June 27, 2011
For the first time in a year, Americans have stopped spending more. Consumer spending failed to budge from April to May, evidence that high gasoline prices and unemployment are squeezing household budgets. When adjusted for inflation, spending dropped 0.1% last month, the Commerce Department reported Monday. April's consumer spending figures were revised to show a similar decline when adjusting for inflation. It marked the first two-month decline in inflation-adjusted spending since April 2009.
CALIFORNIA | LOCAL
April 15, 2013 |
Think you are being ripped off at the gas pump? One California lawmaker wants to give the public a place to contact with complaints of price manipulation or other shenanigans. Sen. Mark Leno (D-San Francisco) has proposed creation of an Office of Fuel Price Investigation and Manipulation Prevention at the California Energy Commission. Leno said the new office would develop anti-fuel price manipulation standards, investigate potential incidents of illegal activity and recommend ways to reduce the volatility of gas prices in California, which last year saw some stations charge $5 per gallon.
October 3, 2012 |
There's a serious upside to high gasoline prices: a significant decrease in teenagers driving while drunk. The number of high school students who say they've gotten behind the wheel while drunk is down 54% from two decades ago, according to a new report from the Centers for Disease Control and Prevention. Last year, about 10.3% of teen drivers said they drove while intoxicated, down from 22.3% in 1991. A primary reason is simply that teenagers spent less time on the road. "Teens are especially sensitive to increases in gasoline prices and declines in economic conditions, which might have decreased their miles driven since 2007," the report said.
October 8, 2012 |
Darn it, I missed out again. You know when the iPhone came out? Well, I didn't buy one. Same with the iPod and the iPad. I also didn't buy a Mini Cooper when they were such hot sellers. And now I've missed the big gasoline price run-up in California. My habit of missing out, or being late to the party, goes way back, unfortunately. When disco was all the rage, I liked oldies rock. I stuck with film cameras way too long. I don't have a smartphone. I still have a land line.
February 13, 2012 |
On a day packed with fundraising events to refuel his campaign, Newt Gingrich insisted Monday that he would not drop out of the GOP presidential contest even though polls show he is not now winning the argument against Rick Santorum that he is the best conservative alternative to Mitt Romney. The former House speaker also appealed specifically to California conservatives, promising to make the state competitive in the fall, calling for the preservation of memorial crosses that came under fire for being on public land, knocking the teachers union in Los Angeles for defending incompetent teachers, saying he would rein in federal environmental officials, and pledging to take on the U.S. 9th Circuit Court of Appeals, which just ruled against the state's same-sex marriage initiative.