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May 21, 2008
Vol. 4 No. 20
Top Story
Pressure Builds on Oil Companies - from Lawmakers, Media and Candidates
Oil executives told the Senate about the same old supply and demand again on May 21. Democratic presidential candidates are pushing for a “windfall profits” tax. And journalists are covering it without explaining the oil market and companies’ existing taxes.

Econ 101: Old MacDonald Had a Subsidy
As Dr. Gary Wolfram explains, the veto-proof farm bill shows the power of politics to take and redistribute our money.

The Good the Bad & the Ugly
G: Wall Street Journal finds new optimism on the economy
B: CBS blames gas prices for swimming pool crisis in Louisville
U: Lauer presses Exxon CEO to ‘justify’ doing business
 

Episode 119: “Media Cheer a New Cuba”


Check out the Biz Flog archive here!
 
You can also check out BMI’s editorial cartoon: Bottom Lines by Glenn Foden.
Research and Commentary Links
Gasoline Is Cheap
Slate.com

UN: World economy to grow by 1.8 percent in 2008
The
Associated Press

Ethanol Vehicles for Post Office Burn More Gas, Get Fewer Miles
Bloomberg

Inflation Easing, Despite Food Costs
The Associated Press

Recession? Not So Fast, Say Some
The Wall Street Journal

 

Upcoming Events

Makers and Takers: Why Conservatives Work Harder, Feel Happier, Have Closer Families, Take Fewer Drugs, Give More Generously, Value Honesty More, Are Less Materialistic and Envious, Whine Less...and Even Hug Their Children More Than Liberals
The Heritage Foundation
Washington, D.C., May 27, 2008

Upstream: The Ascendance of American Conservatism – with Al Regnery
Pacific Research Institute
San Francisco, Calif., June 2, 2008

Will Polar Bear Protection Mean Ever-Higher Energy Costs?
American Enterprise Institute
Washington, D.C., June 9, 2008

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