Wholesale prices soar in June; sales are sluggish

[LogansPapa]

AP / Tuesday July 15, 10:32 am ET
By Martin Crutsinger, AP Economics Writer

Soaring energy, food push inflation up at fastest in 27 years;weak autos pressure retail sales

WASHINGTON (AP) -- The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel.

The Labor Department reported that soaring costs for gasoline and food pushed inflation at the wholesale level up by a bigger-than-expected 1.8 percent in June, leaving inflation rising over the past year at the fastest pace in more than a quarter-century.

Over the past 12 months, wholesale prices are up 9.2 percent, the largest year-over-year surge since June 1981, another period when soaring energy costs were giving the country inflation pains.

http://biz.yahoo.com/ap/080715/economy.html?.v=11

[Zeus]

Depression Is In Our Minds, Not Economy

The paradoxical thing about today's economy is its strength. No kidding. Consider all the hand grenades lobbed at it. Higher oil prices. The housing implosion. Large layoffs in affected industries: autos, airlines, construction, mortgage banking. The "credit squeeze" triggered by losses on "subprime" mortgages. Despite all that, the economy hasn't collapsed. It's merely weakened. Output in the first quarter of 2008 actually was 2.5% higher than a year earlier.

[lacarnut]

Depression Is In Our Minds, Not Economy

With the weak dollar, foreign auto makers like BMW will be increasing their production of autos built in the US. BMW will be laying off workers in Germany. People are driving less and fewer people are dying on the highways. Got to look at the bright side. Things are nowhere near as bad as during the early 80's. Food prices were soaring, interest rates soaring, mortgage rates at 18%, the oil embargo, hostage crisis, high unemployment, etc, etc. Today, there are plenty of jobs; interest rates are low, the economy is chugging along in positive territory and our unemployment rate (5,5%) is to die for compared to EU countries like Germany.

[LogansPapa]

Yep - things are really good………………..for some.


Lining Up For Free Dental Care

LOVELAND, Colo., July 23, 2008(CBS) Going to the dentist can be a painful experience. But for many, the real pain comes when trying to pay for it. More than 100 million Americans don't have dental insurance. That's more than one-third of Americans. What can they do? CBS News correspondent Seth Doane found one answer, as part of his continuing series on The Other America.

http://www.cbsnews.com/stories/2008/...e4288413.shtml

[Odysseus]

Yep - things are really good………………..for some.
Lining Up For Free Dental Care
LOVELAND, Colo., July 23, 2008(CBS) Going to the dentist can be a painful experience. But for many, the real pain comes when trying to pay for it. More than 100 million Americans don't have dental insurance. That's more than one-third of Americans. What can they do? CBS News correspondent Seth Doane found one answer, as part of his continuing series on The Other America.
http://www.cbsnews.com/stories/2008/...e4288413.shtml

And because some are hurting, everyone is? Got it. The glass isn't two-thirds full, it's one-third empty, and the solution du jour, socialized medicine, will simply break the glass.

[LogansPapa]

And because some are hurting, everyone is? Got it. The glass isn't two-thirds full, it's one-third empty, and the solution du jour, socialized medicine, will simply break the glass.

Never said a word about ‘socialised medicine’. Nice try though. And quite good reflexes on the knee of yours, especially when it gets examined by the base doctor, Major. My point in posting this, for the clueless, is that at least one-third of Americans are busting their ass and not able to take care of their teeth. That’s all. Make of that what you will.

[lacarnut]

Never said a word about ‘socialised medicine’. Nice try though. And quite good reflexes on the knee of yours, especially when it gets examined by the base doctor, Major. My point in posting this, for the clueless, is that at least one-third of Americans are busting their ass and not able to take care of their teeth. That’s all. Make of that what you will.

Things are getting so bad out there in the kool-aid state that the transsexuals are having to waits weeks or sometimes months to get their sex change.:eek:

I would bet that the majority of those 1/3 that do not take care of their teeth are not busting their butts. Many are too lazy too work and looking for a free hand out or don't care if their teeth rot out. BTW, there are dentists in private practice that will give free dental care. In fact, my moms cleaning lady got free dental care; she also talked about going to the casinos. She don't have money to pay a dentist but she has money to piss away at a casino. I would also wager that 90% of those that state they can afford dental care have a cell phone and cable TV. Nothing like doing without to pay your own way instead of looking for the easy way out. For those that are working, it's called budgeting.

[LogansPapa]

Nothing like doing without to pay your own way instead of looking for the easy way out. For those that are working, it's called budgeting.

Yeah - great antidotal stories, but if you actually read the article and/or saw the story on CBS, then you’d know about the lady they interviewed saying getting her teeth fixed (at $1000 cost) and that reality couldn’t take precedence over having roof over her family’s head. I think she already knew about the budget theory, but somehow failed to mention it. Stupid, lazy bitch.

[lacarnut]

Yeah - great antidotal stories, but if you actually read the article and/or saw the story on CBS, then you’d know about the lady they interviewed saying getting her teeth fixed (at $1000 cost) and that reality couldn’t take precedence over having roof over her family’s head. I think she already knew about the budget theory, but somehow failed to mention it. Stupid, lazy bitch.

True story buster.

She is not a stupid lazy bitch but the Dentist & CBS concocted a story that (6) cavities are going to cost $1,000. That is a crock of shit. She does not have to get them filled all at one time either. Dentist I have gone to will let you pay it out in 6 months. You are either gullible or stupid to believe that crap that CBS is selling. Figure it out if you can.

[LogansPapa]

Thanks for straightening me out - just another ploy for sagging ratings. Got it.