Jacob Valdez

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What Low Oil Prices Really Mean

Since the start of 2016, oil prices have swung between $27 and $42 per barrel, about a quarter of the 2008 peak crude oil price of $145. On February 16, oil ministers from Saudi Arabia, Russia, Qatar, and Venezuela agreed to a tentative deal to freeze their production in an attempt to boost prices. …

Oil

Don’t Dismiss Donald Trump’s Trade Gripes As Mere Nonsense

“You know what we sell to the Japanese? Practically <i>nothing</i>!”<p>It should come as no surprise that the propounder of that assertion was Donald Trump, …

Economics
Autos

Paul Krugman: Nothing less than “the fate of the planet” is at stake in this election

We’re on the edge of solving our climate crisis, but a GOP win would snatch defeat from the jaws of victory<p>Super Tuesday will likely cement what many political observers suspect will be the general election match-up this fall between Hillary Clinton and Donald Trump, and with his Monday New York …

Numb

Oil crisis hitting Russians hard

The global oil crisis isn't just taking a toll on Russia's economy. It's also hitting ordinary citizens.<p>Leonid Emshanov, a mechanic at the Avtovaz auto plant in Tolyatti, doesn't want to show me his home. It's too crowded he says.<p>Leonid and his wife Natalia live with her parents and his brother. …

Russia

Someone Hurled a Dildo at This Politician's Face to Protest His Economic Policy

On live TV. In New Zealand.<p>Now this is how democracy is supposed to work: Your economic minister supports a free trade agreement. You disagree. You throw a dildo at him while he's giving a press conference.<p>OK, maybe not. But you've got to give this New Zealander props for creativity—and execution. …

Free Trade

Is The Multiverse A Scientific Theory?

Anyone can come up with a theory, which in common parlance, simply means “an idea for how something works.” But in order to be a <i>scientific</i> theory, you have to do a lot more. In particular, any new scientific theory has to look at the current framework of science, including the current leading/best …

Dark Matter
Stock Markets

Donald Trump would DESTROY world economy if he became President, experts warn

GETTYEconomists have warned a Trump administration would be chaos<p>His business acumen has made him a billionaire but many economic experts have said …

The Stock Market Is Not The Economy

<i>This is</i> <i>In Real Terms</i><i>, a new column analyzing the week in economic news. We’re still experimenting with the format, so tell us what you think.</i> <i>Email me</i></i> …

Your Favorite Childhood Video Games Are Now Transit Maps

<i>Metroid</i>, <i>Final Fantasy,</i> and <i>Zelda,</i> all mapped out like your neighborhood metro.<p>If you wish you’d never let your parents give away your old Nintendo NES, fret not.<p>A series of maps just completed by D.C.-based graphic designer Matthew Stevenson can help ease (or maybe intensify?) your nostalgia. …

North Korea says it successfully conducts hydrogen bomb test

<b>(CNN) —</b> The U.N. Security Council is set to implement "significant" punitive measures after North Korea's nuclear test and will begin working on a new resolution "immediately," a statement released by Security Council President Elbio Rosselli says.<p>After Wednesday's meeting, the council, which …

North Korea
North Korea