Archive for June 15th, 2008
Posted in June 15th, 2008
Submitted by CARPE DIEM
SAN DIEGO - If there’s pain at the pump in the U.S., Mexico may just have a remedy. A gallon of regular unleaded gasoline in San Diego retails for an average price of $4.61 a gallon. A few miles south, in Tijuana, it’s about $2.54 — even less if you pay in […]
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Posted in June 15th, 2008
Submitted by A Dash of Insight
Looking at market sectors is a great way to get overall perspective. When sector breadth shrinks, as it has over the last few weeks, it is a warning. Our weekly ETF update takes a time frame of about one month. We are especially interested in being on the right side […]
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Posted in June 15th, 2008
Submitted by unsettling economics
Some of you may have seen the news about the huge California wildfires. One of the biggest started just outside of Chico, but has been moving up toward Paradise, about 10 miles away. 5000 homes are at risk and much of the city has been evacuated. It is also very close to […]
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Posted in June 15th, 2008
Submitted by Econbrowser
A potentially huge story from the New York Times.
NYT reports:
Saudi Arabia, the world’s biggest oil exporter, is planning to increase its output next month by about a half-million barrels a day, according to analysts and oil traders who have been briefed by Saudi officials.
The increase could bring Saudi output to a production level […]
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Posted in June 15th, 2008
Submitted by Econbrowser
There’s been a lot of discussion recently about the effects of high gasoline prices on the quantity demanded of gasoline, as well driving behavior (Jim Hamilton, Jim Hamilton, CR, CR, Paul Krugman). David Austin, whose work I have cited often on this blog, gave a fascinating presentation, entitled “Effects of Gasoline Prices on […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
One of the most enduring changes in the lives of Russians in recent years has occurred not in Russia itself, but in places like this coastal region of Turkey, where an influx of Russian tourists has given rise to a mini-industry catering to their needs. A people who under Communism were rarely […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
Thanks to an anonymous comment for the link to this Dept. of Energy website with data on the Average Price of a New Car from 1970 to 2006, in both current and constant dollars. The chart above shows the real, inflation-adjusted average price of a new car from 1976 to 2006 (in […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
In the face of all of the bad news about rising gas prices, here’s maybe some good news: The real cost of new cars is actually declining.
Here’s why: In the last 30 years since 1978, consumer prices on average (CPI: All Items) have increased by about 3X (see chart above). During […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
While the exact mechanisms for metering are not yet developed, there’s no way that the current all-you-can-eat model can continue much longer. It’s stupid, and it contributes to complex problems we do not need.
First, let’s establish that your monthly cost for using the Web–if you are a typical user–should not change […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
When you look at the Republicans you see the scum off the top of business. When you look at the Democrats you see the scum off the top of politics. Personally, I prefer business. A businessman will steal from you directly instead of getting the IRS to do it for him. And […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
On Friday, the US dollar (broad index) reached its highest level since late February 2008, and is up by more than 2% since its April lows.
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Posted in June 15th, 2008
Submitted by CARPE DIEM
According to this Census Bureau report (most recent data available), there were about 47 million uninsured Americans in 2006. The chart above shows the household income levels of those 47 million uninsured Americans. There are 9,283,000 uninsured Americans living in households that make $75,000 or more, and this represents about 20% of […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
From the Motley Fool: Let’s play a game called Pick the Profiteer! Your choice will indicate the industry that’s clearly making more than its fair share. We’ll tax those excess profits to subsidize the unreasonable prices that consumers pay for the industry’s products. Sound good? Here are your choices:
Visit 1800blogger to […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
There are nearly 1,000 retail medical clinics across the country, typically staffed by advanced-degree nurses known as practitioners. Most clinics are open seven days a week, with no appointment needed.
The model has been greeted by health insurers, employers and consumer groups as a way to address the national problem of accessing medical […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
2008 most and least fuel efficient vehicles, click here
Thinking of getting a car with better gas mileage? Find out how much money you can save, click here
Find out the mpg of your car (and your carbon footprint), click here
Homepage for Fuel Economy.gov, click here
Update: Here’s another website to help answer the question […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
As a followup to this CD post, the Political Calculations blog has this recent post on starting salaries for 2008 college graduates, and you can easily sort the data. Econ grads at $53,000 fall just below engineering and computer science, and way above all of the business majors like accounting, finance and […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
Oil Shock I: World oil prices almost quadrupled between 1973 to 1975, from $3.50 per barrel in 1973 to $13.50, a 286% jump. Result in Germany? Inflation DECREASED from about 8% to 5% during this period, while U.S. inflation more than tripled from 3.65% in January 1973 (not pictured above) to 12.34% […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
It simply stretches credulity to argue that an “opportunity” given to one, on the basis of race, is not discrimination against another for the same reason.
How does Mr. Obama expect America to compete with China and India when we abandon the principle of individual merit and elevate skin color and sex above […]
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Posted in June 15th, 2008
Submitted by CARPE DIEM
WASHINGTON (Reuters) - Soaring gasoline prices helped drive up overall U.S. consumer prices during May by the fastest rate in six months, but core prices remained tame, a government report today showed. But 12-month core prices advanced 2.3% as expected (see chart above).
MP: Note that core CPI inflation (less food and energy, […]
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