My mother didn’t go to work today. She’s one of hundreds of thousands of local authority workers up and down the country who have stayed away today. The funny thing is, she’s not even in the union. But when a strike happens, everyone stays out.
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“It’s always darkest just before it goes pitch-black.” That’s the kind of humor you’ll find on Despair.com, a purveyor of antimotivational posters.Right now, despair is what they’re feeling on Sand Hill Road, the iconic road in Menlo Park, California, where the world’s top venture capital firms are clustered.
Gas stations in Britain have began to run out of fuel as a four-day fuel strike by Shell tanker drivers sparked a wave of panic buying. Six hundred drivers working for two companies that distribute fuel to Shell filling stations around Britain are on strike over low pay.
“Is Britain going back to the 1970s?” asks Ben Traynor in Fleet Street Daily.
I was 14 when I first learned about the 1970s oil price shocks, and how they had caused stagflation (unemployment and inflation rising at the same time) in Britain.
Inflation in India reached a four-year high of 8.24% for the week ending May 24, with major banks forecasting further rises ahead as the government hiked the price of discounted fuel.
“Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high,” says Jason Simpkins in Money Morning.
Last week I promised that I’d go over some promising sectors in the green market. But the past two articles on the topic generated some important feedback that I’d like to go over with you today.
We haven’t given you much of a view of how the economy here looks in Colorado. Sorry. We’ve been too busy eating massive portions of food while fending off rubber-band toting nieces and nephews. But since we’re on our way back to Melbourne tomorrow, how about a few parting observations from Colorado?
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Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high.
I have to admit when Byron King made his “silent spring” prediction last month — a severe curtailment in air travel as early as next spring because of fuel prices, including an estimate that 70% of U.S. airports are at risk of losing commercial passenger service — I was a bit skeptical.
