Word: regionalize
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...harvests in the Richmond, Chicago and Minneapolis Districts, all of which experienced unusually wet weather. Corn farmers in the Midwest are still feeling the aftershock of a Nov. 1 bankruptcy in South Dakota (one of the nation's largest ethanol producrs). A global drop in cotton demand hurt the region's cotton farmers, who saw both a decline in prices and one of the smallest harvests in 25 years. Homebuilders in the Sixth District, which includes Alabama, Florida and Georgia, noted historically high inventory numbers, despite Florida's modest gains in real-estate sales last month. "On a bright note...
...Retail and Services: Nationwide, retailers experienced flat or declining sales, even as stores introduced bargains and layaway programs for people unwilling or unable to buy on credit. A large chain near New York credited the region's unseasonably cold weather for relatively decent sales of outdoor and winter apparel in November, while the only retailer to report an increase in sales in the Fourth District, which includes Ohio and Kentucky, was a national discount chain. A domestic car dealer in West Virginia told the Fed his average sales have gone from 250 cars per month to just six in November...
Thanksgiving was rocked by the news from Mumbai, India: A small gang of terrorists had wreaked havoc on the region. Allegedly trained at a camp in neighboring Pakistan, the group was well prepared. They came with guns, grenades, satellite phones, and foodstuffs. They came with knowledge of local maps, floor plans, and specific targets. India’s most cosmopolitan city was crippled by the attacks, which lasted three nights and claimed the lives of hundreds. Even more were badly injured...
...economic and territorial ambitions of both parties, and they threaten to widen the broadening Arab-Kurd schism. Maliki's recent call to amend the constitution to beef up the central government's powers at the expense of Iraq's 18 provinces did not spare the semiautonomous three-province Kurdish region in the north. It has not only stoked tensions with the independence-minded Kurds but has also drawn fire from his Shi'ite coalition allies in the Supreme Islamic Iraqi Council, who want to set up a similar semiautonomous region in the Shi'ite south. On Monday, the Kurdish regional...
...Mumbai group was connected to the Pakistan-supported Lashkar-e-Taiba, but it takes a while before we know how close and structured that relationship was and how much autonomy the attacking unit was operating with," Bruguière says. "LeT is keen to export its fight throughout the region and world but will do so in loose relationships with myriad extremist movements out there. Some will use car explosions, others kamikaze bombers, and others insurgent terrorists who - just maybe - decide to use drugs to keep their strike going longer. If we want to prepare...