Why would so many pay so much for so little . During the holiday season, shoppers descend on this store en masse ready to buy if the price is fair. The producers of every item try to predict what the shoppers want and what theyll pay. Supply and demand what sets the price . Economic analyst richard gill and i will examine that on this edition of economics usa. Im david schoumacher. Rarely have americans had to worry about water. They take it for granted because its plentiful available, and cheap. But for what water does, there is no substitute. What would it take to show how much water is really worth . 1975 marked the beginning of one of californias worst droughts. Its a semiarid state with a gigantic agricultural industry, dependent on water from its snow pack and winter rains. But in the fall and winter of 1975 winter rains and snow did not come. Accustomed to dry spells californians showed little concern. But that winter wore on with no rain or snow and soon, what was great weather
Why did the stocks rally . Why . Sometimes it is pretty calculable, simple, because the biggest driver on earth, china, reported a blowout export number showing the countrys plans to reignite growth are, indeed, working and we believe in that. When that happens, buyers swarm in, they buy commodities, thinking how could they not roar now that chinas spending. They buy the industrials because china relies on a lot of our companies to power their electricity and buy our Consumer Companies that have plunged deep into the retail fabric of the peoples republic. Thats why investing in china is one of my huge themes for 2013. Oh, its not just china, the dollar got clobbered versus the euro, something that our International Companies just love to see. It puts them here. House of pleasure. Why else . How about the fact that ford, one of the best bellwethers of Economic Growth out there doubled its dividend last night. Something i said was a possibility earlier this week when we recommended it as
64yearold diana nayad completed her goal of swimming the florida straits. She covered the 110mile distance from kubiccuba to flor. Shes the first to do without a shark cage. Those are the headlines. Real money with ali velshi is up next on al jazeera. The city that passed a living wage law for Hotel Workers, we will take you there and find out how much of a difference good or bad a living wage makes for workers and the companies that pay them. Plus, Global Demand for energy is growing along with the energy production, but that may not be Lower Energy Prices for you. We will tell you how to wipe out thousands of dollars off your Student Loan Debt. Im David Schuster in for ali velshi, and this is real money. This is real money, and you are the most important part of the show. Join our live conversation for the next half hour by using the ajrealmoney. On labor day we remember americas workers and most work for a living hopefully to pay for food, shelter, and transport and other basic need
1903 was about a disaster in canada. It happened in a town called frank in alberta, canada and it was the deadliest landslide ever in the history of that country. It was a little town in the foot of a mountain basically, and for some as yet unexplained reason in the middle of the night in april 1903, the top of that mountain decided to slide down that mountain and bury the town at the base. There apparently had not been any warning signs. This was a reconstruction that was done years later to explain what it might have been like. Obviously, this isnt footage of what happened. But the people in that poor town they did not have any warning signs, they did not have any idea this was going to happen. The whole town overnight basically got buried while they slept in their beds. This is one of the worst natural disasters in canadian history. And today that mountaintop is still sitting at the foot of that mountain where the town used to be and it makes for sort of an eerie moon light landscap
The deadliest landslide ever in the history of that country. There is a little town at the foot of a mountain basically, and for some unexplained reason in the middle of the night, the top of that mountain decided to slide down that mountain and bury the town at the base. There was no warning signs. This is a reconstruction that was done to explain what it might have been like. This is not footage. People did not have any warning signs that it would happen. The whole town was buried while they slept in their beds. And today, that mountain top is still sitting at the foot of that mountain where the town used to be. It makes for an eery moon like area. It looks particularly weird this second because there has been a giant train crash at that excite site. Where that rail line crosses the 100yearold rubble if that hold famous landslide, there was a derailment at that exact spot. See all of the piles of limestone . That is the rubble sight. That is where there was a train derailment. This i