had a huge reversal in some of them. you mentioned gasoline. gasoline peaked a year ago at $4.65 a galgallon. it is $3.50 in america, so it is falling, as you said. food at home which was going up at almost 14% a couple years ago, year and a half or so ago, is now going up at less than 4%. rent is a proxy for housing, how we think about housing, up only 2%. airline fares, which obviously did move a lot when people weren t traveling, then they surged when they were traveling, are down 18% from their peak. used cars, which was another covid phenomenon, when everybody rushed out to buy cars, are now down 10% from their peak. the picture is obviously very different than it was and much more positive for the economy and for joe biden, of course. steve, as we look at your third chart, the other fascinating number yesterday was that real wages were up. you put these two things together, wages up, inflation
clarence thomas writing. we worked to get out of american society and he talked about the 1864 republican party. it was to abolish slavery. republicans pushed forward the 13th amendment. he called it america s second founding and we get to jim crow and board of education. we will not discriminate on base of race in our schools. he said we take some steps back as a country when you get to the gruder case, which allowed discrimination in school as long as you were discriminating individuals who were, asian, for example. he concludes by saying stugsz embodies simple truth, two discriminatory wrongs do not make a right. john wayne, 4.65 gpa, way above
math, and 79 out of 800 on reading. my gpa was 4.65, second highest gpa in my graduating class, i applied to mit, cal tech, carnegie melon and uc berkeley. he was rejected by all of them, he says he was warned. just talking with my friends and guidance counselors they said it is tougher to get in as an asian american. john wayne divulged his identity even though it may cause him problems. there is risk of backlash on social media. he is happy at georgia tech, has no regrets about placing himself in the middle of one of the most
the question at the center of the case in this day and age should colleges consider race when deciding who gets in and who doesn t? i m harris faulkner. john wang is at the center of this mom he says it is hurting asian-americans in particular. wang graduated high school with a 4.65 gpa and scored 1590 out of 1600 on s.a.t. six top colleges denied him entrance. i got an 800 out of # hundred on math. 99th percentile. i got a 790th out of 800. the top tier schools were mit, princeton, harvard,
surviving. they really are, yeah. little, smaller businesses really are struggling with access to capital. if you take a look at where we have been with our interest rate at 4.65% to now 10.62% i m sorry 5.62% to 10.62% in just a little over a year, it s been really tough for small businesses to deal with that kind of change in funding their growth. lawrence: tim, why is that? you know, it s costing more. and i think it s a multitude of factors. it s not just the inflation but it s the banking crisis that we re working through. it s inflation that we re also dealing with. so, small business owners are getting hit on multiple fronts, and that s becoming tougher for us to survive. lawrence: tim, a lot of the small businesses that i talk to tell me all the time they just can t hire people. what are you seeing? yeah. hiring is difficult.