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alicia mccabe

frankfurt, frankfurt, Germany

Business Blogging

Member since February 04, 2013

  • Cooper_177_ Cooper Chung International Consumers have been spending more on gasoline than they have in nearly three decades. With pump prices at their highest level on record for this time of year, the stage is set for an even greater climb in gasoline prices and expenditures than in 2012. Retail gasoline prices have surged 17 cents in a week to top $3.50 a gallon on average, posting the highest prices on record for the beginning of February. (Read More: Gasoline at Highest Price Ever for This Time of Year.) According to AAA, the national average price of regular gasoline is $3.52 a gallon, 4 cents higher than the average price a year ago. The average price was $3.35 a gallon a week ago and $3.30 a gallon a month ago.   Meanwhile, the U.S. Energy Information Administration reported Monday that gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4 percent of income before taxes. This was the highest estimated percentage of household income spent on gasoline in nearly three decades, with the exception of 2008, when the average household spent a similar amount. Gasoline prices averaged $3.63 a gallon in 2012, according to EIA. Although overall gasoline consumption has decreased in recent years, a rise in average gasoline prices has led to higher overall household gasoline expenditures, according to the EIA. (Read More: Energy Boom: Jim Cramer IDs Stock to Watch.) The spring rally in gasoline prices typically starts in ...

  • Cooper Chung International It is indeed time to fix the New Zealand economy and there is one very simple solution: Nationalise our dollar. In order for our economy to recover fully we have to lower debt levels, both public and private. To achieve this, the New Zealand government must take control of printing New Zealand dollars and our money supply. The New Zealand treasury should print new nationalised dollars as legal tender. The Reserve Bank of New Zealand is a privately controlled bank, much like The Federal Reserve Bank of the USA. Our government does not control the printing of dollars and has no say in money supply. If the New Zealand Treasury started to print a new legal tender while phasing out Reserve Bank notes we could pay off our debt with one swift stroke of the printing press. All that would be required is to get an exact figure on our overseas debt, then print a one off note for that exact amount and make payment. As long as private foreign bankers control the reserve banks of almost every nation, economies and politicians will be subject to their control and their demands. New Zealand is no different. The big private bankers of the world are predominantly responsible for this economic mess and I'm surprised nations still bow to their demands. It was the public that bailed them out and now they're back to making large profits while the rest of us are sti...