The top photo shows how Hurricane Sandy took out a section of Hwy 12 on the Outer Banks of North Carolina, making that section of the road now impassable for regular vehicles. There is a bypass around the collapsed highway, … read more
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Almost all (99%) of the footwear Americans purchase is imported, so there is no longer a domestic shoe industry that needs special-interest protectionist trade legislation to compete more successfully with lower-cost foreign competitors. And yet remarkably, Americans are still paying … read more
In 2008, the Bureau of Labor Statistics addressed some of the myths and misconceptions about its Consumer Price Index that have circulated over the years on the Internet, especially at several non-academic fringe websites that have attracted many, conspiracy-theory driven, cult-like followers. Here are some excerpts … read more
1. Oil, cars and housing: Rail shipments year-to-date are up the highest this year vs. 2011 for petroleum (+44%), motor vehicles (+17%) and lumber (+12.6%). 2. U.S. oil production increased by 14% from a year ago for the week ending November 16, bringing domestic … read more