Word: perlis
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...entire entertainment and leisure budget," says Michael Pachter, an analyst who tracks video games at the securities firm Wedbush Morgan. "You're going to see a shift from high-cost forms of entertainment to low." Parents may cancel a Christmas ski trip that would cost about $40 per hour, the logic goes, and instead spring for Nintendo's Wii Fit so the family can do some virtual skiing through the long, cold winter at a cost of $1 per hour...
...sales of big gas-guzzling vehicles have collapsed. If we see that kind of change it becomes a much longer term issue with long-term demand destruction." In the short term, there's simple math. The average driver goes about 12,000 miles a year at 20 miles per gallon, says Ken Medlock, an Energy Fellow at the Baker Institute at Rice University in Houston, Texas. If gasoline drops $1.50 the $900 that Joe Average Driver saves would amount to a big stimulus package. According to Ed Leamer, director of the UCLA's Anderson Forecast, the current price slide could...
McCain campaign advisor Gail R. Wilensky presented her candidate’s proposal to provide tax credits of $5,000 per family or $2,500 for an individual, as well as a “Guaranteed Access Plan” for those people who cannot receive coverage due to conditions such as chronic illnesses...
...possible that consuming four or more cups of coffee per day may increase breast cancer risk in those with a history of benign breast disease...
Before an audience of wide-eyed freshmen, Per Wästberg ’55, the chairman of the Nobel Committee for Literature, conjured images of Harvard in a different age last night...