aGas tax revenues have increased very slowly, about 1% per year, for the past 25 years. Fleet efficiency nearly cancelled out the large growth in vehicles and miles of travel. The gas tax rate has not kept up with inflation either; the equivalent purchasing power of the 7-cents-per-gallon...
Posting on my blog has been on my list for months now, but each day I find myself having to take care of other more pressing Haiti matters and push the blog over to the next day…and the next. So tonight, I sat down with my laptop next to Tony while he works on charts and I’...
As an island nation with relatively few foreign residents, Japan’s population has been shrinking and aging for years, while Germany’s has grown to nearly 85 million, as immigration helped to make up for a low birth rate. The latest data reflect the realities of a weakening Japan and wil...
The Fed was concerned that unlimited roll-off would spook the markets during months when a big pile of bonds would mature. But that doesn’t seem to be a problem in Canada; markets can deal with it just fine. And it allows those GoC bonds to roll ...
But the analysts also cited a rise in inflation in China's first-tier cities, like Beijing and Shanghai, where many incomes may not have kept pace with the cost of living. Significant growth in Double Eleven revenues is taking place in other cities, they say. ...
The move will allow JPMorgan’s bankers to earn a bonus that’s as much as 10 times their base salary, according to a person familiar with the matter. That’s up from a current limit that restricts certain employees’ bonuses to two times their fixed pay and comes after the UK ...
BOSTON (AP) — Four years after the COVID-19 pandemic closed schools and upended child care, the CDC says parents can start treating the virus like other respiratory illnesses.
If I understand your post, you’re not really arguing with my claim that the current time is the era of highest life human expectancy. You’ve created a straw man argument over why life expectancy has increased (which I didn’t address). ...
In my lifetime, tipping has increased from 10% to 15% to 20%, and now some waiters expect 25%. Over the same period, the average cost of the meal has doubled or tripled. Why should the waiter expect an increase in tip percentage every few years, even though through inflation, the ...
I love cash as anasset class. When peopletrash cash, warning me aboutinflationor telling me I should put more money into government bonds instead – or worst of allborrow to invest– my eyes genuinely glaze over. Over the long-term thereturns from gilts and casharen’t so different, espec...