A New Energy Future is Emerging From Tight Oil and It Holds the Promise of Ending Oil Imports
Professor Mark J. Perry's Blog for Economics and Finance
In another sign that the U.S. labor market is gradually improving, the Labor Department reported today that initial weekly claims for unemployment fell last week to 364,000 (seasonally adjusted), which is the lowest weekly claims count since April 2008, more than three and-a-half years ago. The four-week moving average fell to 380,250 claims, the lowest level since June 2008.
James Harmon, an owner-occupant Manhattan landlord on West 76th Street near Central Park is going all the way to the United States Supreme Court with his claim that New York City’s rent laws constitute a “taking” of his rental property without just compensation, and violate his constitutional rights.
I'm not sure how new this is, but Ebay now has a "price trends" feature that allows you to track the prices of standard items over time for both completed "buy it now" purchases and "auction" sales. The chart above (click to enlarge) shows the downward price trend for the "Apple iPhone 4S (Latest Model) - 16GB - White (AT&T) Smartphone" from $710 in early October to $558 for the most recent purchases.
The word "quota" appears four times in the draft of the District of Columbia's taxi reform bill, including this key phrase:
This one picture above of the Korean peninsula does a pretty good job of capturing the legacy of Kim Jong Il by comparing electricity usage at night between North and South Korea.
In a huge reversal that has happened in just the last week, Gingrich's Intrade odds are down below 9% and Romney has surged back up to almost 70% (see chart above).
In October 2007, Greg Mankiw closed the comments section on his blog with this message "Why Comments Are Gone."
Here's a website with some great historical data on Apple products back to 1976, with specifications and retail prices. The laptop above is the 1991 PowerBook 100, which retailed for $2,500 ($4,150 in today's dollars), and had a processor speed of 16 MHz and disk space of 30 MB. Today's MacBook Pro (picture below) is 125 times faster (2 GHz) and has almost 17,000 times more disk space (500 GB) and sells for $1,800.
And marshmallow-flavored vodka......
One interesting factoid from today's CPI report: