January 31, 2011

From the “No Surprises Here Department”: Price Controls Cause Chaos in Ethiopian Markets

Michael Giberson Ethiopia devalues currency => prices jump => consumers complain => government issues price controls to stop price gouging => goods disappear from market shelves. Yep, no surprises here. From www.voanews.com: Price Controls Cause Chaos in Ethiopian Markets Price controls on many staple food items ordered by Ethiopia’s government early this month have reduced grocery bills …

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Investors Using Municipal Power Company Borrowing to Maximize Private Returns?

Michael Giberson Some regional power business developments have a few people in the area scratching their heads and wondering what is going on. An excellent article in Sunday’s Lubbock Avalanche-Journal explores the issue, yet still leaves local readers wondering what a quasi-public company is up to on our behalf. In brief, High Plains Diversified Energy …

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