An estimated 41 million americans are hitting the road. Here is the good news. The average regular price for gasoline has fallen to 2. 81 a gallon, an 0. 89 drop, the leest level in five month, and seen by thanksgiving travellers. While americans save on the cost of driving, they are forking out more to serve turkey and trimming trimmings. The reason gas is falling is oil is falling more. Oil futures settled at 73. 69 a barrel. Thats a 31 drop since the rices peeked in june. Since oil is refined into gasoline americans save on car travel. Theres a lot of reasons for the drop. Supply and demand. America is pumping more oil out of shale, thanks to fracking or hydraulic fracturing. On the demand side europe and china are consuming less due to slow downs in economic activity. When demand lags, leading producers get together and agree on supply cuts to stablilize prices. These are not normal times. The 12 members of the organization of Petroleum Countries are meeting in vienna to try coordi
An estimated 41 million americans are hitting the road. Here is the good news. The average regular price for gasoline has fallen to 2. 81 a gallon, an 0. 89 drop, the leest level in five month, and seen by thanksgiving travellers. While americans save on the cost of driving, they are forking out more to serve turkey and trimming trimmings. The reason gas is falling is oil is falling more. Oil futures settled at 73. 69 a barrel. Thats a 31 drop since the rices peeked in june. Since oil is refined into gasoline americans save on car travel. Theres a lot of reasons for the drop. Supply and demand. America is pumping more oil out of shale, thanks to fracking or hydraulic fracturing. On the demand side europe and china are consuming less due to slow downs in economic activity. When demand lags, leading producers get together and agree on supply cuts to stablilize prices. These are not normal times. The 12 members of the organization of Petroleum Countries are meeting in vienna to try coordi
From the likes of china and europe, that has got to be the hope. Many have to cancel those christmas lunches. We have got so much on our plate. Russia hiking. The Interest Rate the most since 1998. You have got oil continuing to have got chinese manufacturing contracting. That was a surprise. We have got eurozone debt the later today. We have pmis from france. Hope is on the equity market. Lets look at what happened to the ruble. To theeeing a rebound russian ruble. The dollar is down. On a twoday basis. Yesterday we saw the u. S. Dollar up 10 against the ruble. Central bankhe stepped in. The emergency meeting at midnight, raising Interest Rates i 6. 5 . Ls economic growth. If youre going to support the ruble, what happens to growth when you have sanctions . You have oil continuing to fall. Be hurting the russian economy further. Look at oil. We are seeing it continue to drop. Clearly, there is a concern. Keep an eye on the euro. We have got moves coming out of europe. We have data, pm
Than simply acknowledging the centrality of the human person. It also implies nurturing the gifts of each man and woman. It means investing in individuals and in those settings in which their talents are shaped and flourish. The first such area is that of education beginning with the family, the fundamental cell and most precious element of any society. The family united, fruitful and indissoluble possesses the elements. [applause] possesses the elements which are fundamental for fostering hope in the future. Without this solid basis, the future ends up and builds ondemand with dire social consequences. Its also important stressing the importance of the family should mean not only giving direction hope to new generations but also to many of the old who often have to live alone and abandoned because there is no longer the warmth of the family home that can accompany and support them. Alongside the family there are the various educational institutes, schools and universities. Education c
We think over the long term it has served and its in the business judgment of the league that has served it, but as that shows, clubs take extraordinary examples to avoid them. Im going to continue this conversation with you and the other witnesses but now turn to senator klobuchar. Thank you. Thank you very mu. Thank you to all of the witnesses. I thought id start with you, mr. Waldron. The blackout rule was put in place in 1961, is that right . The Sports Broadcasting act was adopted in 1961. The fccs rule was put in place in 1975. Most of the money made by sports tickets came from ticket sales, but today nfl games are consistently among the most Popular Television programs, certainly in my state where were proud of the vikings and with that comes a significant increase in revenue. Cost of tickets has significantly increased. Its a big expense. Do sports teams need blackout rules the same way they did half a century ago . If not, why do we have the same rule . No question that those