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The U.S. economy limped along in the first three months of the year at a pace slightly slower than the government previously thought. The biggest drag on growth came from companies struggling to get rid of their unsold goods.Gross domestic product 151; the country s total output of goods and services 151; grew at an annual rate of 1.2 percent from January to March, according to revised figures released by the Commerce Department Friday.The weak economy and higher energy prices took a bite out of U.S. companies profits in the first quarter, which registered their bigg
stanley becher est decline in three years.Most economists expected the government s
stanley website final first-quarter readi
stanley cup ng on GDP to be unchanged from the 1.3 percent rate of growth estimated a month ago. The government originally reported that the economy grew at a 2 percent rate in the first quarter.Many analysts believe the economy grew at a barely discernible 0.5 percent rate in the current April-June quarter, though some predict it didn t grow at all or actually slipped into reverse. The government s estimate of second-quarter GDP won t be released until late July. The second quarter will probably turn out to be the weakest quarter of the year, economists say, and possibly mark the lowest point for the economy since it entered a period of sub-par growth in the second half of last year.To stave off recession, the Federal Reserve has cut interest rates six times this year. The latest reduction, on Wednesday, was the first to Pgqi We Saw Godzilla Footage That Reveals Why Bryan Cranston Is So Pissed
Like every other major metropolis, New York City has tunnels for people, tunnels for cars, and lots of tunnels for trains. But it also has something rather more unique: tunnels for cows. Or does it This is the story of New Yorks lost, forgotten, or perhaps just mythical subterranean meat infrastructure. The first time I came across a mention of the citys cow tunnel s was in Raising Steaks, historian Betty Fussells study of beef and its role in American culture. The underground structure or structures, depending on whose version of the story you believe was supposedly built at the end of the nineteenth century: an infrastructural response to the cow-jams that had begun to block streets in the Meatpacking District of Manhattan
cups stanley . The increased quantity of cattle arriving in the city was due, in part, to another infrastructural innovation: the railway. As the railroads massively increased cattle traf
stanley shop fic to Manhattan, the Pennsylvania Railroad built holding pens in New Jersey, whence barges would ferry cattle across the Hudson to slaughterhouses along Twelfth Avenue and Thirty-fourth Street. Traffic was so heavy in the 1870s that a Cow Tunnel was built beneath Twelfth Avenue to serve as an underground passage, and its rumored to be there still, awaiting designation as a landmark site. Cowboy on 13th Street and 11th Avenue in the
vaso stanley Meatpacking District circa 1911, George Grantham Bain Collection, via Shorpy Fussell goes on to note that, soon afterward, the invention of ref