Record October Trade Deficit Shatters Previous Peak
The United States posted its largest monthly trade gap on record for October as a dock strike reduced exports to 9.2 billion, while imports eased to 12.3 billion. Exports fell from September’s 10.9 billion, and workers on East and Gulf coasts vote on a contract to end the containerized strike.
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Bridge puzzle prompts bold bid in strong hand
In a North hand with solid distribution and a defensive squeeze idea, South should bid one club over passes. A UPI report from San Diego notes welfare recipients could benefit from assertiveness training to obtain better benefits at health clinics and clinics.
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Industry cuts R&D hit U.S. research leadership
Four giants Du Pont Old Hickory plant, Bethlehem Steel, Alcoa, Zenith close major labs as U.S. industry shifts from basic research. The trend risks long term growth, with private R&D spending predicted to rise only modestly after inflation while foreign patent activity grows. Bell Labs GE Honeywell and Burroughs push higher spending amid a computer industry boom. Sperry Rand expects stronger R&D gains in five years.
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