Monday, June 9, 2008

Your Morning News 6.9.08

Posted by Josh in Economy, Gas Prices, iPhone, oil, Pentagon, Torture, vacation, Your Morning News

Home, sweet home. We left to spend two weeks either seeing family (Jeff) or working like crazy then drinking/crying myself to sleep every night (Josh). It is not like we missed much. Nope, nothing much at all. However, we are back and better than ever.

One thing that hasn’t changed much since we left is the economy. On Friday, the release of high unemployment numbers and a surge in oil prices sent the stock market plummeting.

Because of the surge in oil prices, gas prices nationwide hit an average of $4/gallon on Sunday. Today’s must-read is from the New York Times, who profiles the people most screwed by increased gas prices: the rural poor. How to talk about this is pretty simple. Do you drive to work? Then commiserate with your coworkers about how terrible the gas prices are. Do you take the subway/bus? Then commiserate with your coworkers about how terrible public transportation is.

Luckily, while we were gone, we didn’t miss anyone bothering to institute the rule of law or anything. The Pentagon had been urging interrogators to destroy all handwritten notes in case they were called to testify on detainee torture.

And finally, because we live in a modern gilded age, Apple will be announcing a new generation of the iphone today. The new phone is rumored to have a much faster Internet connection, new business-focused applications and an improved display. There are also rumors of a reduced price, but I still won’t be able to afford one.

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