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Obscure Economic Indicator: Port of Los Angeles container counts. - By Daniel Gross - Slate Magazine
This is just a sample of the content found on this website. Please visit the website to read the entire page. "Briefing News & Politics Arts Life Business & Tech Science Podcasts & Video Blogs HOME / moneybox : Commentary about business and finance. Hold Everything Obscure Economic Indicator: Port of Los Angeles container counts. By Daniel Gross Posted Friday, Aug. 26, 2005, at 3:06 PM ET Question: What arrives in Los Angeles full and leaves empty? The wallets of movie investors? The dreams of starlets and screenwriters? Yes and yes. But increasingly, it's shipping containers , those underappreciated boxes that are crucial cogs in the vast machinery of international trade. PRINT DISCUSS E-MAIL RSS RECOMMEND... SINGLE PAGE Facebook MySpace Mixx Digg Reddit del.icio.us Furl Ma.gnolia Sphere StumbleUpon CLOSE Because they can be hoisted directly from a train or truck onto a gigantic cargo vessel in China and then offloaded directly onto a truck or train at a U.S. port, shipping containers are a huge boon to efficiency. Without these boxes—full of toys and clothes, electronics and auto parts—our big-box stores would remain empty shells. On a less optimistic note, they're the main vehicle through which the U.S. trade deficit grows. The numbers that make up the trade deficit are really large and are frequently difficult to fathom. In June , the trade deficit was $58.4 billion. For 2004 , the trade deficit was $617 billion. Spurred by a massiv" .... read entire page
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