The Economy

November 11, 2008

OPEC is talking about decreasing oil production to counteract the slowdown in oil purchases. One consumer advocate was quoted as saying, “It’s not fair to arbitrarily lower output because the demand is low. That will push prices higher again!” I wondered what he thought OPEC did. Isn’t the whole point of a cartel to keep prices up?

January 13, 2010

China is at it again: This time they’re using cadmium, a poisonous metal, in children’s jewelry. They freely admit that it’s the bottom line that drives them. Just as it’s the bottom line that keeps American companies using their factories instead of building them here. I guess eventually we, the consumers, are going to have to choose: Do we want to spend more money on products or on health care issues related to buying cheap products? Stay tuned…