it

Christine Romans is minding your business with the good, the bad and the ugly in U.S. stock futures and world markets. Stocks continue to hang on word from Cyprus. "Lawmakers there have to come up with a plan to raise money by Monday or else the European Central Bank will stop providing Cyprus with emergency cash," Romans reports.

And a mixed bag for who has debt in America. “Fewer Americans have debt,” Christine Romans says. Sixty-nine percent of people are in debt, compared to 74% in 2000. A major reason for this is that “people are laying off their credit cards. But for those who do have debt, they have a lot more of it—$70,000 compared with $52,000 in 2000. People over 65 saw their debt level double, because seniors are less likely to own their house outright and more likely to have unsecured debt, like student loans and medical bills.

Meanwhile, China is now the world’s second movie theater box office, second to the United States, Romans says. “The Motion Picture Association says ten movie screens are being built in China every day.”

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