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|Wednesday, October 01, 2008|
The past few months have been marked by surging gas and food prices, plummeting auto sales, a continued housing implosion and Russia acting like the old days. With apologies to Barbra Streisand, I can’t help thinking that this period might signal the end of the way we were.
The surge in gasoline prices leaped to the top of voters concerns, displacing matters of war, other economic issues and where Brett Favre would play. The factors cited in that price run-up cover the gamut from spiking consumption in nations such as China and India, where people with rising incomes are emulating some of the things we do; increasing demand in the Middle East; declining output in Russia; Nigerian unrest; and speculators (always popular when prices go up). Whatever the supply and demand factors involved, crude prices approached $150 per barrel.
Economic theory tells us that when relative prices change, it sends signals for people to alter their behavior. Hundreds of millions Americans got a new set of signals this past summer. Ridership on TriMet and other transit systems across the nation surged. Bicycle sales boomed along with sales of scooters. Amtrak ridership grew, while airlines hemorrhaged and dropped service to some small Oregon towns and began charging for peanuts. Miles driven began to drop, with the sharpest declines taking place in rural areas. Asset prices changed with large SUVs plummeting in value, while year-old hybrids sold for more than new ones, which were not available. Our real income decreased.
Friday, February 27, 2015
PHOTOS BY JASON E. KAPLAN
Images from the 2015 celebration of Oregon's great workplaces.
Monday, March 02, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Portland-based healthcare provider ZoomCare said it plans to “remake American healthcare” by expanding its on-demand urgent care model to emergency, surgery, dental and primary care, among others.
Friday, March 13, 2015
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Ten startups have secured venture capital, angel or seed funding in 2015.
Tuesday, January 27, 2015
BY LINDA BAKER
Researchers in a multitude of disciplines are searching for ways to soak up excess carbon dioxide, the compound that contributes to global warming.
Monday, February 23, 2015
Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR
Multilevel marketing, health claims and zyto scanner biofeedback machines: How dōTERRA thrives in Oregon.
Thursday, March 19, 2015
BY APRIL STREETER
How the private sector can ride the next transit revolution.
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