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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (417693)	9/17/2008 5:09:59 PM
From: TimF	Read Replies (1) of 1581712

That dull thumping sound you hear... ...is thousands of economists beating their heads against their desks. Stimulus: Texas has a toll-free number for consumers to report complaints about alleged price gouging related to Hurricane Ike. The Texas attorney general's office Tuesday announced its consumer complaint hot line has received hundreds of calls since Ike made landfall Saturday at Galveston. The Texas Deceptive Trade Practices Act bars exorbitant prices for necessities — like drinking water, food, batteries and generators — during times of disaster. Attorney General Greg Abbott's office says most complaints so far involve alleged gouging on gas and lodging. Some involve price hikes over food, water and power generators. Response: Above: "I've been sitting here for five hours, but at least I'm not getting GOUGED!" Economic Retardation Bonus Addendum: In case you were wondering, gas prices have fallen across most urban centres, in price-controlled Nova Scotia, however: Nova Scotia’s gas gurus aren’t dropping any hints as to whether the province will step in to relieve price pressure at the pumps. Dale Madill, spokesman for Service Nova Scotia, the department responsible for gas price regulation, wouldn’t say Monday if the province will use the so-called interrupter clause to lower the price. The clause is used to change the price if there is a strong trend up or down in the world market price. [...] Premier Rodney MacDonald says he hopes to see gas prices go down as quickly as possible. But he isn’t saying whether the province will use the interrupter clause to change the price before the scheduled review at the end of the week. "That’s going to depend on all of the information that’s coming forward," Mr. MacDonald said Monday in a phone interview. "It will be based on the formula." Take your pick: supply and demand or bureaubot formulas and interrupter clauses. jayjardine.blogspot.com

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