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Economic Research

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Volume 9, Number 3
Third Quarter 2007


FEATURES

110° in the Shade: Drought Sears the Southeast

Latin Multinationals Become Global Headliners

The Past, Present, and Future of Futures

The Gulf Coast: Still Laboring Toward Recovery

DEPARTMENTS

Fed @ Issue

Grassroots

Q & A

State of the States

Research Notes & News

Southeastern Economic Indicators

Staff

BackGround

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photo of farm machinery in dust cloud 110° in the Shade: Drought Sears the Southeast

In the summer of 2007, the Southeast experienced the sort of drought that historically occurs only twice in a century. The parched region and its large agricultural sector are still adding up the toll that Mother Nature exacted.



Photo of Cemex business operations Latin Multinationals Become Global Headliners

Latin America–based multinational firms are part of a global movement of large companies from emerging economies that are pursuing profits and market share in developed nations, often through acquisitions.
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photo of city buildings The Past, Present, and Future of Futures

The exchanges on which futures contracts are traded have come a long way from their 19th-century origins and now play a major role in the global financial system.



Photo of a mobile home The Gulf Coast: Still Laboring Toward Recovery

More than two years after Hurricane Katrina roared through the Gulf Coast, rebuilding continues. Despite the considerable progress made, much remains to be done to achieve normalcy.