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Social Security cutters distort 'accuracy' of chained CPI, again!
Ed Lorenzen, a representative of a clutch of Washington groups aiming to cut Social Security benefits for you and me, takes issue with my recent blog post calling out one of their "reforms" as a stealthy, and deceitful, benefit cut. Lorenzen even...
Tags: Economic Indicator, Economy, Business and Finance, Consumers, Consumer Confidence, Social Security
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Will new EPA goals raise gasoline prices or clean air, save lives?
Depends on whom you ask. The Environmental Protection Agency on Friday proposed what it called "sensible standards for cars and gasoline that will significantly reduce harmful pollution, prevent thousands of premature deaths and illnesses" while...
Tags: U.S. Environmental Protection Agency, Environmental Politics, Economy, Business and Finance, Gasoline Industry, Environmental Issues
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Unmaking Europe
"We have made Italy, now we must make Italians," goes the old saying. Today we have made the euro, and the crisis of the euro is unmaking Europeans. People who felt enthusiastically European 10 years ago are reverting to angry national stereotypes....
Tags: Cyprus, Economy, Business and Finance, Germany, Angela Merkel, European Parliament
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Relief for California gasoline prices may be riding the rails
California drivers have long suffered from the state's geographical isolation from the nation's major oil pipelines that pump crude to domestic refineries. That forced California to rely on much more expensive imported oil. In 2012, California...
Tags: Gasoline Industry, Manufacturing and Engineering, Valero Energy Corp., Fuel-efficient Vehicles, Automotive Equipment
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The truth about the 'chained CPI' and Social Security
It's a benefit cut. It's not merely a "technical" change. It's not a "more accurate" measure of inflation. The "chained CPI" has become one of the linchpins of the debate in Washington over what to do about the cost of Social Security. The idea is to...
Tags: U.S. Congress, Economic Indicator, Barack Obama, Economy, Business and Finance, Consumer Confidence
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Fed says moderate growth has returned, will stay course on stimulus
WASHINGTON -- Federal Reserve officials Wednesday acknowledged the recent pick-up in economic growth, noting in particular “labor market conditions have shown signs of improvement,” but the central bank made no change in its ongoing aggressive...
Tags: Money and Monetary Policy, Central Bank, Energy, Productivity, Career and Workplace
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Could tiny Cyprus trigger collapse of the Eurozone?
It’s being marketed as a one-time tax -- a civic donation to the nation’s financial stability. But the people of Cyprus know it by another name: expropriation. A government plan to siphon as much as 10% from individual bank deposits to co-...
Tags: Cyprus, European Central Bank, Banking, Foreign Exchange Market, Cypriot Banking Crisis (2013)
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Cyprus lawmakers delay emergency vote on bank-deposit tax
This post has been updated. See the note below for details.ATHENS -- Lawmakers in Cyprus are scheduled to hold an emergency vote Monday on whether savers on the Mediterranean island will pay a levy of up to nearly 10% on bank deposits as part of a controversial international bailout plan that has enraged...Tags: Cyprus, Economy, Business and Finance, Vladimir Putin, Politics, Elections
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Consumer prices jump 0.7% in February, biggest rise since 2009
WASHINGTON -- Fueled by the rising cost of gasoline, consumer prices jumped 0.7% in February for the biggest increase in more than three years, the Labor Department said Friday. The sharp rise in consumer costs last month, which exceeded analyst...
Tags: Economy, Business and Finance, Food Industry, Consumers, Federal Reserve, Petroleum Industry
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California gas prices peak; pump pain changes U.S. driving habits
California gasoline prices may have already peaked for the first half of the year and should head lower soon, analysts said. Meanwhile, nationwide gasoline price averages over the first two months of the year rose at such a blistering rate that...
Tags: Upstream Oil and Gas Activities, Economy, Business and Finance, Commodity Markets, Gasoline Industry, Environmental Issues
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Southern California sees record one-month rise in gasoline prices
Southern California has seen its biggest ever one-month rise in gasoline prices, according to the Automobile Club of Southern California's weekend gas watch. The average price for a gallon of regular gasoline in the varying regions of Southern...
Tags: Economy, Business and Finance, Gasoline Industry, Prius, Petroleum Industry, Passenger Cars
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Inflation remains tame, but so do gains in earnings
WASHINGTON -- Despite worry in some corners about the Federal Reserve's stimulus efforts stoking inflation, there continues to be little indication that consumer prices are heading higher. The consumer price index was flat in January for the second...
Tags: Money and Monetary Policy, Economy, Business and Finance, Consumers, Federal Reserve, Consumer Confidence
Apr 2, 2013
|Story| Los Angeles Times
Mar 29, 2013
|Story| Los Angeles Times
Mar 29, 2013
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Mar 21, 2013
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Mar 22, 2013
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Mar 20, 2013
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Mar 20, 2013
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Mar 18, 2013
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Mar 15, 2013
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Feb 28, 2013
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Feb 21, 2013
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Feb 21, 2013
|Story| Los Angeles Times
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