2/26/13

The Morning Economic Report - 2/26/13

February 26, 2013   #1123   French Onion Soup

When I was a kid, I saw a movie called Irma La Douce, a romantic comedy set in turn of the century Paris.   One early scene depicted hordes of formally attired folks sitting around the tables of a greasy spoon cafe sipping hot bowls of French Onion Soup in the early morning.   At the age of 14, I couldn't figure it out the allure, but now I know. 

Every Drop Counts

A lot of us take water for granted. We simply turn on a faucet, and there it is, in seemingly endless supply. Freshwater, however, is not as plentiful as you might think. Yes, the world is 70 percent water, a staggering amount. Of that water, 97.5% is salt water. The rest, just 2.5%, is freshwater. And of that, less than 1 percent of the world’s freshwater is available for use by people.