New Yorkers spent part of this fall pedaling demo versions of a new bike that may become as common as the city's yellow cabs. The city has chosen an Oregon company to set up a fleet of 10,000 rental bikes.
More than half of the $5 billion in local food sales came not from farmers' markets but from restaurants and grocery stores, according to a government report. Those points of sale have attracted bigger farmers who might not bother with direct-to-consumer sales.
Huntsville, Alabama is known to many as "Rocket City." Nearly half of the city's jobs are connected to space and defense funding. Now, with NASA and the Pentagon facing significant cuts, Huntsville faces an uncertain future. Newton, Iowa, went through similar straits when Maytag left town in 2007.
At the Dubai Air show over the weekend, Boeing announced a deal to sell 50 planes to Emirates, the big Persian Gulf carrier based in Dubai. Boeing beat out Europe's Airbus for the $18 billion deal. And the deal also helps General Electric, which makes the engines.
Sharing a common currency with a group of fiscal losers has its benefits. The German economy gained strength over the past two years in large part because the European debt crisis weakened the euro. That made German exports more attractive to customers around the world.
President Obama has a low-key day in Hawaii Monday, before he flies to Australia and Indonesia. His weekend was full of diplomatic meetings at a summit of Asia-Pacific leaders. The president believes the U.S. has not paid enough attention to that region over the last decade. With the wars in Iraq and Afghanistan winding down, he's promising to devote more resources the Pacific Rim.
With technocratic governments being formed in Italy and Greece, the euro may get a short-term bounce from the markets. But there is concern the changes afoot may not happen fast enough to end the eurozone debt mess.
After a week of market turmoil over the worsening eurozone crisis, hopes are high that the appointment of economist Mario Monti to head a technocratic government in Italy will reassure lenders that the country can speed economic overhaul. Monti could face obstruction from lawmakers of outgoing Prime Minister Silvio Berlusconi's party.
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