Econ Focus

Econ Focus (formerly Region Focus) is the economics magazine of the Federal Reserve Bank of Richmond. It covers economic issues affecting the Fifth Federal Reserve District and the nation and is published on a quarterly basis by the Bank's Research Department.

Region Focus



Winter 2006

Janice Walker & her daughter

Cover Story

Family Portrait

Life is hard in one of Baltimore's toughest neighborhoods. But for Janice Walker, it's home.



Film at 11

Amid mounting competition, broadcast TV stations like WRAL-TV in Raleigh are committing to local news as their ticket to profitability - and durability.
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Currency Conundrum

Why are exchange rates out of sync with other economic indicators?
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The Sheepskin Dividend

A college degree is still the best predictor of financial success, but that's not all.
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What the Fifth District's only major oil refinery explains about high gas prices in the wake of Hurricanes Katrina and Rita.
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Identity Theft

Greater credit options have increased consumers' financial flexibility - and the ability of criminals to steal information. Still, the share of people victimized remains small.
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Web Exclusive: Security Blotter


Department Article Additional Resources
President's Messages

Rules, Discretion, and the Future of the Fed

Federal Reserve

William McChesney Martin, Jr.: A reevaluation

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Web Exclusive: Bremner on Martin

Jargon Alert


Research Spotlight

Should We Worry About the Current Account Deficit?

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Policy Update

Federal Terrorism Insurance Program Renewed

Around the Fed

Another Reason to Keep Inflation in Check

Special Section

Base Closures in the Fifth District


Tyler Cowen

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Economic History

The Sea Island Hurricane of 1893

Web Exclusive: Storm Stories
Web Exclusive: Top Five Deadliest Hurricanes

Book Review

Dealing with Terrorism - Stick or Carrot?

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Protectionism's Dangerous Allure

Contact Us


Aaron Steelman
Publications Director
(804) 697-2658