Starbucks Latte 10x Price of Oil

Posted on August 18th, 2008 by Tom Groenfeldt

In a bit of writing that could change the image of The Dismal Science, Economist Todd Buchholz in the WSJ notes that Americans seems to be living well despite headlines forecasting the next Great Depression (This is our version of looking back nostalgically to rough times – sort of like gaining Londoners longing for a […]

Filed under: Technology | No Comments »

Ups and Downs of the Wine Trade In London

Posted on August 18th, 2008 by Tom Groenfeldt

“Champagne sales have slipped at the Wine Library, a shop on the fringe of the financial district, at a time when neighborhood businesses have little to toast,” reports the WSJ’s Letter from the City.
In another sign of the grim economics of downsizing, wine sales appear to be getting a boost as City types buy gifts […]

Filed under: Technology | No Comments »

Tyranny of the Greens?

Posted on August 18th, 2008 by Tom Groenfeldt

WSJ economics writer Stephen Moore suggests environmentalism is a way to bully ordinary citizens, noting that San Francisco garbage collectors could levy fines up to $1,000 for recyclables mixed with garbage improperly.
Looks like America is catching up with the UK here. But he does have an interesting statistical twist noting that Daniel Benjamin, an economist, […]

Filed under: Technology | No Comments »