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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: supply and demand

supply and demand stories: 13 news summaries

(Newser) - The various sectors of the global economy have become so entwined with food production that prices are acting in a very “puzzling” manner, the Economist reports. Last year, the market responded rationally to the global food crisis of 2007-08, increasing production and thus lowering prices. But with another bumper... More »

MORE ABOUT:
farming • developing countries • food prices • Third World • supply and demand • food production • global food crisis • cereals • yield

(Newser) - Recession be damned, desire for the 2010 Chevrolet Camaro far outstrips supply—and some dealers are even charging a premium for the sporty new ride, USA Today reports. “Our current production schedule can’t meet the demand,” a General Motors spokesman said. But “that supply-demand tension is... More »

MORE ABOUT:
General Motors • recession • model • Chevrolet • auto industry • supply and demand • cars • automobile • Camaro • Ford Mustang

Why Car Rentals Are Pricey
in Great Recession

Airfares, hotel rates fell, but rental rates have started back uphill

Jun 28, 09 1:40 PM CDT
(Newser) - Hoping for a cheap car rental in the Great Recession? Sorry, car rental fees are going up, thanks to agencies selling off chunks of their fleets and creating a false shortage, Michelle Higgins writes in the New York Times. Last month, the average weekly airport rental price jumped 73% over... More »

MORE ABOUT:
consumer prices • rental car • supply and demand • economy

UPDATED

Auto Sales
Take a Drubbing in December

Chrysler off 53%; GM, Ford, Toyota, Honda all down more than 30%

Jan 5, 09 1:28 PM CST
(Newser) - Chrysler's sales were off 53% in December compared to the same time last year, the Wall Street Journal reports today, with Ford's off 32% and General Motors down 31%, further indicating a steep decline in US demand for cars. Foreign makers took an even harder hit last month: A 35%... More »

MORE ABOUT:
Toyota • General Motors • Honda • Ford • Volvo • auto industry • sales slump • supply and demand • financial crisis

 Plunging Exports Roil Asia 

Declining global demand sends shock across the continent.

Dec 23, 08 9:12 AM CST
(Newser) - Asia, the manufacturing powerhouse of the last few decades, is experiencing a plunge in exports unprecedented in modern history, the Washington Post reports. Japan, the world’s second-largest economy, reported yesterday that exports dipped 27% in November, while Thailand’s exports shed 19%, the most in 17 years. Taiwan’s... More »

MORE ABOUT:
exports • recession • global economy • supply and demand • financial crisis • Chinese exports

 Chrysler Idling US 
 Plants for 30 Days 

Supply to be slowed so it meets lowered demand, company says

Dec 17, 08 5:05 PM CST
(Newser) - Ominous news on the auto front: Chrysler will idle all its North American plants for at least 30 days beginning Friday, a move meant to realign the company's supply with plummeting demand, the Detroit News reports. Ford, meanwhile, will close 10 assembly plants for an extra week in January, the... More »

MORE ABOUT:
Chrysler • Detroit • automaker • plant • US automakers • supply and demand • credit market chaos • financial crisis • recession depression

OPINION

 End the 
 Recession: 
 Throw Us 
 All a Grand 

Banks just horde cash; citizens will spend it

Dec 10, 08 11:22 AM CST
(Newser) - The financial crisis has begotten a global recession, but government leaders across the world are still concentrating their efforts on fixing the banking system. That's a waste of time, writes Simon Jenkins; the banks only horde cash to save themselves and ride out the downturn. For the Guardian columnist, the... More »

MORE ABOUT:
recession • economic stimulus package • tax rebate • supply and demand • John Maynard Keynes

 Honda Cuts F1 Racing Team 

Attempting to cut costs, Japan's No. 2 carmaker axes racing program

Dec 5, 08 11:32 AM CST
(Newser) - Honda, facing economic drag as the financial crisis sharply curtails demand for automobiles, is withdrawing from Formula 1 racing, at least until global markets turn the corner, the Guardian reports. Honda's CEO once pledged to spend “a trillion yen” to secure an F1 title, but shareholders have pressured the... More »

MORE ABOUT:
Honda • auto racing • Formula One • auto industry • Japanese auto industry • supply and demand • financial crisis

 Taliban Stockpiles
 Surplus Opium 

This year's crop was double global demand

Nov 28, 08 11:05 AM CST
(Newser) - The Taliban is stockpiling opium in Afghanistan, where high yields in recent years have led to a surplus, the UN drug office says. Poppy cultivation is less widespread than it once was, but the high yield offsets the contraction—and allowed the Taliban to make $300 million off opium last... More »

MORE ABOUT:
Afghanistan • Taliban • surplus • opium • drug trade • poppies • supply and demand

Home Builders Want Federal Bailout, Too

But critics warn adding to housing supply will only make things worse

Nov 24, 08 12:37 PM CST
(Newser) - Home builders, undeterred by the automakers’ troubles in securing federal aid, are campaigning for a $250 billion stimulus of their own, the Wall Street Journal reports. Saying that the economy can't recover until home prices stop tanking, the builders propose a plan, called “Fix Housing First,” where the... More »

MORE ABOUT:
Congress • homebuilders • housing crisis • bailout • supply and demand • National Association of Home Builders • financial crisis

ANALYSIS

 As Food Prices Rise,
 Lobster Treads Water

In Maine at least, local economies dodge the perils of globalization

Aug 20, 08 12:43 PM CDT
(Newser) - As global demand drives food prices to new highs, there’s one high-end food item whose price is in decline, Daniel Gross points out in Slate: lobster. In Portland, Maine, a pound of lobster costs slightly more than a gallon of gasoline, a ratio that historically was more like 4-to-1.... More »

MORE ABOUT:
food prices • speculation • supply and demand • food industry • lobster • global food crisis

 OPEC May Boost
 Oil Output to
 Ease Prices 

Cartel may meet early and backpedal on current policy

May 9, 08 7:39 PM CDT
(Newser) - As crude hit $125 a barrel today, one OPEC member said the cartel may boost oil production to relieve prices, the New York Times reports. The move would conflict with OPEC's public stand that speculators, not oil supplies, have been keeping prices high. “We would consider among other... More »

MORE ABOUT:
Saudi Arabia • OPEC • Libya • investment • gas prices • oil price • oil production • speculation • supply and demand

UPDATED

Oil Hits $104; OPEC Won't Budge

Cartel president blames 'mismanagement' of US economy for rising prices

Mar 5, 08 3:57 PM CST
(Newser) - Crude oil rose to a record $104.52 a barrel today after OPEC decided to hold production steady. “The oil market is currently stable,” said Saudi Arabia’s oil minister. “There is no need to increase even one barrel of oil.” The cartel blamed sky-high prices... More »

MORE ABOUT:
oil • Saudi Arabia • OPEC • recession • US economy • oil price • oil supply • commodities exchange • supply and demand

13 Stories


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