Is There a Correlation Between Crime and the Economy?

Crime rates should drop during good economic times and rise during bad ones. So very soon if you are walking the streets of New York late at night, you may be at risk of being mugged by gangs of investment bankers, driven to acts of desperate violence by the travails of the credit markets. . . . → Read More: Is There a Correlation Between Crime and the Economy?

New Proposal to Increase Cars’ Fuel Economy Will Hurt the Auto Industry

Under the Energy Independence and Security Act passed last year, the Department of Transportation (DOT) has to raise the fuel economy standard for cars and light trucks to a fleet-wide average of 35 miles per gallon by 2020. The act also gives the DOT the authority to fix interim standards. The government’s recent proposal . . . → Read More: New Proposal to Increase Cars’ Fuel Economy Will Hurt the Auto Industry

Making Lemonade: The Travel Industry’s Attempts to Capitalize on Economic Woes

We’ve all heard the old saw, when you’re given lemons, make lemonade. The travel industry is no doubt attempting to do just that, given the current economic woes and high gas prices. The Smith Travel Research Global is reporting hotel occupancy rates are down 3.9% to 66.7% for the first half of 2008 in . . . → Read More: Making Lemonade: The Travel Industry’s Attempts to Capitalize on Economic Woes

Is Speculation Driving the Price of Oil?

In 2005, the U.S. Department of Energy published a report entitled Peaking of World Oil Production: Impacts, Mitigation, & Risk Management. Called “The Hirsch Report” after its lead author, Robert Hirsch, its purpose was to lay out a governmental strategy for softening the effects of peak oil and its aftermath: that is, the chaos . . . → Read More: Is Speculation Driving the Price of Oil?

Agricultural Markets Ripe for Speculative Picking

Most people probably don’t realize (I didn’t) that the U.S. has a strategic grain reserve. Well had. It’s almost entirely depleted. The United States Department of Agriculture (USDA) operates the Commodity Credit Corporation (CCC) which, according to the USDA site, performs the following functions:

“The Commodity Credit Corporation (CCC) is a Government-owned and operated . . . → Read More: Agricultural Markets Ripe for Speculative Picking

Home Exchanges: How One Group of Vacationers Are Coping with Rising Travel Costs

Exploding gas prices, a housing burst and the shaky state of the stock market have all combined to create a tenuous economy that has already had a direct impact on travelers and vacationers in the U.S. In addition to the weak dollar with respect to the euro, the cost of flying across the pond . . . → Read More: Home Exchanges: How One Group of Vacationers Are Coping with Rising Travel Costs

Gas Prices: Print Media’s #1 Enemy

At over $4 a gallon, gas is definitely putting the pinch on consumers. Wired writes, “No Mocha For Me, Thanks. I’ve Gotta Buy Gas.” We aren’t sweating the little things; we’re simply cutting them out.

The media is self-centered. It loves to write about itself without regard for whether its audience is interested or . . . → Read More: Gas Prices: Print Media’s #1 Enemy