By FLOYD NORRIS
Published: August 1, 2009
One area where that can be seen is shipments of durable goods produced by American companies. The rate of such shipments fell by more than 20 percent during this recession, and would have declined further were it not for increased production of weapons.In no previous downturn since 1958, when the figures began being recorded, had the decline been as much as 14 percent. |
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At www.nytimes.com
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
