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U.S. appetite for drugs begets violence migrants are fleeing
Topic - David A. Levy
While Washington wrestles with the nation's burgeoning budget deficits, some good news has emerged on the other deficit front: The nation's bloated trade deficit appears to be turning the corner, with at least one prominent economist predicting it will disappear altogether within a decade.
"It's striking," he said, but the renaissance in manufacturing has been building for a decade.
Mr. Levy, the New York forecaster, said he is convinced that the U.S. has turned the corner on trade, thanks to a combination of declining oil imports, soaring farm exports and a sea change in global manufacturing.