Changes in Goods

Futurity in general is, in many ways, not all that innovative, but reflective of ongoing change. Just consider how different things will be in a mere 50 years – keeping in mind that the ballpoint pen only came to the U.S. market in 1945, the computer game Pong only entered the market in 1972, and electronic or email on personal computers only advanced in the late 1980s. Will we look as retro to our descendants as our ancestors appear to us today (if we bother to look)? Yet, at the same time we are only a brief constant in a world of change.

The Growing U.S. Trade Deficit

According to the latest reports,released on July 12, 2011,  the U.S. Trade Deficit has increased greatly from April to May due in part to the rising oil costs.   The U.S. Department of Commerce states that the good and services deficit increased from $43.6 billion to $50.2 billion over that month.  Click here to read the press release in its entirety.

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