July 31, 2008
'The futures market is a zero-sum game. For anyone who wants to buy oil, someone has to sell it. If the price goes up, the buyer makes a profit and the seller loses, and vice versa. For every winner there is a loser. This serves to stabilize the market but does not change supply and demand.' -- Gary Robb, Los Feliz, on a July 23 story about a finding by a federal interagency task force that supply and demand, not oil speculation, explain the record rise in oil prices
February 14, 2004 |
Tuition at some of New York's top private kindergartens will exceed $26,000 for the first time in September, almost as much as the cost of attending Yale or Princeton universities and twice that of the state universities. "It's supply and demand," said Nina Bauer, a counselor at Ivy Wise Kids, a service that for $5,000 coaches parents on how to prepare 4- and 5-year-olds for tests and interviews. "Wall Street got big bonuses this year. Everyone is just dying to get in."
CALIFORNIA | LOCAL
October 11, 1996
At the same time that there is a hue and cry that the rise in minimum wage to $4.75 per hour will cost jobs, the sign at a McDonald's in Hilliard, Ohio, reads "Now hiring, all shifts, $7.00 per hour." Supply and demand does the best job of regulating wages. In California there is too much supply. SHIRLEY E. ROTH Fountain Valley
CALIFORNIA | LOCAL
November 29, 1999
We are spending hundreds of millions of dollars trying to curb the flow of illegal drugs into this country. Much of this money is being spent in the countries where the drugs originate. The flow of drugs follows the law of supply and demand. If there were no demand, there would be no supply. How about turning our attention to the millions of people in this country who are users of recreational drugs? Not that the drug enforcement people are neglecting this approach entirely. They are busy cracking down on those who use marijuana as medicine.
September 2, 1990
Once again, as in the 1970s, the Middle East crisis has increased the appetite of the oil companies to make great profits. Their marketing double talk hasn't convinced most Southern Californians or the nation. I don't think we'll receive any legislation to curb the high increases in gasoline prices. I propose that everyone personally pledge a reduction of five gallons a week, i.e., walk to the local stores, food establishments, etc. I believe the old adage is "supply and demand."
October 14, 1990
Kudos to Phil Collins and his management team for their efforts to fairly distribute concert tickets (the Pop Eye column, Sept 30. and Oct. 7). Why isn't the music industry --which is so concerned about losing money from bootleg recordings and merchandise, digital audio and recordable CDs--doing something to stop ticket-scalping parasites from making fortunes off the backs of musicians? Yeah, I know . . . supply and demand. But I think it stinks! CHRIS CRINER Tustin