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Tuesday, June 24, 2008

Tuesday News Roundup

The EPI notes that income inequality in the US continues to widen like the Grand Canyon.
This is just the gap between the top 0.1% and the top 1%. Wow!

Here's an interesting read: Apparently Insane Moments in the Commodities Trade. The author looks at the Saudis' bizarre experiment with growing wheat in the desert. I hope he looks at their dairy farms next.

Paul Krugman and Alan Reynolds agree: Don't blame speculators for high oil prices. When both the left wing and right-wing agree on something, you might hope that Congress listens. But, it's an election year. Sigh.

Do you think you're mad about flattened stock prices? Are you upset about rising gas prices? Well, the Chinese aren't happy either!


Finally, let me close with this great cartoon tribute from the Chicago Tribune to George Carlin ...
Check out my new gold and energy blog at MoneyAndMarkets.com