US and World Markets fall and Congress looks for blame.

Today’s markets plummted around the world reacting to the bailout bill, worries about the broader credit markets, and the lack of reaction by most Western governments to what is undoubtedly a broadening financial crunch around the world. Panic swept through the world’s financial markets, wiping $2.5 trillion from share values, amid concern that regulators and politicians were struggling to get a grip on the worsening crisis of confidence.

PETA: Ben and Jerry’s new flavor - Wacky Taffy Titty?

(Washington, D.C. : Right Commentary): I am never ceased to be amazed by some of the lefty organizations and what they come up with in terms of “solutions” to problems that don’t exist. The group PETA, People for the Ethical Treatment of Animals, sent a letter to Ben Cohen and Jerry Greenfield, cofounders of Ben [...]

Consumer gloom suggests Obama victory: survey

NEW YORK (Reuters) - Democratic presidential candidate, Sen. Barack Obama, should benefit from consumers’ dissatisfaction with the weak national economy, according to Reuters/University of Michigan Surveys of Consumers.

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Has the “oil bubble” finally burst?

Back on June 23, I wrote a piece entitled “Why is Crude Oil (and gasoline) so expensive?” Since then, I’ve received quite a few emalis and comments to that piece - many of which essentially chastising me for not adopting the “drill here, drill now” framework as being the main lynchpin to solving US oil [...]

Why is crude oil (and gasoline) so expensive?

I have been getting emails from readers essentially asking me to do a post on oil - why is it so expensive, and what, if anything should be the GOP’s party platform on energy. While energy economics is not my specialty - I do understand commodities markets, and I believe I probably understand better than [...]