You Can’t Afford To Go To The Movies. Thanks, Ethanol!
Ethanol, the stupid fuel that the government loves for some reason, is going to take up 40% of next year’s corn crop. Movie theaters make nearly half of their money from concessions, and a third of that money comes from popcorn sales. When concession prices go up, people buy less, "forcing" theater owners to raise their ticket prices.
I question the math here, both the 40% number and the theater’s numbers. But if it’s true, if we’re already at 40% of the corn crop going into ethanol, that’s huge, and a serious problem. It will be the biggest and most ignorant, naive, and downright insane economic experiments we’ve ever conducted. The mother of all duhs.
Gold rush fever returns to the California hills
Land claims in the western states have soared and the Gold Prospectors Association of America says its membership has grown by nearly 40 per cent in a few years to 45,000.
"There’s a lot of excitement right now," said Walt Eason of the association. "It used to be that you might find $2,000 or $3,000 of gold after a week’s work. Now it’s possible that that figure could be $15,000 to $20,000."
Found on: Boing Boing
Cindy Adams Fails Economics 101
Not only is it confusing, she also includes contains a glaring error. Adams writes, "Reach into your bag and pull out dollar bills — printed by the Feds, backed by gold — and salespeople shrink in horror."
That’s more like economics 001 remedial!
In today’s New York Post, just a few pages from columnist Cindy Adams’s disturbing claim that U.S. currency is "backed by gold," Elle creative director Joe Zee reveals how he would maximize fun in Gotham on a budget of $50.
The list adds to $51. Math 001.
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