Michael Giberson Chris Dillow at Stumbling and Mumbling considers the move of the UK Financial Services Authority to crack down on insider trading: The FSA is promising to crack down on insider dealing. No-one in the City feels the need to change his underpants. After all, what chance do public sector workers have of ever …
Would Making Insider Trading Restrictions Optional for Corporations Suffice? Read More »
Michael Giberson While Lynne was visiting Maryland in search of the perfect yarn score, I was in New Orleans for the Jazz and Heritage festival. I’ll share a photo or two once I have a chance to sort through them myself. In the meantime, I’ll share this article from the Monday morning Times-Picayune, which reveals …
Fishing for Red Snapper in the Gulf: Quotas and Derbies Read More »
Michael Giberson If you haven’t had your fill of ethanol-and-the-high-price-of-food-everywhere stories, today the Washington Post takes a look from the point of view of an Iowa farmer. Johnson is a one-person summary of how high corn prices are washing through the world of agriculture and climate change. Normally, he plants half of his 900 acres …
Michael Giberson Wow, this article on international oil supply and demand from the New York Times is fascinating, and not in a good way. Did they fire the editors? It is like a bad action movie – fast-paced, a few colorful characters, far too many plot twists, and if you stop to think you spoil …
Thrills! Chills! High Oil Prices! A Roller-coaster Ride of Excitement! Read More »
Michael Giberson According to a year-long study of gasoline prices in the state of Washington, variations in prices across the state “are due to the cost of obtaining and transporting fuel to stations and local competition – not illegal price manipulation.” The state’s Attorney General commissioned the study, which was conducted by University of Washington …
No Gouging or Other Manipulation Found in Study of Washington State Gasoline Prices Read More »
Michael Giberson Free Press columnist Ed Shamy offers “a stroll through The Burlington Free Press archives about gasoline prices,” beginning January 16, 1974, continuing to today: Jan. 16, 1974: Gasoline in short supply in Vermont. Entire communities without a single open filling station. And gasoline is obscenely expensive, an average of 48.7 cents per gallon …
A Longer View of the Retail Gasoline Experience in Vermont Read More »
Michael Giberson In an op-ed in the Washington Post, Lester Brown and Jonathan Lewis seem overly generous in their interpretation of the motivations for the now-obvious-failure of ethanol policy in the United States: Food-to-fuel mandates were created for the right reasons. The hope of using American-grown crops to fuel our cars seemed like a win-win-win …
Michael Giberson Tyler Cowen picks the market consensus over book-writing pundits: Either the current market estimate of inflation is the best estimate available, or you know that it is wrong and you will be a very rich man. I find the former scenario more plausible. Cowen is commenting on the Kevin Phillips book, Bad Money, …
Who Would You Back: the Market Consensus or Book-writing Pundits? Read More »
Michael Giberson As I mentioned yesterday, I thought the Washington Post‘s story (“Decade of deregulation felt in climbing bills“) on various costs embedded in electric power bills was reasonably good. But the article covers several aspects of the overall picture without always being clear about the role played by the charges. From the economics point …
“Decade of Deregulation Felt in Climbing Bills”: Costs by Category Read More »
Michael Giberson The Washington Post today contains a story titled, “Decade of Deregulation Felt in Climbing Bills“: As they watch their bills climb, electricity customers in the Washington region might be surprised to know they are paying costs that have nothing to do with the rising price of fuel. Virginians are paying Dominion Power tens …
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