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economic condition

The Neighborhood Effect and May Town Center

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The NY Times article on readjusting globalization that I quoted earlier today referenced the economist idea of "the neighborhood effect," which is reducing transportation costs by moving industry closer to component suppliers and to target consumers.

Dear Sen. Phil Gramm

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Sir,

I know you are out there advising John McCain and stuff, but I don’t think you and he are saying the same thing. Just a few days ago, McCain said the economy was in shambles.

No, really. That’s what he said.

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