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The article reports that Department of Labor (DOL) has announced $65 million award to 13 regions participating the Workforce Innovation in Regional Economic Development (WIRED) in the U.S. It states that the initiative was introduced by the Employment and Training Administration (ETA) to incorporate economic and work force improvement. In addition, one essential principle of WIRED is to create a wide network of public and private stakeholders and associate with other government agencies.

This article addresses the trends of the liquid natural gas (LNG) industry in a global market context and focuses on its effect on U.S. gas markets. It is reported that global relative prices are becoming far more important than absolute prices in U.S. trade. Worldwide rises in LNG development rates are also explored.

An interview is presented with author and economist Richard Florida. Florida forecasts that the U.S. economy will see a decline in housing costs, which he states is necessary if economic development is to occur in other sectors. He says that it is urgent to upgrade the wages and earning capacities of persons employed in service industries. Florida expresses the belief that an emphasis on quality will become essential in marketing.

This article reports on a proposal of U.S. President George W. Bush to deploy additional troops in Iraq and continue rebuilding the country's economy. The administration has appointed former ambassador Timothy M. Carney to be its Baghdad-based point man for the revised economic development effort, with the title of coordinator for Iraq Transitional Assistance.