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Keyword: prices

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  • Feds Force Michigan Cherries to Rot – In Order To Raise Prices

    10/12/2016 10:24:07 AM PDT · by MichCapCon · 28 replies
    Michigan Capitol Confidential ^ | 10/11/2016 | Derek Draplin
    Over the summer, millions of pounds of Michigan tart cherries were dumped on the ground and left to rot, thanks to a federal board. The dumping means fewer tart cherries in stores which means higher prices for consumers. And while American farmers are forced to keep their cherries off the market, some companies end up having to import cherries from other nations. Photos of some of the dumped cherries went viral. The images troubled many people, who wanted to know why all that fruit was wasted. The short answer is this: It’s complicated and involves government policies. The Cherry Industry...
  • Pipeline Expected To Restart After Leak Triggered Surging Gas Prices In South (Alabama)

    09/20/2016 3:48:30 PM PDT · by blam · 17 replies
    September 20, 2016 Associated Press A main gas line is expected to restart Wednesday with a temporary bypass after a leak and spill in Alabama led to surging fuel prices and some gas shortages across the South, a company official said Tuesday. The roughly 500-foot section of pipe that will serve as the bypass is now complete, and the company expects that will allow it to restart the main gasoline line, Colonial Pipeline spokesman Steve Baker told The Associated Press. "Tomorrow's restart of the main gasoline line is a key milestone," Baker said. "However, it will take a few days...
  • Ammo Background Checks

    07/11/2016 6:55:30 PM PDT · by Randy Larsen · 37 replies
    7/11/16 | Randy Larsen
    How much will we pay?
  • The Fed, the Dollar, and Oil

    03/23/2016 5:03:26 AM PDT · by expat_panama · 10 replies
    financial sense ^ | 03/22/2016 | Matthew Kerkhoff
    Five consecutive weeks of gains makes it hard to argue that we’re in a bear market. While it may not seem like much has changed since the markets last swooned, a few key developments remain supportive of stock prices.In particular, a shifted stance on monetary policy, change in the trajectory of the dollar, and recovery in oil prices have turned sellers into buyers.The Fed Last Wednesday the Federal Reserve confirmed what many had anticipated going into the latest FOMC meeting: that the Fed would have to back off of its four-rate-hike plan for 2016.For some time now, the Fed’s...
  • Disney Resets Theme Park Ticket Prices For Slow, Busy Times

    02/27/2016 1:09:35 PM PST · by Hojczyk · 21 replies
    Reuters via OANN ^ | February 27,2016
    <p>The busiest days create frustrations for visitors such as long lines and temporary gate closures when parks get too full. The company is expanding the parks with new attractions based on popular franchises such as “Star Wars” and “Frozen.”</p> <p>The shift to demand-based pricing is designed to help spread out crowds at Walt Disney World in Florida and at Disneyland Resort in California, Disney said in a blog post.</p>
  • Citi: World economy seems trapped in 'death spiral'

    02/05/2016 12:08:31 PM PST · by HarleyLady27 · 28 replies
    CNBC ^ | Feb. 5, 2016 | Katy Barnato
    The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
  • Gas Wars: A Gallon Is Just 46 Cents Here

    01/18/2016 10:50:44 AM PST · by blam · 39 replies
    CNBC - REUTERS ^ | 1-18-2016 | Katie Little | Steve Kopack
    CNBCJanuary 18, 2016 While gas prices are low nationwide, some stations are slashing the fuel's price to rock-bottom levels to the tune of less than 50 cents a gallon. The drastic price cuts are part of a gas price war at three Houghton Lake, Mich., stations. During the last three days, the prices dropped below a buck per gallon, falling as low as 46 cents at Sunrise Marathon. Meanwhile, the Beacon & Bridge gas station was as low as 47 cents, said employees of each station in interviews with CNBC.(snip)
  • Cheap oil puts the House of Saud at risk: Kingdom exhausts monetary reserves in 5 years

