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Continuing Upward Pressure On Retail Gasoline Prices Expected ScienceDaily (May 22, 2008) — With the price of a barrel of oil hovering around $120, U.S. drivers can expect to pay more at the pump in the near future, according to a new study by Rice University's Baker Institute for Public Policy. "There is room for retail gasoline prices to move up," said Kenneth Medlock III, a Baker Institute fellow in energy studies and one of the study's authors. While Medlock cautioned that seasonal variability and other factors could affect prices in the near term, he said gasoline could easily reach...

Eugene Robinson at the Washington Post thinks we have a "bauble economy" -- its all just a "giant Ponzi scheme." The facts just keep contradicting him. Today, the Bureau of Labor Statistics reported that "employment grew by 215,000 in November." On Wednesday, the Bureau of Economic Analysis revised our national GDP for the 3rd quarter upwards to 4.3% from an initial estimate of 3.8% On the astonishing job creation, from CNNMoney.com: "This is another affirmation that we've gotten over the shock of the hurricanes and the economy is back on track to where it was before," said Mark Vitner, senior...

The war that nobody talks about - the overwhelmingly one-sided class war - is being waged all across America. Guess who's winning. A recent front-page article in The Los Angeles Times showed that teenagers are faring poorly in a tight job market because of the fierce competition they're getting from older workers and immigrants for entry-level positions. On the same day, in the business section, the paper reported that the chief executives at California's largest 100 companies took home a collective $1.1 billion in 2004, an increase of nearly 20 percent over the previous year. The paper contrasted that with...

I don’t believe in coincidences in politics. When I see the Wall Street Journal and New York Times both running big front-page stories within two days of each other on a subject that isn’t remotely time sensitive, I know that something is going on. More than likely, it signals the beginning of an organized campaign by the liberal media to gin up an issue for the Democrats. When a team is on a losing streak, the best thing the coach can do is line up a game with a cream-puff opponent. Even if the victory doesn’t mean much substantively, it...

Thank goodness Confederate History Month is over! Maybe Civil Rights organizations, black politicians and journalists will stop whining for awhile. They must pay the Sons of Confederate Veterans on the side. Fat, middle-aged suburbanites waving Confederate flags create excuses for hysterical screaming. Ironically, the volume and shrillness of attacking Confederate heritage is inversely proportional to the actual racism and threat to personal safety. But, it’s profitable if you’re a race pimp. When your skin color is your day job, you need something to cry ‘wolf’ about. The professionally-black Blacks, whose jobs are based on ‘African-American’ in their titles, are working...

Ton milage is up 9.2 percent this year over last years total. This is the BELLWEATHER yardstick as how the economy is progressing. Looks like Bushenomics are starting to respond. Full article is at www.aar.org/