Rhobe Mitch Ailarie Parel

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Theyoungeconomists.org

Pump Prices Prime Economy for Growth

Sharply Lower Gas Costs Promise to Give Boost to Consumer Spending<p>American workers have been waiting years for a big raise. That bump is finally coming—at the gas pump.<p>If prices were stay at their current levels under $3 a gallon, the American consumer could save an average of $380 during the …

IHS

Russia’s Central Bank Raises Key Rate to 17%

Bank of Russia Cites Devaluation and Inflation Risks in Boosting Rate 650 Basis Points<p>MOSCOW—Russia’s central bank, in a bid to stem a sharp decline of the ruble, raised its key interest rate Tuesday to 17% from 10.5%.<p>In a statement published after midnight Moscow time, the Bank of Russia said it …

Central Banks

Oil Firms’ Predicament: Who Should Cut Output?

Companies Act Against Collective Interest by Waiting for Rivals to Turn Off Tap First<p>If the global glut of oil that has sent crude prices plunging has come largely from the U.S., why aren’t American energy companies turning off the tap?<p>The answer can largely be explained by simple game theory. In …

The Unintended Consequences of Cheap Oil

Oil prices bounce around, but energy policy is forever

Play

Teaching students good learning strategies would ensure that they know how to acquire new knowledge, which leads to improved learning outcomes, …

Derek: Ricky Gervais waves goodbye to irony

<b>Comic Ricky Gervais is feeling pretty happy with his lot. As his surprisingly heart-warming mockumentary Derek returns to Channel 4 for a second series, Gervais explains his upbeat mood.</b><p>"The second series is always my favourite as a writer/director, you can hit the ground running... so that's fun," …