In recent weeks, the price of a barrel of oil has stayed at about $100 a barrel, and gasoline prices have been edging closer to $4 a gallon. The costs are apparently due to events half a world away, in the Middle East. Even though plenty of oil is around, there is fear of further disruptions, and consumers, business people, and politicians have all been making adjustments. Here are eight ways that higher energy prices are starting to affect America.
A massive earthquake and tsunami have accomplished what Japan's fiscal policy and central bank could not. Rebuilding a large swath of Japan will stimulate domestic growth and global demand, energy-efficient technologies, while helping to integrate China and Japan.
Long before the NPR scandal underscored liberal condescension toward conservatives, Lionel Trilling saw the hidden hope of power that lies in the heart of those who seek to improve society. President Obama has renewed this progressive impulse, limiting our freedom and prosperity.
Since the unrest that has swept the Arab world began in January, many of West Africa's leader nations have been distancing themselves from the crumbling regimes to their north.
Teodorin Obiang, son of the President of Equatorial Guinea, tried to buy the world's second most expensive yacht, according to Global Witness, an anticorruption advocacy group in London.
The islands of Thailand's previously untouched Andaman Coast are experiencing a tourism boom that has brought chaotic expansion at a cost to the environment.
China's economy looks strong, but its policy tools are crude and it's still too dependent on exports. A hard landing this year is likely.
Ivory Coast state television has lost what little subtlety it once had and transformed into the communications arm of Laurent Gbagbo's desperate government.
Just five months after a disputed election, United Nations Special Representative to West Africa Said Djinnit says that there are signals that Guinea could slide into prosperity, or something like it.
The town of Chibi has ordered residents to consume five tons of water per household per month in the middle of one of the worst droughts to hit China for decades.
Ireland's new leaders have few options in reversing the downward spiral of debt and joblessness.
Crafting a federal budget is like a teenage shopping spree for boomers, seniors.