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January 29, 2010

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There was time when I took an active interest in the oil price. I made the classical economic assumption that the price was predominantly set by the ironclad laws of Supply & Demand. Not anymore. I can go for weeks now without knowing what the price is. But my curiosity was renewed yesterday when I noticed that a barrel of oil

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Two, the mixed signals it gives policymakers. I worry that the White House will think that it needs to do "more" of what it's been doing, and will dismiss any negative comments about its economic policies as a knee-jerk reaction to the unemployment figure when I, in fact, would be saying the same things if the unemployment figures had improved. It would be a harder sell, true, but that doesn't change the facts.

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The iPad's effect on media firms extends well beyond its screen

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