westhamlet: observations and particulars

Tuesday, September 12, 2006

u.s.trade deficit hit high

The U.S. trade deficit hit a new high of $68 billion in July. The main reason was that the cost of oil imports rose. The figure represents a 5% rise from June's figure. 2006 as a whole is expected to go over 2005's 717 billion. Crude oil imports rose $28.5 billion.

Read the story from the BBC

technorati tag: economy

technorati tag: oil

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Observations and Particulars

: Name: Mike Bertelsen; Location: Aledo, IL, United States

The world's vast distances have been spanned by humankind's inventive genius. The world is smaller because we are bound in one continuous bundle of life. What happens in any country on Earth may affect the happiness and peace of the entire world. What is merely local and provincial in our thinking must yield to a global understanding and a world view. The world is lighted from within and our common task should be pledged to keep it aflame with humankind's larger measure of liberty, faith, and peace. With technological advances to explore, we need to get more acquainted with the old so we may be able to better understand the new.

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