PODCAST: A dip in olive oil prices and an economic forecast for sunny skies
On Memorial Day, we take a look at ways to support the other 1 percent — the less-than-1 percent of Americans who serve in uniform and those who have died in the line of duty. While low-fare airlines are struggling to make money in the United States and Europe, airports across Southeast Asia have never been busier thanks in large part to budget carriers. The Spanish government is wrangling with how to rescue its troubled banks. Local protestors in Malaysia are stalling efforts to mine for rare earths, a key component in electronics.
Last Groundhog Day we asked a couple of economists to play Groundhog and predict the economic future: shadow or no shadow? Today, we asked them to do it again. If you want to join in with your economic predictions, tweet us @MktplaceRadio.
European markets are up today, encouraged along by news from Greece that more people are supporting pro-bailout parties, but the economic crisis there is driving down the price of another commodity. Olive oil prices are at a ten year low as euro-pinching Europeans are buying cheaper oils. Turns out the big oil producing countries are also those in the most economic trouble: Spain, Greece and Italy.
Today is Memorial Day. A day to think about the other one percent — the less-than-one percent of Americans who serve in uniform, and those who’ve died in the line of duty. We take a look at ways to support our servicemen and women and their families. Though Memorial Day is a solemn holiday, it’s also a a day to hang out at home, and maybe light up the barbeque; for retailers, it’s the beginning of the summer buying season.
However you celebrate or commemorate, enjoy the holiday.