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A collection of news and information related to Market and Exchange published by this site and its partners.

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    May 16, 2013 |Story| AP Member Choice Complete
  1. Consumer prices fall 0.4% on cheaper gas

    A sharp fall in the cost of gas drove a measure of U.S. consumer prices down last month by the most since December 2008. Outside the drop in fuel costs, prices were largely unchanged. The consumer price index fell 0.4 percent in April from March, the...

    Tags: Federal Reserve, Productivity, Consumer Confidence, Labor Markets, Economy, Business and Finance

  2. May 8, 2013 |Story| Los Angeles Times
  3. Record exports mean U.S. summer gasoline prices won't be much lower

    Summer gasoline prices will be lower in the U.S. than they were last year. But they won't be much lower, experts say, because U.S. refineries have been exporting record amounts of fuel overseas.
    Summer gasoline prices will be lower in the U.S. than they were last year. But they won't be much lower, experts say, because U.S. refineries have been exporting record amounts of fuel overseas. That's behind what would normally just be a good news...

    Tags: Minivans and Vans, Fuel-efficient Vehicles, Cadillac, Economy, Business and Finance, George W. Bush

  4. Apr 23, 2013 |Column| Los Angeles Times
  5. Chained thinking on the federal deficit

    Washington's tug of war over the federal budget has many wonders, but the biggest one of all must be the lengths to which politicians and pundits will go to deprive Granny and Grandpa of $30 a month.
    Washington's tug of war over the federal budget has many wonders, but the biggest one of all must be the lengths to which politicians and pundits will go to deprive Granny and Grandpa of $30 a month. That's the amount by which benefits for the average...

    Tags: Social Security, Apples, Game Playing, Public Finance, Barack Obama

  6. Apr 18, 2013 |Story| Los Angeles Times
  7. A regulation that might actually reduce California gasoline prices

    California's strict low-carbon fuel standard could help reduce gasoline prices in the state, the opposite of what many have predicted, by encouraging the use of a relatively cheap and relatively clean U.S. crude oil, some experts now say.
    California's strict low-carbon fuel standard could help reduce gasoline prices in the state, the opposite of what many have predicted, by encouraging the use of a relatively cheap and relatively clean U.S. crude oil, some experts now say. The standard...

    Tags: Commodity Markets, Energy, Gasoline Industry, Economy, Business and Finance, Petroleum Industry

  8. Apr 16, 2013 |Story| Los Angeles Times
  9. Consumer prices drop on cheaper gas, electricity and apparel

    WASHINGTON — U.S. consumer prices slid in March after spiking in the prior month as gasoline prices fell back — the latest indication that inflation remains subdued despite the Federal Reserve's continued action to pump billions of dollars into the financial system. 
    WASHINGTON — U.S. consumer prices slid in March after spiking in the prior month as gasoline prices fell back — the latest indication that inflation remains subdued despite the Federal Reserve's continued action to pump billions of dollars...

    Tags: Labor Markets, Economy, Business and Finance, Petroleum Industry, Marketing, Finance

  10. Apr 12, 2013 |Story| Los Angeles Times
  11. Obama's Social Security proposal sparks GOP confusion

    WASHINGTON -- President Obama's proposal to trim Social Security's cost-of-living adjustments has sparked not only Democratic outrage, but Republican confusion.
    WASHINGTON -- President Obama's proposal to trim Social Security's cost-of-living adjustments has sparked not only Democratic outrage, but Republican confusion. In the days since Obama put the idea in his 2014 budget, Republicans' reactions have...

    Tags: Social Security, Greg Walden, Budgets and Budgeting, Paul Ryan, Economy, Business and Finance

  12. Apr 11, 2013 |Story| Los Angeles Times
  13. Experts expect summer gasoline prices as low as $3.84 in California

    Experts are saying American drivers, including Californians, can expect some of the lowest summer gasoline prices they have seen in three years.
    Experts are saying American drivers, including Californians, can expect some of the lowest summer gasoline prices they have seen in three years. Some are predicting a steady decline in California gasoline prices to as low as $3.84 a gallon by August....

