Remittances to the developing world increases to $305 billion
The economic crisis has slowed financial flows to the developing world to a trickle— except for remittances from migrant workers. Last year
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Security contractor Blackwater changes its name
Its brand name tarnished by criticism of its actions in Iraq, private security contractor Blackwater recently changed
its name to Xe, pronounced “Z.” The new name, the company says, reflects its change of focus from private security to “an exciting place.”
Associated Press
Railroad companies idle 206,000 boxcars
With freight shipments down as a result of the recession, railroad companies have idled 30 percent of their carrying capacity, or 206,000 boxcars. Placed end to end, the empty cars would stretch from New York City to Salt Lake City.
The Wall Street Journal
US Airways will stop charging for beverages
US Airways this week said it would stop charging coach passengers for coffee and soft drinks. When other carriers decided not to impose such charges, US Airways was left at a competitive disadvantage.
CNNmoney.com
U.S. remains the world's leading manufacturer
Despite the recession, the U.S. remains the world’s leading manufacturer, measured by the value of goods produced. U.S. factories turned out a record $1.6 trillion of goods last year, nearly double 1987’s output. For every $1 of value produced in China’s factories, the U.S. generates $2.50.
International Herald Tribune