Word: pricedness
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This just-not-in-time shortfall has been accelerated by apparently overoptimistic expectations that negotiations between the U.N. and Iraq would shortly bring a return to the marketplace of Iraqi oil--700,000 bbl. a day--which would lower oil prices. That hasn't happened, so refiners are buying higher...
To the rest of the world, our price complaint must look a little silly. Even at an average $1.30 per gal., gas prices are as low today in real terms as they were in 1950--and nearly 40% lower than after the last embargo's price peak in 1981. Thanks...
A common refrain expressed among the crowds snaking around Sotheby's last week was the desire "to buy a piece of history." These were not, by and large, run-of-the-mill collectors, people who amass hordes of stuff centered on a particular interest or obsession. Nor were most of...
Consumer organizations hailed Post's moves as "Grape Nuts Monday"--an echo of "Marlboro Friday," when Philip Morris cut the cost of Marlboros in 1993 and ignited an industry-wide break in cigarette prices. "Brand-name cereals have been outrageously priced for as long as anyone can remember,'' says Michael...
What is truly dismaying about all this is the degree to which privileged African Americans--including myself--have acquiesced to the process. Just like many whites, a lot of us walked away from the fight for school integration once we made sure our own progeny would receive its undeniable benefits...