    12/14/2015 12:15:26 PM PST · by SeekAndFind · 26 replies
    Asia Times ^ | 10/22/2015 | Spengler
    Saudi Arabia spends money like there’s no tomorrow. A new report from the International Monetary Fund suggests that there might not be a tomorrow for the House of Saud. Without massive spending cuts, the Kingdom will exhaust its monetary reserves in five years at current oil prices, the IMF reckons. Saudi Arabia is a rich country full of poor people, and the House of Saud has bought a lot of legitimacy by subsidizing its subjects. The dynasty might not survive the sort of austerity measures that the IMF insists are necessary to keep the Kingdom from running out of reserves...
  • Russia Ready To Use Nuclear Weapons: Pentagon’s Top Russia Expert to “bring a speedy peace.”

    11/06/2015 9:57:17 AM PST · by Trumpinator · 74 replies
    valuewalk.com ^ | November 6, 2015 5:21 am | Polina Tikhonova
    Russia Ready To Use Nuclear Weapons: Pentagon’s Top Russia Expert By Polina Tikhonova on November 6, 2015 5:21 am With Russian President Vladimir Putin ordering his security council to develop defensive nuclear equipment, the Pentagon says Moscow is poised to use nuclear weapons to “bring a speedy peace.”
  • Lower gas prices means no Social Security increase next year (Or V.A., federal retirees, etc.)

    10/11/2015 3:34:22 PM PDT · by 2ndDivisionVet · 77 replies
    The Associated Press ^ | October 11, 2015 | Stephen Ohlemacher
    WASHINGTON (AP) — For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. They can blame low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure of inflation, which is being dragged down by lower prices at the pump. The government is scheduled to announce the COLA — or lack of one — on Thursday, when it releases the Consumer Price Index for September. Inflation has been...
  • Oil export bill driving a wedge between industries

    10/08/2015 9:22:51 PM PDT · by 100American · 1 replies
    The Washington Examiner ^ | 10/8/15 2:01 PM | JOHN SICILIANO
    The group has watched the export debate, as any reduction in supply from exports could increase prices domestically. Some large manufacturers have warned that any policy that increases the cost of energy could move U.S. companies overseas. Cicio said he would support the bill if it did not repeal the president's authority. "We should not be so short sited," he told the Washington Examiner. Oil prices currently are low, but "in the future … it can become a very significant cost issue for manufacturing." "All we need is an adjustment" to the bill to keep the safety valve in place,...
  • Gasoline prices expected to spike

    GasBuddy.com says fuel prices could spike within a week anywhere from 10 to 30 cents a gallon, and they could stay higher for several weeks. Its analysts are blaming aging refineries for unplanned repairs. When those happen, often the oil companies will tackle maintenance issues, too.
  • Bye-bye Prevailing Wage Law? Repeal Campaign Turns In 390,000 Signatures

    09/21/2015 11:58:26 AM PDT · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 9/20/2015 | Jack Spencer
    A coalition organized to repeal the state’s prevailing wage law achieved a milestone yesterday when it submitted petitions with more than 390,000 signatures to the state elections bureau. If at least 65 percent of those signatures were deemed to be valid signatures of Michigan voters, the question would then go to the Legislature for a quick up or down vote. “Nearly 400,000 voters have signed their names on the dotted line to demand that government spend their tax dollars more wisely,” said Chris Fisher, in a news release. Fisher is vice president of Protecting Michigan Taxpayers, the coalition organizing the...
  • Government Price Controllers Can’t Make Up Their Minds

    09/01/2015 6:15:16 AM PDT · by MichCapCon · 2 replies
    Capitol Confidential ^ | 8/31/2015 | Jarrett Skorup
    Gas stations have heavy competition. There are stations all over the place and everyone publicly displays their prices. Owners operate on very thin profit margins, and there is lots of incentive to keep prices as low as possible. Almost everyone uses gas and nobody likes paying higher prices. So when prices increase, politicians on both sides of the aisle demand and promise investigations. Oil companies are roundly demonized. (Of course, nobody is sending them a thank-you card when prices come down). When it comes to crops, government bureaucrats take a different approach. When the price of products like corn, soybeans,...
  • DAVID KOTOK: Oil Could Fall To $15

