Fuel price cap drives China to a halt
THE use of old-fashioned price controls to fight inflation is causing road chaos in some parts of China as speculators hoard fuel and refineries send their product overseas.
Fuel hoarding is so 1970s, but then again so are old-fashioned price controls to fight inflation.
Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
2 hours ago
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