Radio Flyer Marks 100 Years of Wagon Production

Radio Flyer is rolling its largest “little” red wagon into its hometown of Chicago in celebration of the company’s 100-year anniversary. Radio Flyer’s gargantuan wagon was the centerpiece for the company’s anniversary event Thursday in the city’s downtown area, the Chicago Tribune  reported. The wagon was created 20 years ago …

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Gaza’s Electricity Shortage at Crisis Level

The electricity supply to Gaza’s 2 million residents has dropped to unprecedented lows, with blackouts lasting for more than 24 hours, the territory’s power distribution company said Thursday, prompting fears of a humanitarian and environmental crisis. The Palestinian enclave needs at least 400 megawatts of power a day, but only …

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Bank Raises South Korea’s Growth Outlook

South Korea’s economy is likely to expand 2.8 percent this year over a year earlier thanks to strong exports and robust capital spending by tech companies, Bank of Korea said Thursday, revising its earlier forecast upward slightly.   If growth is as forecast, Asia’s fourth largest economy will expand at …

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Takata Announces Another Recall of Air Bags

Japanese car parts company Takata on Tuesday recalled another 2.7 million air bags that it previously thought were safe. The recall affects certain Ford, Mazda and Nissan cars from the 2005 through 2012 model years. Takata’s air bags are inflated by a chemical — ammonium nitrate — in emergency situations, …

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Get on Twitter, @Lagarde Tells Policymakers

How do you explain the European Central Bank’s capital key in 140 characters? Or the U.S. Federal Reserve’s dot plot? Difficult. But International Monetary Fund chief Christine Lagarde wants the world’s policymakers to try. At a conference in Croatia on Tuesday, Lagarde said convoluted fiscal and monetary policy proposals use …

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