A Man, a Plan, a Canal, Panama
Column Published in syndication August 10, 2016

In June, work was completed on an expansion of the Panama Canal, with hopes of increased trade between Asia and the US Gulf and East Coasts. The canal was originally completed in 1914 at a cost of more than $350 million dollars. It took a decade to build the lock canal stretching roughly 50 miles to connect the Pacific and Atlantic Oceans. The canal eliminates the need to travel around the southern tip of South America and shortens a sea journey from Asia to the US East Coast by some 8,000 miles.

The Long‑Term Outlook for the US Economy
Column Published in syndication June 22, 2016

The US economy is on fairly solid ground, and our latest forecast calls for moderate growth over the long-term horizon. There are several areas of concern and business cycles are inevitable, but on balance, I expect improvement in the years to come.