Retail sales fell in October, for the first time in several months. Analysts largely blamed the hurricane. If they're right, sales will bounce back this month and the economic recovery will continue (slowly, slowly).
That's the big picture. To get a sense of the small picture â€” messier, more ambiguous â€” I visited three small businesses on Cross Bay Boulevard, in Howard Beach, Queens. The storm swept in here and flooded the neighborhood.
Within the next two decades, the United States may barely need any oil from the Persian Gulf, due in large part to increased domestic production. That dramatic shift could shake the foundation of U.S. interests in the Middle East.
Originally published on Wed November 21, 2012 9:29 am
"PIGS" are a hot topic in Germany's capital.
Attend any press briefing about how German Chancellor Angela Merkel is going to solve the European debt crisis, and you're likely to hear that acronym, which stands for "Portugal, Ireland (or Italy), Greece and Spain."
But recently, pigs of an altogether different variety made headlines in Berlin.