The cost of higher gas prices, and more

The cost of higher gas prices

Every one-penny rise in the cost of a gallon of gas takes $1 billion of consumer spending away from other goods in the course of a year, according to an analysis by Credit Suisse bank. A 50-cent increase this year would thus divert $50 billion away from consumer spending.

Bloomberg Businessweek

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A new gender gap

In a majority of U.S. metropolitan areas, single childless women in their 20s generally have more education and higher median incomes than their male peers. In Dallas and Atlanta, the average young woman earns $1.18 and $1.14, respectively, for every dollar earned by a male.

Time

March cherry blossoms in D.C.

Because of an unusually warm winter, Washington, D.C.’s famous cherry blossoms are in full bloom several weeks early this year. A new University of Washington study predicts that by 2080, global warming will move the annual cherry blossom bloom to early March, instead of April.

The Washington Post

Why politicians sell out

For politicians, it pays to sell out. The average member of Congress receives a 1,452 percent salary hike when she or he leaves office and becomes a corporate lobbyist, with some making in excess of $1 million a year.

The Nation

Romney's Bush advisers

Despite his frequent criticism of Bush administration policies, Mitt Romney has named 16 members of that administration to his team of 24 “special advisers” on national security and foreign policy. Bush loyalists “all want to be back in power again,” said former Bush speechwriter Matt Lattimer, “and Romney’s the best bet.”

Reuters.com