Export Growth Boosts Economic Recovery
December 10, 2009 by admin
Exports surged to the highest level in nearly a year! This surge of 2.5 percent in exports, allowed the 32.9 billion dollar trade deficit for October to fall by 7.6 percent below the September deficit of 35.7 billion.
The Associated Press today announced that “The U.S. trade deficit unexpectedly narrowed in October” and that “growing exports, boosted by a weaker dollar, are expected to boost demand for American manufactured goods in coming months and provide important strength to the overall economic recovery.”
They report that in the first 10 months of this year, the deficit is at an annual rate of $364.8 billion. That is about half the gap for the whole year in 2008. The stock market in turn rose after the improved deficit was reported. In mid-day trading, the Dow Jones industrial average was up about 81 points, for an increase of 0.8 percent.
However to temper that good news, the narrower trade deficit reflects the impact of the recession, which cut consumer demand for domestic and foreign goods.
Donations to Boston Public Health Commission’s Long Island Shelter
December 3, 2009 by admin
Unitrans “warms” hearts by donating approximately 50 wool sweaters to women in need through a local donation to the Boston Public Health Commisson’s Long Island Shelter. Hopefully this holiday season will be made a little happier, and warmer, for those in need through the Long Island Shelter receiving these high quality hand knit European sweaters.
“The Boston Public Health Commission’s Homeless Services Bureau operates two emergency shelters. The Long Island Shelter is a 435 bed emergency shelter located on Long Island in Boston Harbor. Long Island Shelter provides a variety of services designed to assist shelter guests’ move beyond the shelter.” (via Boston Public Health Commission website)
During this holiday season of giving, Unitrans is proud to have made this in-kind donation that will help Boston to provide much needed clothing to the guests of the Long Island Shelter. If you too would like to make an in-kind donation to this shelter, please call 617-534-2526 for more detailed information of how to enrich those guests who are in need.