    Tags: Upstream Oil and Gas Activities, Gasoline Industry, Memorial Day, Economy, Business and Finance, Petroleum Industry

  14. Apr 10, 2013 |Column| Los Angeles Times
  15. McManus: Can Obama sell 'chained CPI'?

    President Obama won't release his proposed budget for 2014 until Wednesday, but liberals and AARP have been howling all week about something they expect to be in it.
    President Obama won't release his proposed budget for 2014 until Wednesday, but liberals and AARP have been howling all week about something they expect to be in it. What has our president done to provoke such outrage among his supporters? He's...

    Tags: Social Security, Medicare, Budgets and Budgeting, Bernard Sanders, Nancy Pelosi

  16. Apr 5, 2013 |Story| Los Angeles Times
  17. Portrait studios suddenly close in Sears, some Wal-Marts

    Portrait studios at Sears and some Wal-Mart stores — the scenes of innumerable family photos — have unexpectedly closed as their operator, CPI Corp., goes out of business.
    Portrait studios at Sears and some Wal-Mart stores — the scenes of innumerable family photos — have unexpectedly closed as their operator, CPI Corp., goes out of business. The portrait provider said in a statement on its website that all...

    Tags: Kmart, Photography Supplies and Services, Groceries, Economy, Business and Finance, Computer Hardware

  18. Apr 6, 2013 |Story| Los Angeles Times
  19. Socialist senator at odds with Obama over veterans benefits

    WASHINGTON — A few hours before midnight during a marathon budget session, Sen. Bernie Sanders of Vermont, the only member of Congress elected as a socialist, called for a vote on his proposal to oppose any cut in cost-of-living adjustments for veterans benefits.
    WASHINGTON — A few hours before midnight during a marathon budget session, Sen. Bernie Sanders of Vermont, the only member of Congress elected as a socialist, called for a vote on his proposal to oppose any cut in cost-of-living adjustments for...

    Tags: Democratic Party, Budgets and Budgeting, Bernard Sanders, Nancy Pelosi, Economy, Business and Finance

  20. Apr 5, 2013 |Story| Los Angeles Times
  21. Obama's budget plan draws fire from both sides

    WASHINGTON — The budget that President Obama is scheduled to release next week drew attacks Friday from both the left and right — a reaction that White House aides appeared to welcome as they sought to portray the plan as a middle-of-the-road attempt at compromise.
    WASHINGTON — The budget that President Obama is scheduled to release next week drew attacks Friday from both the left and right — a reaction that White House aides appeared to welcome as they sought to portray the plan as a middle-of-the-...

    Tags: Social Security, Medicare, Jay Carney, Budgets and Budgeting, U.S. Senate

  22. Apr 2, 2013 |Story| Los Angeles Times
  23. Why 'chained CPI' works for Social Security [Blowback]

    In his March 22 <a href="http://www.latimes.com/business/money/la-fi-mo-chained-cpi-20130322,0,3050353.story">blog post</a> criticizing proposals to switch from the consumer price index to "chained CPI" to determine cost-of-living adjustments for Social Security beneficiaries and other items in the federal budget, Michael Hiltzik claimed that there were "no grounds" for the statement made in a recent paper from the <a href="http://www.momentoftruthproject.org/">Moment of Truth Project</a> ("<a href="http://www.momentoftruthproject.org/news/moment-truth-project-releases-updated-policy-paper-chained-cpi">Measuring Up, The Case for Chained CPI"</a>) that the chained CPI provides a more accurate measure of inflation than the measure currently used.&nbsp;
    In his March 22 blog post criticizing proposals to switch from the consumer price index to "chained CPI" to determine cost-of-living adjustments for Social Security beneficiaries and other items in the federal budget, Michael Hiltzik claimed that there...

    Tags: Social Security, Budgets and Budgeting, George H.W. Bush, Personal Income, Economy, Business and Finance

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