Marketplace Morning Report for Friday, November 29, 2013
The day after Thanksgiving in the U.S. has evolved from the day get a jump on shopping into something larger. This "mission creep" involves other types of businesses glomming onto the sense that if you are going to spend money, why not today? There's just been a groundbreaking for a four billion dollar railway from the port of Mombasa in Kenya to the capital Nairobi. It's the first phase of a massive rail project that could directly affect the economies of five East and Central African countries. And, hydraulic fracturing or fracking uses chemicals injected into the ground to break fossil fuel free from rock. Environmental concerns continue to swirl around the technique, even as the resulting fuel is moving the U.S. away from its energy dependence on the Middle East. And, fracking uses a lot of chemicals which delights the chemical industry.
The day after Thanksgiving in the U.S. has evolved from the day get a jump on shopping into something larger. This “mission creep” involves other types of businesses glomming onto the sense that if you are going to spend money, why not today? There’s just been a groundbreaking for a four billion dollar railway from the port of Mombasa in Kenya to the capital Nairobi. It’s the first phase of a massive rail project that could directly affect the economies of five East and Central African countries. And, hydraulic fracturing or fracking uses chemicals injected into the ground to break fossil fuel free from rock. Environmental concerns continue to swirl around the technique, even as the resulting fuel is moving the U.S. away from its energy dependence on the Middle East. And, fracking uses a lot of chemicals which delights the chemical industry.
