The Chinese government today announced a significant step toward tempering global demand for oil. It’s raising the price of gasoline and diesel fuel. Reports the WSJ: The new hikes, which take effect Friday, are the biggest in four years, and will push the base prices up by 17% for gasoline and by 18% for diesel, [...]
I was getting ready to go on CNN earlier today to talk about a story that’ll be in tomorrow’s dead-tree version of Time when I saw the breaking news about the DOJ and FBI busting 406 people, 60 of whom were arrested yesterday, for mortgage fraud. The denouement of the three-and-a-half-month-long “national takedown” dubbed Operation [...]
