May 24, 2011 |
Gasoline prices dropped nearly 10 cents in the state in the last week — the biggest one-week drop in California since December 2008, according to the U.S. Energy Department. The fall in prices should accelerate in spite of the fact that the Memorial Day weekend is usually one of the biggest periods of the year for fuel demand, analysts said. The average cost of a gallon of self-serve regular gasoline in California fell 9.7 cents to $4.121 since last week, according to the Energy Department's weekly telephone survey of service stations.
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."
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
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
June 8, 2008
The story addressing the potential role of investors in the oil price surge is merely the latest round in an ongoing witch-hunt for the oil bad guy. Today, it's investors. ("Regulators are probing oil market," May 30.) But the culprit is us. Investors may exacerbate the price increase. But their contribution is no match for the powers of global supply and demand. It's simple: Demand continues to increase, while production capacity remains limited. Prices rise. To lower prices, we must reduce consumption.
February 23, 2014
Re "Better than a minimum wage," Opinion, Feb. 21 USC economist Larry Harris says that instead of raising the minimum wage, low wages should be beefed up by government wage vouchers. Harris mentions that payroll taxes would increase with more employment, but since this would be facilitated by government money, it would be the dog chasing its own tail. Arguing that wage subsidies would be better than boosting the minimum wage, Harris says that business owners follow the market principle of supply and demand.