Submitted by CARPE DIEM
America says to foreign producers: We prefer not to pump our oil, so please pump more of yours, thereby lowering its value, for our benefit. Let it not be said that America has no energy policy.

~George Will
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Submitted by CARPE DIEM

WSJ/WASHINGTON — The number of U.S. workers filing new claims for unemployment benefits posted a surprising drop last week to a six-week low, signaling some improvement in labor-market conditions ahead of Friday’s employment report for May (DOL report here).

The four-week average of new claims, which economists use to gauge underlying job trends, […]

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Submitted by CARPE DIEM

The nation may be struggling with soaring fuel prices, high food bills and rising home foreclosures, but when it comes to the revival of the celebrated Lakers-Celtics matchup in the NBA championship series after 21 years, all economic indicators are up. Ticket prices and merchandise revenue have risen steadily through this postseason, […]

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Submitted by The Capital Spectator
The Federal Reserve Chairman is chatting up the dollar these days. On two separate occasions this week, Ben Bernanke made some extraordinary comments about inflation and the greenback. Extraordinary, that is, for a sitting Fed chairman.
Typically, the tired remarks about a strong dollar being in the best interests of the U.S. […]

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Submitted by unsettling economics

“Property rights attract private capital and, with government space programs stagnating, a lunar land rush may be just what we need to get things going again. I’ll take a nice parcel near one of the lunar poles, please, with a peak high enough to get year-round sunlight and some crater bottoms deep […]

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Submitted by Econbrowser
Following up on this post from October 2006, when oil was only $58.88 (WTI,daily average) a barrel, consider this excerpt from today’s Thomas Net:
The impact of rising transportation costs, driven significantly by high oil prices, is already being seen in capital-intensive manufacturing that carry a high ratio of freight costs to the final […]

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Submitted by CARPE DIEM
The demand for cheaper and more accessible healthcare in the U.S. has led to the proliferation of retail health clinics, which offer simple medical treatments for walk-in patients. Could a similar model work in the UK?
Retail health clinics have succeeded in capturing the US public’s imagination because they are organized around principles […]

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Submitted by CARPE DIEM
Like philanthropy, saving is an act of self-denial that enriches your neighbors (by leaving more goods available for them to consume). But unlike philanthropy, saving is punished by the tax system (via the taxes on interest, dividends, capital gains and inheritance). That’s nuts. When you tax saving, you encourage people – wealthy […]

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Submitted by CARPE DIEM

June 3 (Bloomberg) — The Bakken formation is a sprawling deposit of high-quality crude oil beneath the durum wheat fields of North Dakota, Montana and southern Saskatchewan and Manitoba. The Bakken may give the U.S. — the world’s biggest importer of oil — a new domestic energy source at a time when […]

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