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Real World Economics: In econ, one must be patient

Published Tue, 04 Mar 2025 11:21:47 GMT

Edward LottermanGreat confusion results from the widespread failure of people to understand that much time often passes between the implementation of an economic action and its results.The Federal Reserve expands the money supply to goose economic activity and we may see near-immediate drops in interest rates. Yet the positive effects on output or consumption may not occur for a year. Ditto for the resulting rise in consumer inflation.Respond to a pandemic by raising government spending and we might see immediate relief effects of businesses keeping people on payroll despite falling sales. Yet broader secondary and tertiary effects on prices of more disposable income sloshing around the general economy won’t show up until later.Economists refer to these delays as “lags.”Moreover, in the memorable phrase of Nobelist Milton Friedman, these lags are “long and variable.” As the high priest of the effects of money on economic activity and  prices, the lags Friedman had in mind were of mo...

Wisconsin deputy shot and killed on Saturday night. Suspect later found dead.

Published Tue, 04 Mar 2025 11:21:47 GMT

A St. Croix County Sheriff’s deputy was shot and killed Saturday night, authorities said. A suspect in the case was later found dead.The shooting occurred at about 6:15 p.m. when the deputy responded to a report of a drunk driver in a ditch, according to a Wisconsin Department of Justice press release. The deputy reported shots fired at the scene.The deputy sustained a gunshot wound and was taken to a local hospital, and died there.“The involved individual fled and was later found deceased in a wooded area with a gunshot wound,” the press release said. There is no threat to the community.At about midnight Saturday, a law enforcement procession that included Minnesota and Wisconsin agencies transported the deputy’s body to the Ramsey County Medical Examiner’s Office, according to the Minneapolis Police Department’s Facebook page.The justice department’s Division of Criminal Investigation is investigating, assisted by the Wisconsin State Patro...

Albany man arrested for DWI by drugs, had loaded handgun

Published Tue, 04 Mar 2025 11:21:47 GMT

ALBANY, N.Y. (NEWS10) -- On May 6, an Albany man was found asleep at the wheel and in possession of a loaded handgun on North Manning Boulevard. The driver, Tariq Royal, 33, is facing multiple charges from the incident. Get the latest, news, weather, sports and community events delivered right to your inbox! At 4:45 a.m. on May 6, officers responded to the area of North Manning Boulevard and Third Street following reports of a driver unresponsive at the wheel. Officers discovered Royal asleep in the driver's seat and attempted to wake him. Police say Royal eventually woke and attempted to flee on foot, but was quickly apprehended and taken into custody. During the investigation, it was determined that Royal was operating the vehicle under the influence of drugs, and a loaded .22 caliber handgun was also recovered from his vehicle. Amsterdam woman charged with grand larceny ChargesCriminal Possession of a WeaponObstruction of Governmental AdministrationResisting ArrestDriving W...

Counties with the lowest cost of living in Missouri

Published Tue, 04 Mar 2025 11:21:47 GMT

Kbh3rd // Wikimedia CommonsCounties with the lowest cost of living in MissouriWith inflation still eating into American household budgets, middle-class Americans are paying keen attention to their finances and finding ways to reduce spending.Nearly three-quarters of Americans surveyed by financial services provider Primerica at the end of 2022 said they are not able to save for their future due to rising costs. Home prices, rent, and food inflation as well as higher prices for gas in the last couple of years are making it so that each dollar earned has even less purchasing power than before.Stacker compiled a list of counties with the lowest cost of living in Missouri using 2022 rankings from Niche.TommyBrison // Shutterstock#30. St. Clair County- Overall Grade: C- Public School Grade: C+- Cost of living grade: A-- Population: 9,235en:User:Americasroof // Wikimedia Commons#29. Daviess County- Overall Grade: C+- Public School Grade: B-- Cost of living grade: A-- Population: 8,427Kbh3...

LASD searching for missing at-risk teen in Paramount 

Published Tue, 04 Mar 2025 11:21:47 GMT

The Los Angeles County Sheriff’s Department is asking the public for help in locating missing at-risk teenager Jaqualine Ramos Espinoza. Jaqualine was last seen on Saturday at 1 a.m. in the 8400 block of Fairton Street in the city of Paramount. She is 5 feet, 3 inches tall and weighs 80 pounds. She has brown hair and brown eyes, and was last seen wearing a white shirt, black and white spotted pajama pants and black and white Converse shoes. Jaqualine Ramos Espinoza as seen in an undated photo. (LASD)Anyone with any information is urged to contact the Los Angeles County Sheriff’s Department Lakewood Station at 562-623-3500. Information can also be submitted anonymously by calling 1-800-222-8477 or by going to lacrimestoppers.org 

