Recession Helps Narrow U.S. Trade Deficit in November
U.S. trade gap shrank to 27.9 billion in November as recession curbed demand for imports. Oil imports fell to 6.5 billion, the lowest since July 1999, while exports also declined amid weak global demand. Economists see the smaller deficit aiding a slower fourth quarter contraction. NAM urged a weaker dollar, but officials favored maintaining a strong dollar policy.
MENTIONED IN THIS ARTICLE
Washington
Treasury
John Taylor
Commerce Department
University of Michigan
Melanie Jani
Salomon Smith Barney
Merrill Lynch
Stan Shipley
Bush
U.S
National Association of Manufacturers
Taylor
NAM
Jerry Jasinowski
China
Japan
United States
Paul O'Neill
Tokyo
Junichiro Koizumi
2004 Light truck fuel economy stays unchanged
The U S government will not raise the 2004 model year light truck fuel efficiency above 20.7 mpg. NHTSA has not completed impact studies and cites safety and fleet size concerns. A final rule is due by April 1 with a 30 day public comment period.
MENTIONED IN THIS ARTICLE
Washington
National Highway Traffic Safety Administration
Congress
NHTSA
Jeffrey Runge
U.S
INS chief pursues tighter standards for international adoptions
Immigration and Naturalization Service Commissioner James Ziglar said he is crafting changes to adoption procedures to ensure adopted children are orphans. He cited cases where a child cannot enter the United States if not an orphan, and noted the recent indefinite suspension of adoption visas for Cambodian children amid concerns of purchase or theft.
MENTIONED IN THIS ARTICLE
Washington
Immigration and Naturalization Service
James Ziglar
U.S
United States
Ziglar
INS
FDA approves first saliva ovulation test
The FDA cleared the TCI Ovulation Tester, a saliva based device that detects fern like salt crystals in dried saliva to indicate approaching ovulation. The test, over 90 percent reliable versus urine tests, offers a gradual warning trend rather than a simple yes or no result.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
Veronica Calvin
Calvin
FDA
David Feigal
Airlines Coordinate Flights Under Antitrust Immunity
The Transportation Department allowed Delta Air Lines, Air France, Alitalia, and Czech Airlines to coordinate flights, set fares, and sell each other’s tickets while remaining independent. Passengers could begin on a Delta U S flight to Europe and finish with one of the European partners, except Paris-Atlanta and Paris-Cincinnati routes where Delta’s dominance blocks fare coordination for unrestricted coach, business, or first class. Open skies agreements with France Italy and the Czech Republic underlie the ruling.
MENTIONED IN THIS ARTICLE
Washington
Transportation Department
Delta Air Lines
Delta
Air France
Alitalia
U.S
United States
Paris
Atlanta
Cincinnati
France
Italy
Czech Republic
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The
Associated Press
Oval Office
White House
Laura Bush
Camp David
Chaves County
CASA
Jack Verespy
Rose Hill
March Terri Nava
Patty Johnson
Dean Alling
Cindy Douglas
Monica Martinez
Pat Coronado
Harriet Pinkerton
Sara Armstrong
Jack Marcelli
UNC
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