We all know the U.S. is running a big trade deficit. Has been for years. We also know that the U.S. imports a lot of oil, the price of which has been going up staggeringly fast lately. But how much of a factor is oil in the trade deficit? A really big factor, it turns [...]
Tysons Corner, located just outside the Beltway in Northern Virginia’s Fairfax County, is the largest commercial district in Virginia and the 15th largest in the nation. It is one of the great American economic success stories of the postwar era, and is typical of the “Edge Cities” (or “technoburbs,” or–to be entirely prosaic about it–”suburban [...]
The Corporate Library released early results of its annual CEO pay survey this morning. The takeaway: CEOs of big companies get richer. CEOs of less-big companies don’t even keep up with inflation. Consider: For the 380 CEOs who were in post for the whole of 2006 and 2007, the median increase in total actual compensation [...]
I’ve been spending some time perusing the Census Bureau’s foreign trade statistics. You can learn some remarkable things there. Such as that the U.S. is running dizzying surpluses in spacecraft ($150 million in exports to just about nothing in imports in the first three months of this year) and hides and skins ($426 million to [...]
