The report said the proposal would cause "unacceptable levels of noise and disturbance, with consequent adverse effects on the living conditions of those living nearby".
What one can say, however, is that global economic stability calls for a gradual reduction in America's enormous current-account deficit (and its consequent heavy demands on the global capital market).
This reflects a protracted period of weak external demand with consequent strongly negative effects on exports and increasing uncertainty about high-growth emerging countries.