Little impact from quake
Some of you might find it perverse to consider the economic fallout from today's disaster in China's Sichuan province, but the nation's manufacturing activities have become so critical to global commerce that it's hard not to ask the question. Merrill Lynch economists say that the earthquake did not hit a major manufacturing center and caused little or no damage to regional transportation. The province is mainly an agricultural area, accounting for just 2.5 percent of manufacturing output. They believe the quake will have a smaller impact on China's economy than a series of freak snow storms earlier this year that knocked out power, closed airports and disrupted rail lines. Supply shortages, however, do run the risk of fueling inflation.
3:30 PM Monday, May 12 2008 • Link
Email or share:
Email or share:
© 2003-2008 • About LA Observed • Contact the editor
| Gas prices are way down, DVD sales are sliding, Kaiser gets four-star rating, and no progress in SAG talks.
| WSJ reports that Citigroup executive are looking into the possibility of selling the financial giant or auctioning off pieces.
| Without referencing its recent layoff, the Ventura County Star's editor says the suburban LA paper is now "more streamlined and, in many ways, much more efficient."
| We stripped the Indians of their ponies, and now we're doing it to ourselves.
| When the sun looks like that, there's a big fire somewhere regardless of whether we see or smell smoke.
Lee Abrams, Tribune Company's chief innovation officer, doesn’t seem too impressed with the Los Angeles Times. That’s the feeling I got when he appeared at the Los Angeles Press Club.
It was soon after we moved here that, while kayaking one morning, I came across a set of odd buoys,...
Sponsors
Premium Blogads
Books, Blogs & Events