Saturday, January 22, 2011

Cost of gasoline adjusted for inflation.

I noticed gasoline over $3.00 per gallon today. And I hear talk of 50 or 75 cents more per gallon by the summer.

Painful? Yes, especially for long-commuters.

But when adjusted for inflation the price is not not much different than other "above average" times in the last 90 years. Gasoline was 25 cents per gallon back in the '60's, but when adjusted for inflation, that is, when adjusted to the buying power or value of the today's dollar, the price today is not wildly different from the price back then.

That being said, 2011 prices at $3.00+ a gallon are on the high side of the mean.

Want to feel better? In London, gasoline works out to be over $8.00 a gallon, US.

Inflation Adjusted Average Gasoline Prices, from InflationData.com





















Chart: © Copyright 2010.  Timothy McMahon and InflationData.com
For more information on this chart please go to: InflationData.com

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Monday, January 17, 2011

The Wall Street Journal's New Books Section

Some readers will not find this post very interesting -- but, since I have yet to write anything very interesting anyway, I thought, why change now.

If you haven't picked up a copy of the Wall Street Journal's Weekend edition, you should. If you haven't seen one in a while, and you like newspaper reading, you ought to give it a try.

The Weekend Edition is especially good, partly because it is new, and has started with a "clean slate" of ideas, and partly because it has taken parts of the old Friday edition, my old favorite, and expanded them.

Within this Saturday edition, the one section I would like to talk about is the Books Section. In the old Friday edition, the Books section was barely a page, last week the Books Section was a full eight pages. Here's a sample of what they covered.

1. The Greatest of Them All -- a review of three books on Alexander the Great. A summary of eight other books of the same subject.

2. Mysteries Chronicles -- Dorothy Sayer's, Lord Peter Whimsey lovers will be glad to know that the Sayer's estate has deputized someone to finish her last novel. There's a brief essay on that.

3. Joseph Brodsky. A Literary Life. A full review of a new book on the Russian poet and writer.

4. Growing Pangs. A half-page review on the Maud Hart Lovelace books.

5. Five Best: Fury and Terror at the High Seas. Each week WSJ does a brief review of the five best books in a field. This week, they reviewed the five best books on sailing and the high seas. Coincidentally, I had just downloaded one of them for my Kindle. Free.

So, if you like books and book reviews, including the classics, you can't do much better than the Wall Street Journal Saturday Books Section.

(While I am at it, and just in the off-chance somebody from the basement level of the WSJ reads this: if you are going to publish a magazine once a month, do you think you could broaden the appeal to more than the NYC crowd? Thanks.)
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Thursday, January 6, 2011

For Want of a Bar of Soap.

I have lived in my house, "lo these many years."

I have paid for my house, or contributed towards its payment, I have painted its wood, mowed its lawn, and washed its windows. I have, for over thirty years, added my sweat and equity to this house in which my wife and I have lived. And she has turned out rather nicely, if I do say so myself.

Yet . . . yet, when I am searching, in this modest little house of ours, for a bar of soap, a simple, little bar of shower soap -- I can find not a one.

Oh, we have soap. We have soaps in many colors and shapes. Soaps wrapped in fancy papers, bearing fancy names. Some even wrapped in rough, corrugated paper with hemp bows tied around them. Impostors. Wolves in sheep clothes. I do not want these soaps.

I do not want to smell like oatmeal, or wheat, or honeysuckle, or shea butter. I do not want soap made from goat's milk or peaches. I do not want sand, or salt, or pieces of maple bark in my soap, and I certainly do not want lavender. But, right now, in my house I find all of the above and not one that bears the old names in which I am familiar.

Dial, Irish Spring, Zest . . . oh we few, we happy few . . . I know you are out there somewhere . . .

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