Demand, Supply Decoupled by AP

I’m just a caveman, your modern science of economics confuses me. Which is why I don’t understand the new law of supply and demand I infer from this AP article: Oil up to near $76 in Europe amid economic worries:

Oil prices edged up for the first time in five days Tuesday as rallying stock markets in Europe and a weaker dollar masked concerns of a slowing global economic recovery that could dent demand for fuel.

So demand is going down, and the price goes up, huh? That’s so weird.

However, those of us with a lick of economic sense (I got mine from my high school Economics class with Miss Hutson) can suss out the real reason. Let me try rewriting that:

Oil prices edged up for the first time in five days Tuesday as a weaker dollar meant that it takes more of them to buy a fixed commodity, such as a barrel of oil, in an international market.

Is it true? Hey, I don’t know what made the price fluctuate, but I think I have a better grasp than the AP reporter of basic economics.

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Economic Indicators Now The Villains

Jobless exploited by worst long-term unemployment in 62 years?

To block this out for the theatrical release, put long-term unemployment over there, brandishing a whip over the jobless, compelling them to toil in its salt mines without enough food nor water.

No, scratch that, that’s work. Me, I’m stumped. Someone get that particular headline writer on the phone and ask him what that means, exactly.

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The Bright Side of Salary Decline

In 2005, this would have been bad news: Talented employees now affordable:

Don Carroll, a former financial analyst with a master’s degree in business administration from a top university, was clearly overqualified for the job running the claims department for Cartwright International, a small, family-owned moving company south of Kansas City, Mo.

But he had been out of work for six months, and the department badly needed modernization after several decades of benign neglect. It turned out to be a perfect match.

In the year 2OE, however, this is good news.

If G.J. Meyer was reduced to being a Wal-Mart greeter, this would now be a great networking opportunity

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When You’re In Jail, Stop Running

Suspect reportedly shot by Springfield police during chase in jail

Snickering about the miswritten headline aside, which implies that the chase took place in the jail, we get this nugget about the shooting:

After the vehicle became stuck in the mud following a high-speed pursuit, Hilt allegedly tried to run over several police officers and was shot in the neck.

The suspect tried to run down the officers with a truck that was stuck in the mud? I see.

Reminds me of an incident in the St. Louis area a couple years back where a deputy pulled over a car full of kids in a manual transmission vehicle. When the deputy got out, the vehicle rolled a little purportedly because the driver didn’t put the parking brake on, and the deputy fired a barrage into the vehicle, killing some and wounding some more.

Jeez, guys, be careful.

UPDATE: I am not convicting the cops here in the court of my public opinion, since I am only working off of the newspaper’s reporting of the event.

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