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 http://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 … More From the “No Surprises Here Department”: Price Controls Cause Chaos in Ethiopian Markets
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 … More Investors using municipal power company borrowing to maximize private returns?