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Seaports have been centers of commerce for centuries (millennia, in fact), and they remain crucial to the economy today. Every year, hundreds of billions of dollars’ worth of products move through U.S. ports. Ports generate substantial business activity through their operations, but those benefits are dwarfed by the huge importance of water transportation to other industries. more
EDTIOR’S NOTE: In chapter one last week, young Rusty and the rest of his intrepid crew decided they wanted to experience Chinese food. Hopping aboard their bikes – with little money and wearing typically scruffy clothes for youngsters in the summer – they visited a nearby restaurant. The owner directed them to the back door where “a little Chinese lady opened the door. She started spittin’ out words that we had never heard before.’’ more
EDITOR’S NOTE: It’s no secret that Rusty’s life has been liberally sprinkled with adventures and misadventures – a good many taking place while he was a youngster, which would explain a lot about him as an adult. Today column is the first of two parts about his first experience with egg rolls, a “ton’’ of soup and a feisty lady at the back door of a restaurant. more
Having a summer job used to be a rite of passage for teenagers, but changes in economic conditions and preferences are contributing to a decline in the numbers of young people seeking summer work. The implications for both young people and employers are significant. more
We recently passed a notable milestone in the long process of recovering from the Great Recession: household debt levels have surpassed the peak reached during the recession in 2008. more
Lo and behold, the other day the phone rang and it was a phone creature. I hadn’t gotten a call from one in awhile. “Yellow!” I said into the phone. Then there was a pause. “Yellow!” I repeated, this time louder. “Did you say yellow?” the lady creature asked. “Yep,” I replied. “The phone said green, green, so I said yellow, har har. more
Add another divisive decision to President Trump’s tally: pulling out of the Paris Accord. Depending on your perspective, you may have been horrified or relieved. In either case, more uncertainty has been created. The Paris Accord came out of a 2015 United Nations Climate Change Conference. More than 190 countries participated in the agreement, which involves voluntary reductions in emissions levels. more
Since my Dad went to be with the Lord a couple of years ago, I wanted to relate one of the best stories I can remember while growing up with him. Since Father’s Day is pretty soon, I thought this would be a great way to honor his memory. --- more
Uncertainty is generally bad for business. Companies function best when conditions are relatively predictable and they can plan accordingly. If firms are anxious about the future, then economic growth will be adversely affected. more
Back when I was a kid, there was an old man that lived north of me named Mr. Colston. Mr. Colston was confined to a wheelchair. I didn’t know what had happened to him. I never asked, and he never volunteered. more
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