Page 38 - Trickle Down Effect News Today

Of all, every weekend, we are here talking about these gas prices going up and up and up and the president spoke on it in his radio address on saturday and he said, he feels our pain. im not sure he really feels the average familys pain and what is the average family experiencing right now? >> well, one research study says that the average american family per year will see at these kind of price gains, a thousand dollar more in costs, which is huge. because, they are largely not disposable incom...

Close to the bottom in virtually every investment area -- technology in the classroom, libraries, teachers per student. list goes on and on. >> yeah. if you have larger class sizes theres the trickle-down effect, could affect students getting into college and their education as a whole. >> without question. the drop-out rate in los angeles and in big cities across the country is still too high. when tom friedman talks about the world is flat and says that our kids arent competing, hes talking ab...

Europe has increased volume, as some other countries that are supplying to japan like australia begins to supply greater, itll have a trickle-down effect and will ultimately mean the production here will need to be greater. and the officials here with the new mine opening up believe theyll be ready to meet that demand. we had a chance to look at one of the mines thats been in production yesterday. down about a thousand feet and in about two miles or so and get a firsthand look at exactly what it...

Manufacturers are raising prices and for more than 50 years, superior bakery in cranston, rhode island has provided their area supermarkets but theyve been forced to tighten their belt. heres the owner? >> i have to say prices have increased roughly about 1.25 a gallon from last year, nine, ten months ago, and we have 12 truck that is leave this plant every day, so at the end of the week, its probably 12-$1500 more just in gasoline prices. >> reporter: the costs including for sugar and flow, the...

Federal level was flat and that is usually a huge hiring factory, and, they dont have the money anymore and it is private companies, who should be hiring at this point. but there are so many issues, coming up, that could unhinge the economy. as you mentioned. gas prices. that could really hit companies hard. you know, take their profits. there go the hirings and it could have quite -- >> in gregs segment he talked about a $5 a gallon already in florida, and that has a trickle-down effect. >> and...

President bush and president clinton, to release that oil into the market, what it did, it reduced prices significantly and immediately, 33 percent in the case of the first president bush, 19 percent with the second bush, and 9 percent with president clinton. so it helps to arrest the speculative premium that were paying at the pump and is hammering the middle class and our small businesses. jenna: and gas prices when the oil prices came down around this time, we did see a trickle down effect to...

>> of course, the reason is all the uncertainty in the middle east and the related story because of all the uncertainty in wisconsin, the price of cheese wiz $80 a barrel. yeah, $80 a barrel. thats crazy! >> is cheese wiz real cheese? i think its cheese food. >> when you put the word wiz in a food product, youre pretty much winging it, ok? >> it doesnt matter when you just have a spoon. all you need is a spoon with cheese wiz. correct? >> what do you mean? >> you can eat it right out of the jar ...

The first blush has been to 100 and some international grades have been to 115 in this initial phase of reactions. 220 would imply a real shortage and an extended draw of inventories. >> were showing -- if we can go back to that other graphic where we showed the 2008 price per barrel at $147. i remember gas prices wereç about, what, four bucks a gallon. so if we did see $220 a barrel, were talking about how -- how would that translate to gas prices? >> thats over $6 a gallon. its unsustainable...

Heres what theyve agreat to. they pay less than 1% into their pensions. they say well go up to 5.8%. most pay about 6% now in health care premiums. theyre willing to go to 12.6%. but they want to protect collective bargaining. so what recourse do they have? >> you know, the law. and they have -- what theyre doing now -- you know, there are other ways to protest. i just think that you know, leaving kids and parents in -- there are a lot of parents out there, if you drop your kid off in the mornin...

Spigot to a lot of communities and he talked about his philosophy of cutting spending in new jersey, over the weekend and how he thinks it relates to the big picture. >> what republican congress has to do is go out, to the public, and make their case. they won the election on those arguments, and, now articulate those arguments and have the guts to put up or shut up. martha: you know, he put up or shut up is what he is trying to do with the pension agreements. how do you see that trickling acros...