World Dec 23

Nicaragua begins construction on new 173-mile transoceanic canal

Work begins today on the $50 billion Nicaragua Canal after the Nicaraguan government and the Chinese investment firm, HKND, held a groundbreaking ceremony on Monday. The ceremony was held away from the construction in Managua, Nicaragua’s capital, amid protests against…

World Aug 14

Gallery: 100 years of the Panama Canal in 10 photos

Friday marks the 100th anniversary of the opening of the Panama Canal, the 48-mile passage linking the Atlantic to the Pacific Ocean. It helped move American troops to the Pacific theater during World War II and has facilitated trade between…

Economy Mar 30

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Why Is the Trade Deficit Important?

Question: Please explain the trade deficit. What is it? Why is it important? Is it an indicator like taking someone’s temperature or is it a debt that has to be paid? Does it relate directly to our national debt?…

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