Higher gasoline prices: temporary or time to buy a hybrid?
Drivers may wonder whether the most recent spike in gasoline prices is temporary or will be longer lasting. Will prices eventually decline?maybe even to below $3 per gallon? Or is it time for drivers to alter their driving habits, maybe by buying a hybrid car? Be sure to read the September 2012 issue of Page One Economics Newsletter ??Higher Gasoline Prices: Temporary or Time to Buy a Hybrid???for a discussion of factors that might influence that decision.
Your Social Security Number: The 9-Digit Evolution
Your unique 9-digit Social Security number follows you throughout your lifetime. How did this number’s importance evolve? Discover answers in the January 2020 issue of Page One Economics: Focus on Finance, which traces Social Security number usage from its beginning in 1935 to current times.
Measuring Financial and Economic Risk with FRED
FRED (Federal Reserve Economic Data) provides access to a wide range of time-series data. Several of those series signal stress levels in financial markets and the probability of economic recession. This article describes indexes of financial and economic recession risk to new data users and can serve as a reference to advanced data users.
Stock Market Strategies: Are You an Active or Passive Investor?
Stock market mutual funds offer investors diversified stock market portfolios, but there are several types. Actively managed funds attempt to ?beat? the market by using research, forecasts, and judgment to pick stocks with the best growth prospects. Passively managed funds attempt to replicate the market by buying a representative sample of the stocks on a specific stock market index. Which to choose? This issue of Page One Economics explains the efficient market hypothesis and how it might influence your investment decisions.
On the Move: Renting Basics
Getting your own place is a major step toward independence and adulthood. It is often considered a rite of passage, and living successfully on your own helps build confidence. You can get started on a successful path through careful preparation and effective planning. Creating a realistic budget is important. Once you've started your search for a new place to live, weighing your options with important criteria will help you find the best choice. And when you sign a lease, make sure you clearly understand the terms so there aren't any financial surprises. Finally, if you maintain a good credit ...
The Economics of Flying: How Competitive Are the Friendly Skies?
Years ago, airline passengers enjoyed more legroom and in-flight extras?for a price. Find out in the November 2018 issue of Page One Economics how deregulation increased competition, lowered prices, and created crowded flights.
Consumer Spending and the COVID-19 Pandemic
The onset of the COVID-19 pandemic changed consumer spending habits. The January 2021 issue of Page One Economics reviews how people substituted meals purchased at restaurants with meals cooked at home. Also, people traveled less and the demand for hotel services decreased. As a result, both employment and prices declined in the leisure and hospitality industry.
Treasury Offset Program to the Rescue
The federal government and some state governments run budget deficits. Persistent budget deficits can become burdensome debt. The Treasury Offset Program provides revenue for the federal government and state governments that can augment their budgets. In addition, the program helps taxpayers by forcing individuals and corporations with delinquent taxes to pay their fair share, and it helps custodial parents and guardians receive support to help raise the children in their charge.
As Adam Smith said, everyone lives by exchanging. They exchange?buy and sell?to make themselves better off. Does the same principle apply to international trade? Do nations benefit from importing and exporting? The November Page One Economics explains the basics of international trade and its importance to the economy.
Why Are Some Countries Rich and Others Poor?
Economic growth of less-developed economies is key to closing the gap between rich and poor countries. Increasing access to international trade can provide markets for the goods produced by less-developed countries and also increase productivity by increasing the access to capital resources.