by Charles Gerena - Federal Reserve Bank of Richmond
Dallas, May 1971 - the city was hosting the largest gathering of the grocery industry, the annual convention of the Super Market Institute (now the Food Marketing Institute). Reporters roamed the convention floor while friends reacquainted themselves.
Some Interesting Stats to share about Amazon - the E-Commerce company.
U.S. retail regular-grade gasoline prices continue to decline, averaging $2.82 per gallon (gal) as of November 24. This average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009. Traditionally, the Thanksgiving holiday is one of the most traveled times of the year in the United States, and much of that travel is by car.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
- Inside OPEC room, Naimi declares price war on U.S. shale oil (Alex Lawler, Amena Bakr and Dimitry Zhdannikov, Reuters) IT'S WAR!!!! The U.S. has the financial resources to win the war but will a dysfunctional government chose to fight? This is an opportunity for Obama, and opportunity for a new Republican majority Congress but neither may have the resolve to pursue victory - particularly if it would appear to involve any compromise. More on oil 'behind the wall'.