    08/17/2015 1:45:02 PM PDT · by blam · 67 replies
    BI ^ | 8-17-2015 | Bob Bryan
    Bob BryanAugust 17, 2015Oil prices have hit six-year lows, and Cumberland Advisors' David Kotok thinks the worst may be yet to come. "We could go back to $15 or $20, this is a downward slope, we don't know a bottom," Kotok said in a Monday morning interview on Bloomberg TV. WTI crude oil futures are trading near $42 a barrel while Brent futures are just above $48 a barrel. Kotok said that despite the oil industries apparent belief that things will get better, there is little reason for anything to change. "Hope is not a strategy, it’s a myth," he...
  • Shriveled grapes, shriveled liberty

    04/19/2015 1:59:34 PM PDT · by afraidfortherepublic · 4 replies
    The Washington Post ^ | 4-19-15 | George Will
    In oral arguments Wednesday, the Supreme Court will hear the government defend its kleptocratic behavior while administering an indefensible law. The Agricultural Marketing Agreement Act of 1937 is among the measures by which New Dealers tried and failed to regulate and mandate America back to prosperity. Seventy-eight years later, it is the government’s reason for stealing Marvin and Laura Horne’s raisins. New Dealers had bushels of theories, including this: In an economic depression, prices fall, so a recovery will occur when government compels prices to stabilize above where a free market would put them. So Franklin Delano Roosevelt’s “brains trust”...
  • Exxon, Shell's spending patterns may help them through oil price drop

    03/11/2015 4:53:19 AM PDT · by thackney
    Reuters ^ | March 11, 2015 | Reuters
    The world's two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending. The near halving of oil prices since June is likely to send all the biggest listed oil companies into negative cash flow this year, and has sparked a rush to cut costs across the sector as a result. But depending on where they are in their spending cycles, some companies are finding those cuts easier to make than others. "Both (Exxon and Shell)...
  • Chevron to sell $15 billion of assets, cut spending amid price slump

    03/11/2015 4:34:32 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | March 10, 2015 | Robert Grattan
    Chevron Corp. said Tuesday it would sell off more assets and cut back on capital spending, as the integrated oil and gas giant looks to protect its finances from lower crude prices. Chevron said it would put about $15 billion of assets up for sale through 2017 — up from a previous $10 billion target — and cut capital spending incrementally to roughly $30 billion in 2017. In January, Chevron had said it would trim capital spending to $35 billion in 2015, down about $5 billion from its 2014 budget. Despite the cuts, the San Ramon, California-based company said it...
  • Commodity Prices Set To Plunge Below 2008 Lows

    02/26/2015 11:37:16 AM PST · by blam · 44 replies
    TMO ^ | 2-26-2015 | Austin Galt
    February 26, 2015 Austin Galt This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar. We’ll begin with the CRB Continuous Commodity Index which comprises a mixture of components from sectors including energy, metals, soft commodities and agriculture. (snip)If this analysis is correct, it means a big deflationary spiral is dead ahead that will see market participants wide-eyed with fear. However, there should be a significant rally before then which will allow many to get their houses in order. And once this deflationary spiral has run its...
  • Gas prices start to climb again

    02/09/2015 5:06:15 AM PST · by Alas Babylon! · 21 replies
    WYMT TV/AP ^ | 9 February 2015 | Brandon Robinson
    <p>WASHINGTON D.C. (AP) - All good things must come to an end. After months of watching them drop, gas prices went up again this week to an average of $2.20 a gallon, according to the Lundberg Survey.</p> <p>After plummeting by $1.65 between May and January, it seems the downward trend is over.</p>