The food price surge hits home

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Speaking of gas prices, shock news just in: you can price people onto public transport (sorry, public transit).
Yeah, Krugman had a good one over the weekend, comparing ridership increases in Atlanta, Boston, and Toronto -- three cities with roughly similar populations & other demographic factors, but very different public transit patterns. Atlanta is more or less the poster child for urban highway sprawl, and ridership is low & more or less stays that way; Boston is a little better, but Toronto has a strong enough transit network in place that ridership has been up markedly over the past year.

Here's another interesting one (that probably deserves a post of its own, maybe tomorrow): Chrysler is bribing people into buying SUVs with the promise of $2.99 gas for the first three years. It would be interesting to see the math on it, but if prices keep going up as seems certain to me, then it might not be a bad idea, at least as a short term economic decision taking place in a vacuum. Terrible idea for the environment, of course, and hopefully bad for Chrysler's bottom line, but for an average driver, maybe an effective investment. Weird.

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