Blogs > Saratogian Newsroom

The Saratogian Newsroom blog, complete with thoughts and commentary from our newsroom staff and regular posts on happenings around town.

Monday, September 15

The REAL economic crisis

So, it seems that the stock market took a slide today. Bummer. According to The Times, the slide amount to a 4.4% decline in the market. However, the mainstream news media is overlooking an economic crisis that will effect everyday people much more than the stock market's continued ruminations.

And it is this:
Last week, the price of candy in our office vending machine jumped up a mind-blowing 17% in a matter of minutes. Suddenly, my daily M&M fix is going to cost me 90 cents, up from 85 cents. I don't own much stock, having used most of my investments to pay for college (thank god this recession didn't come two years ago!), but I do eat a lot of M&Ms.

This is the big story. Reports have indicated that prices at area retailers have increased even more, to as much as $1.09 at some establishments. And THAT, is the real economic crisis.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home