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  • Consumer prices unexpectedly dip in October on lower gasoline costs

    Consumer prices unexpectedly dip in October on lower gasoline costs
    WASHINGTON -- Consumer prices unexpectedly dipped last month, the first decline since the spring, driven by lower gasoline costs, the Commerce Department said Wednesday. The Consumer Price Index fell a seasonally adjusted 0.1% in October from the...
  • Sen. Elizabeth Warren: Expand Social Security!

    We've been making the case for years that the proper approach to Social Security is to expand it -- increase benefits and bring more people into its embrace, including college-age survivors of deceased workers. Sen. Elizabeth Warren (D-Mass.) has now made...
  • Fruit and vegetable prices going up as California drought continues

    Fruit and vegetable prices going up as California drought continues
    Fresh fruits and vegetable prices will go up an estimated 6%  in the coming months, the federal government said Wednesday, as California’s ongoing drought continues to hit price tags in grocery stores across the country.   "You’re probably...
  • Gas prices ease ahead of holiday weekend

    Gas prices ease ahead of holiday weekend
    A week before the July 4 holiday, a gallon of regular gasoline in the Chicago area costs an average of $4.02, according to AAA Chicago -- about a nickel less than a week ago. In the past two weeks, gasoline prices have declined, said Patrick DeHaan, a...
  • Pumping up gas prices [Editorial]

    Pumping up gas prices  [Editorial]
    The Fourth of July weekend is traditionally one of the busiest travel times of the year, and it's a safe bet that a lot of Marylanders will hit the roads to Ocean City and beyond. As often happens when mid-summer vacations beckon, gas prices are up and...
  • Crises in Iraq and elsewhere send oil prices soaring

    Crises in Iraq and elsewhere send oil prices soaring
    Crude oil prices were headed to their biggest weekly gain of the year on Friday amid fear that the escalating crisis in Iraq could constrain supplies around the world. Investors were spooked after President Obama said he is considering military action...
  • Consumer price index jumps 0.4% in May as inflation heats up

    Consumer price index jumps 0.4% in May as inflation heats up
    Americans paid more for just about everything last month, pushing inflation to its highest annual rate in more than 11/2 years and creating another potential obstacle for the economic recovery. The 0.4% jump in the consumer price index for May, released...
  • Deflation-wary European Central Bank cuts deposit rate to below zero

    In a bid to spur growth and avert the dangerous threat of deflation in the sluggish Eurozone economy, the European Central Bank cut its benchmark interest rate to a record low and took the unprecedented step of lowering the bank deposit rate below zero....
  • Gasoline Prices Creep Up Ahead of Holiday

     
    After a steady decline that started Sept. 1, gasoline prices have marched upward during the last two weeks ??? just in time for when millions of Americans hit the road for Thanksgiving week and the traditional start of the holiday......
  • Small drop in gasoline prices dents used hybrid, electric car values

    Small drop in gasoline prices dents used hybrid, electric car values
    Gasoline prices are only slightly below levels set in 2011 and 2012, according to Energy Department statistics. But even a relatively small decline is enough to dent the used car auction prices of hybrid vehicles and the retained value of electric...
  • The Obama budget and the appearance of reform

    The Obama budget and the appearance of reform
    — Well, at least we're starting to get the procedure right. Washington has rediscovered the beauty of the boring. It's called "regular order," using the normal, routine, constitutional process to arrive at, for example, a budget. Normal had...