Video captures two vehicles colliding with Santa Clarita deputy

Published Tue, 04 Mar 2025 11:21:47 GMT

Security video captured the moment two cars collided with a deputy vehicle in Santa Clarita on Saturday.The crash happened near the intersection of Sierra Highway and Whispering Leaves Drive around 3:35 p.m., according to the Los Angeles County Sheriff’s Department.In the video, a patrol car is seen making a U-turn when a sedan crashes into the passenger side. Within seconds, another car traveling in the same direction also strikes the patrol car.The impact pushed the second vehicle into a nearby wall, authorities said.Security video captured the moment two cars slammed into a deputy vehicle in Santa Clarita on May 6, 2023. (KeyNews)Security video captured the moment two cars slammed into a deputy vehicle in Santa Clarita on May 6, 2023. (KeyNews)Security video captured the moment two cars slammed into a deputy vehicle in Santa Clarita on May 6, 2023. (KeyNews)Security video captured the moment two cars slammed into a deputy vehicle in Santa Clarita on May 6, 2023. (KeyNews)Security...

Barricaded armed suspect arrested in Whittier 

Published Tue, 04 Mar 2025 11:21:47 GMT

The Los Angeles County Sheriff’s Department Special Enforcement Bureau responded to reports of a barricaded armed suspect in Whittier on Saturday and have taken him into custody. According to LASD, the incident was reported around 5:30 p.m. Saturday evening in the 1100 block of Dovey Avenue in the unincorporated area of Whittier. Surrounding homes were evacuated during the standoff, but the area was deemed safe, and residents were allowed back home when the suspect was taken into custody. The suspect was not identified, and no additional details are currently available. Anyone with information is asked to contact the Industry Sheriff’s Station at 626-330-3322. To submit information anonymously, call Crime Stoppers at 1-800-222-8477 or visit lacrimestoppers.org 

How Did Delta-8 Become Federally Legal?

Published Tue, 04 Mar 2025 11:21:47 GMT

View the original article about How Delta-8 Became Federally Legal at Real Tested CBD.Over the last few years there has been a boom in the cannabis and hemp industries. With all the different cannabinoids on the rise, delta 8 THC has taken center stage as of late. This cannabinoid is reported to have effects milder than delta 9 THC and are actually made using CBD. As recently as May of this year, delta 8’s legality loomed in a very gray area, but some of this has been cleared up thanks to a panel for the Ninth Circuit U.S. Court of Appeals. Let’s take a closer look at how delta 8 recently became federally legal and if state regulations apply to you.What is Delta-8Delta 8 is one of many compounds that can be found in cannabis and hemp plants. Though it is found naturally in very small amounts, most of the delta 8 products on the market today are produced using CBD. Cannabidiol can be made into delta 8 using a chemical process.Some delta 8 users have reported its effects to be similar...

Cupertino sets virtual Budget Town Hall for May 18

Published Tue, 04 Mar 2025 11:21:47 GMT

 Budget Town Hall setCupertino city staff is holding a virtual Budget Town Hall May 18 to inform the community about the city’s financial outlook and discuss potential budget-balancing strategies. Community members are invited to give input during the meeting, which starts at 6:30 p.m. Register at cityofcupertino.zoom.us/webinar/register/WN_j72cT53fSdK39GPWnar_tg.For more information, visit cupertino.org/budgetforecast.Free band concertThe Cupertino Symphonic Band is hosting its annual spring concert on Sunday, May 21, at 3 p.m. at the Sunnyvale Community Center Ballroom, 550 E. Remington Drive, Sunnyvale. Donations of canned goods benefit West Valley Community Services.The band is looking for new wind instrument and percussion players. For more information, visit www.cupertinosymphonicband.org.Student research champRaagavalli Karumanchi, a  student at Monta Vista High School, took first place at the National Institutes of Health’s All of Us Researchers Convention.The All of Us Rese...

New production of ‘1776’ declares independence from casting strictures

Published Tue, 04 Mar 2025 11:21:47 GMT

While the script hasn’t changed, the voices telling the story of “1776” in the national touring production are quite different than those of the Continental Congress members portrayed in the Tony-winning musical.The cast of this production, coming to the San Jose Center for the Performing Arts May 16-21, is made up of women, nonbinary and transgender actors playing mostly male characters. (Abigail Adams and Martha Jefferson are the two female characters in the show.) The cast is also more diverse, with a majority of people of color, in contrast to the all-white cast of the 1969 premiere production.“This cast wouldn’t have been considered when the Declaration of Independence was written,” says Liz Mikel, who plays Ben Franklin. “All these people were here then, (and we) reflect what America looks like today.”In researching Franklin, Mikel discovered that he was a master chess player.“He was always three steps ahead of everyone else,” she says. “He was always one of the wisest people ...